BALANCING GROWTH AND SUSTAINABILITY: THE ROLE OF THE GREEN ECONOMY IN MITIGATING CLIMATE-INDUCED ECONOMIC RISKS

Climate change poses substantial challenges, impacting not only the environment but also economic stability through declining GDP, resource scarcity, and increasing adaptation costs—all of which threaten sustainable growth. Recent extreme weather events underscore the urgency of adopting resilient and sustainable economic models. This study examines the potential of the green economy as a solution to climate-induced economic disruptions. It also traces the historical progression of climate change, its economic consequences, and the limitations of current mitigation strategies. As global consumption and production intensify, the urgency of addressing climate-related issues across all sectors becomes more pronounced. The study highlights the critical role of technological advancement and policy innovation in promoting sustainable development while minimizing economic loss. Ultimately, it advocates for a structured transition to a green economy, with a focus on sustainable infrastructure and long-term economic resilience. The paper aims to propose actionable economic and political strategies to integrate green economy principles into national and global development agendas.