This report takes stock of the latest developments in the overall economic and social conditions in Eastern Europe, Caucasus, and Central Asia (EECCA) countries, market signals and environmental governance arrangements that may facilitate the shift towards green growth, and discusses possible barriers and measures to overcome them. At the same time, the report delineates the possible elements of a more coherent and effective reform agenda. In such a way the report aims to serve as background and a starting point for follow up development of green growth policies in EECCA.
This report suggest that, given the economic and social inefficiencies of the current growth models in EECCA, the question is not whether countries need at all to green these models. The question is where to start and how to better organise the country’s green transformation. Each country will have to find its own answer although exchanging ideas, innovative technologies and advanced management approaches internationally will help accelerate progress and will reduce the costs of policy action.
OECD Green Growth Papers, July 2012
Why policy action is needed in EECCA?
What policy action is needed?
There is some consensus around the following priority policy interventions:
Green growth promotion in EECCA needs a reinforced focus on implementation. Its success will highly depend upon the support and involvement of the non-environmental community, including ministries of economy and finance, line ministries, NGOs and the private sector, and the quality of the overall governance framework, including public administration. Given the context in the region, the role of governments and good governance will remain crucial.
Are there examples of progress?
Examples exist of EECCA countries that already have put in place selected elements of green economy:
At the same time, these examples are rather scattered and more comprehensive action is needed to promote green growth in EECCA.
Chapter 1: Introduction to green growth
Chapter 2: The development context for green growth in EECCA
Chapter 3. Economic significance and value of the natural capital
Chapter 4. Environmental and resource productivity
Chapter 5. Environmental quality of life
Chapter 6. Price signals, economic instruments and monetary incentives
Chapter 7: Institutional aspects of green growth – actors, planning frameworks, and capacity development
Chapter 8: Financial aspects of green growth strategies