Green Economy

Posted on February 22, 2011. Filed under: Uncategorized |

Nairobi/World, 21 February 2011—Investing two per cent of global GDP into ten key sectors can kick-start a transition towards a low carbon, resource efficient Green Economy a new report launched today says.

The sum, currently amounting to an average of around $1.3 trillion a year and backed by forward-looking national and international policies, would grow the global economy at around the same rate if not higher than those forecast, under current economic models.

The report sees a Green Economy as not only relevant to more developed economies but as a key catalyst for growth and poverty eradication in developing ones too, where in some cases close to 90 per cent of the GDP of the poor is linked to nature or natural capital such as forests and freshwaters.

Key Findings and Some Key Sectors
UNEP defines a Green Economy as “one that results in improved human well-being and social equity, while significantly reducing environmental risks and ecological scarcities”.

A big part of that transition involves policies and investments that decouple growth from the current intensive consumption of materials and energy use.

While there has been some decoupling over the past 30 years, the gains have been far too modest to put the planet on a sustainable path and conserve finite resources.

From Fisheries to Buildings—Ten Key Sectors Underpin a Green Economy
The ten sectors identified in the report as key to greening the global economy are:
agriculture, buildings, energy supply, fisheries, forestry, industry including energy efficiency, tourism, transport, waste management and water.


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