Ecological economics It has been suggested that because of rural poverty and overexploitationenvironmental resources should be treated as important economic assets, called natural capital.
OECD Home Green growth and sustainable development What is green growth and how can it help deliver sustainable development? Green growth and sustainable development What is green growth and how can it help deliver sustainable development?
Twenty years after the first Rio Summit, the world continues to face a twin challenge: Green growth is where these two challenges meet and it is about exploiting the opportunities to realise the two together.
Green growth means fostering economic growth and development while ensuring that natural assets continue to provide the resources and environmental services on which our well-being relies. To do this it must catalyse investment and innovation which will underpin sustained growth and give rise to new economic opportunities.
Green growth is not a replacement for sustainable development. Rather, it provides a practical and flexible approach for achieving concrete, measurable progress across its economic and environmental pillars, while taking full account of the social consequences of greening the growth dynamic of economies.
The focus of green growth strategies is ensuring that natural assets can deliver their full economic potential on a sustainable basis.
That potential includes the provision of critical life support services — clean air and water, and the resilient biodiversity needed to support food production and human health.
Natural assets are not infinitely substitutable and green growth policies take account of that. In Maythe OECD delivered its Green Growth Strategy to Heads of State and Ministers from over forty countries, who welcomed it as a useful tool for expanding economic growth and job creation through more sustainable use of natural resources, efficiencies in the use of energy, and valuation of ecosystem services.
The Strategy responds to a request from Ministers of the 34 countries who signed the Green Growth Declaration incommitting to strengthen their efforts to pursue green growth strategies as part of their response to the economic crisis and beyond. For more information on Green growth and sustaianble development, visit: Green growth policies are an integral part of the structural reforms needed to foster strong, more sustainable and inclusive growth.
They can unlock new growth engines by: Enhancing productivity by creating incentives for greater efficiency in the use of natural resources, reducing waste and energy consumption, unlocking opportunities for innovation and value creation, and allocating resources to the highest value use.
Boosting investor confidence through greater predictability in how governments deal with major environmental issues. Opening up new markets by stimulating demand for green goods, services and technologies.
Contributing to fiscal consolidation by mobilising revenues through green taxes and through the elimination of environmentally harmful subsidies.
These measures can also help to generate or free up resources for anti-poverty programmes in such areas as water supply and sanitation, or other pro-poor investments. Reducing risks of negative shocks to growth due to resource bottlenecks, as well as damaging and potentially irreversible environmental impacts.
Strategies for greener growth need to be tailored to fit specific country circumstances. They will need to carefully consider how to manage any potential trade-offs and best exploit the synergies between green growth and poverty reduction. The latter include, for example, bringing more efficient infrastructure to people e.
Given the centrality of natural assets in low-income countries, green growth policies can reduce vulnerability to environmental risks and increase the livelihood security of the poor. Green growth strategies also recognise that focusing on GDP as the main measure of economic progress generally overlooks the contribution of natural assets to wealth, health and well-being.
The OECD is working to identify the policy mixes and measurement tools that countries in different situations can adopt to implement green growth in a way that contributes to poverty eradication, employment opportunities, and a strong and sustainable economy.
Greening the growth path of an economy depends on policy and institutional settings, level of development, social structures, resource endowments and particular environmental pressure points. Advanced, emerging, and developing countries will face different challenges and opportunities.
While national plans will differ, in all cases green growth strategies need to go hand-in-hand with the main pillars of action to promote social equity: It reviews key barriers and includes options for a policy framework and a set of criteria that developing countries could consider in their efforts towards green growth policy making.
Work will also commence on how progress could be assessed. The report was developed based on a consultative process with developing countries. It aims to provide a platform for developing country partners to indicate their interest in collaborating with the OECD to shape a green growth agenda that is feasible and relevant for them and addresses the aspirations of their citizens.For over fifteen years, the Ontario Sustainability Energy Association (OSEA) has been championing a more sustainable energy economy in the province and has led the charge for sector transformation, garnering support from diverse areas of the energy industry..
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Sustainable Development and Poverty Reduction (46) Climate & Disaster Resilience (25) Crisis Response (9) HIV, Health and Development (5) Gender Equality (66) Coordinate data processing and calculation approaches with the Sustainable UN Facility under the Greening the Blue campaign.
In particular, coordinate with UNEP and other key UN. Sustainable development ties together concern for the carrying capacity of natural systems with the social, political, and economic challenges faced by humanity. Sustainability science is the study of the concepts of sustainable development and environmental science.
There is an additional focus on the present generations' responsibility to regenerate, maintain and improve planetary resources for use by . Sustainable development, or sustainability, has been described in terms of three spheres, dimensions, domains or pillars, i.e.
the environment, the economy and society. which aims at defining and implementing a transformative agenda to greening the economy and the society as a whole so to achieve a truly sustainable development. The World Bank Group works in every major area of development.
We provide a wide array of financial products and technical assistance, and we help countries share and apply innovative knowledge and solutions to the challenges they face. Greening International Institutions is the fifth volume in the International Law and Sustainable Development series, co-developed with FIELD.
The series aims to address and define the major legal issues associated with sustainable development and to contribute to the progressive development of international vetconnexx.com: Jacob Werksmann.