Surrounding the 2012 GG-SD Forum, a joint OECD-GGGI (Global Green Growth Institute) workshop took place on 22 November, entitled 'Green growth development paths for a better future'. The workshop featured a discussion among experts and policy makers from developing countries with the aim of sharing evidence and experience on how to create an enabling framework and design policy options for overcoming key challenges and prioritizing inclusive green growth opportunities. Development co-operation initiatives and other international support are critical in accelerating developing countries’ readiness, capacity and investment in a more inclusive green growth path. The current state of such international support was reviewed to identify how it could be tailored to meet their evolving needs and priorities.
Green growth in developing countries is a matter of both economic policy and broader policies for sustainable development. It tackles two key imperatives together: the continued economic growth needed by developing countries to reduce poverty and improve wellbeing; and improved environmental management to tackle resource scarcities, climate change and strengthen resilience. The Global Green Growth Institute (GGGI) and the Organisation for Economic Co-operation and Development (OECD) are both working with developing countries in their efforts to find tailored solutions for meeting this dual objective. The GGGI is supporting a diverse group of developing and emerging country governments for the development of green growth strategies through its Green Growth Planning & Implementation Program. The OECD has launched a consultation process with developing countries to identify elements of a practical policy framework to create the right conditions and incentives for green growth. A strong message emerging from these discussions is the importance of the social and inclusive dimension of green growth. The key challenge now is how to design policy tools and mechanisms to deliver inclusive green growth – policies that frontload benefits, compensate the groups that will be adversely affected by the transition and serve those excluded from the current economic system.
Green Growth and Sustainable Development Forum