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Boosting private sector investment in sustainable transport infrastructure will be essential as governments seek to meet long-term economic and environmental objectives at a time of constrained public finances, according to a new OECD report.
Ports are the nervous system of global trade. Over 80% of world cargo (by volume) is transported by sea. Our efforts to raise the efficiency, competitiveness and sustainability of ports can help boost trade, growth and jobs. It can also help us to promote green growth and development in the poorest regions, said OECD Secretary-General.
All issues of the OECD Green Growth Newsletter
Stockholm Waterfront Congress Centre
23 – 24 May
We can’t use terms like “inclusive” and “green” as window dressing for the pursuit of economic growth as an end in itself. A real and profound change in how we think about growth is needed–one that doesn’t let special interests get in the way of creating a just, fair and sustainable economy with clean energy for all.
Old ways of thinking won’t bring developed countries back to economic life. Weighed down by the legacy of the crisis, they also face deep challenges like a faltering labour supply and slowing innovation. And growth itself won’t be enough–it must also be stable, inclusive and green. The need for structural reforms has never been greater, but they will require difficult trade-offs.
Strong international cooperation on testing, exploring and refining measurement tools on green growth is essential to support implementation and assessment of policies in both developed and developing countries, said OECD Secretary-General.
The European Union may be facing some difficult economic challenges, but that's no excuse for not acting now to create an economy based on resource efficiency and low-carbon development. The benefits are potentially enormous, including lower greenhouse gas emissions, more efficient use of energy and resources and rising growth and innovation.
Long-term projections suggest that without policy changes, the continuation of business-as-usual economic growth and development will have serious impacts on natural resources and the ecosystem services on which human well-being depends.
In his speech to OECD Ambassadors, the President of Iceland discussed how Iceland could offer lessons on the nature of a clean energy economy; and presented some insights from Iceland's recent challenges in dealing with the financial crisis.