The world is witnessing a transformational change on account of the trends in the green economy concept. The collective market value of sectors comprising the green economy such as renewable energy, energy efficiency, clean water supply, sustainable forestry and fishing, plastic and waste recycling, green infrastructure and eco friendly urban development have become the dominant economic sector worldwide. This sector has surpassed many traditional sectors which had historically dominated the global economic landscapes. This trend has underscored the growing significance of sustainable practices.