Green Economy Policy Review of the Ecological Compensation Policies of Hainan Province in China

In 2008, confronted with the global financial crisis, UNEP launched the Green Economy Initiative and introduced the concept of a green economy, which provided a pathway for achieving sustainable development, while respecting planetary boundaries, improving human well-being and building social equity. In 2015, Member States of the United Nations adopted the Sustainable Development Goals (SDGs) to stimulate action over the next fifteen years in areas of critical importance for humanity and the planet. In order to help countries to review and assess the coherence and effectiveness of existing policies in fostering Inclusive Green Economy transitions to achieve the SDGs, UNEP developed a green economy policy review methodology (United Nations Environment Programme 2020). This summary showcases the results of a longer study that used the methodology to review Ecological Compensation Policies of Hainan Province in China.