Green is not only compatible with growth; green is a source of growth. Sweden was one of the first countries to understand this and showed tremendous leadership when it introduced the world’s first carbon tax in 1991, amidst the economic crisis. Yet there is so much more that can be done to foster a fast transition to a low-carbon world whilst creating the competitive economies of the future.
Sweden has shown a longstanding commitment to the environment, significantly reducing greenhouse gas emissions, air pollution and nitrogen leaching. Renewables supply more than a third of its energy needs. Sweden has set itself tough targets for the future, however, and must continue to innovate if it is to meet them, according to a new OECD report.
Cities can generate growth and jobs while becoming greener – this is the message of the OECD’s new Green Growth in Cities report. Drawing on case studies of Paris, Chicago, Kitakyushu and Stockholm, the report identifies green policies that can respond to urban growth priorities and suggests how to implement and finance them.