<abstract xmlns="http://www.w3.org/1999/xhtml"><p>The mainstreaming of concepts related to the Green Economy, an action-oriented approach to reach sustainable development, has increased demands for integrated models that can shed light on the complex relations existing across social, economic and environmental indicators. A gap exists, whereby our thinking is rapidly evolving, but the tools available are still in the vast majority of cases sectorial, leading to planning processes taking place in silos. To avoid the emergence of side effects, and anticipate future threats and opportunities, a more systemic approach is needed. The Green Economy Model (GEM) was created taking into account four main capitals and their interconnections: physical capital, human capital, social capital and natural capital. The application of GEM in 10 countries has shown its capability to coherently represent reality and generate results that can more effectively inform decision making.</p></abstract>

The mainstreaming of concepts related to the Green Economy, an action-oriented approach to reach sustainable development, has increased demands for integrated models that can shed light on the complex relations existing across social, economic and environmental indicators. A gap exists, whereby our thinking is rapidly evolving, but the tools available are still in the vast majority of cases sectorial, leading to planning processes taking place in silos. To avoid the emergence of side effects, and anticipate future threats and opportunities, a more systemic approach is needed. The Green Economy Model (GEM) was created taking into account four main capitals and their interconnections: physical capital, human capital, social capital and natural capital. The application of GEM in 10 countries has shown its capability to coherently represent reality and generate results that can more effectively inform decision making.

Moving Towards Integrated Policy Formulation and Evaluation: The Green Economy Model

School of Public Leadership, Faculty of Economic and Management Sciences, Stellenbosch University, Private Bag X1, Stellenbosch 7602, South Africa

KnowlEdge Srl, 35, via Col Di Lana, Castellanza 21053, Italy

Environmental and Climate Technologies

This article is distributed under the terms of the Creative Commons Attribution 4.0 Public License.

The mainstreaming of concepts related to the Green Economy, an action-oriented approach to reach sustainable development, has increased demands for integrated...

Moving Towards Integrated Policy Formulation and Evaluation: The Green Economy Model

Published Online: Feb 12, 2016

Page range: 5 - 19

DOI: https://doi.org/10.1515/rtuect-2015-0009

Keywords
Green Economy, System Dynamics, simulation, model, policy, natural capital

© 2015 Riga Technical University

This article is distributed under the terms of the Creative Commons Attribution 4.0 Public License.

Moving Towards Integrated Policy Formulation and Evaluation: The Green Economy Model

Published Online: Feb 12, 2016

Page range: 5 - 19

DOI: https://doi.org/10.1515/rtuect-2015-0009

KeywordsGreen Economy, System Dynamics, simulation, model, policy, natural capital

© 2015 Riga Technical University

This article is distributed under the terms of the Creative Commons Attribution 4.0 Public License.

Keywords
Green Economy, System Dynamics, simulation, model, policy, natural capital