Significance of Emerging Technological Advancements in Transition of Green Economy

UNEP’s SDGs agenda 2030 focuses on the reduction of negative environmental impacts to achieve green economy. Industry 4.0 calls for energy efficient and clean energy technologies as a solution to reduce the impacts of global warming and climate change to achieve Sustainable Development Goals set by United Nations Environment Programme. United Nations Environment Programme is promoting green economy as an alternative solution to achieve sustainable development. Exponential technologies have a significant Role in achieving all the Sustainable Development Goals. United Nations Environment Programme in its report on ‘Technology and innovation’ has expected that by the year 2025, the market growth of technologies would be ${\$}$3.2 trillion. In this regard study covers the frontier technologies- Artificial Intelligence (AI) and Machine Learning, the Internet of things (IoT), Big Data Analytics and Block chain. The present study is related to SDG 8 and 9. This paper analyzes the significance of technological advancements for green economy. The study analyzes that technological advancements have a significant Role in sustainable developmental aspects. Therefore, to attain green economy, there is a need to encourage research and innovation on energy and environment.