Green Growth Best Practice: Synthesis of Key Findings
The Green Growth Best Practice (GGBP) initiative this week released a synthesis of key findings from its review of green growth approaches taken in different countries and regions around the world. This summary report, unveiled at the 1st Global Conference on Partnership for Action on Green Economy (PAGE) today in Dubai, comes in advance of the release of the full report, which is to be launched in June 2014.
Green growth strategies play vital roles in unlocking synergies between economic growth, environmental protection, and poverty reduction and enabling a transition to an inclusive green economy. By analysing around 60 specific government programmes from around the world, the GGBP demonstrates that green growth is actively practiced around the world as a dynamic pathway to achieve a green economy and sustainable development.The recommendations for effective green growth approaches, based on the experience of early movers, provides practical guidance for national and sub-national policy planning towards the sustainable development goals in the post-2015 development agenda.
The Synthesis of Key Findings elaborates on nine key actions that enable effective green growth policy:
- Use well-designed planning and coordination processes
- Establish clear visions, targets, and baselines
- Undertake robust analysis and balanced communication of the benefits of green growth
- Prioritize options and develop credible pathways toward targets
- Design policies to address multiple goals and respond to specific market failures
- Design public finance instruments to overcome barriers and mobilize private investment
- Tap the power of public-private collaboration
- Pursue mutually reinforcing action across all levels of government
- Build and maintain strong monitoring and evaluation systems
The final report, to be released in June 2014, will represent the culmination of more than a year of work by 75 authors in the field of green growth. The report and supporting case studies will also be available in the form of an online “living handbook,” which will feature an interactive interface.
Countries can request collaboration from GGBP and LEDS GP in learning more about and applying results of the findings, including possible in-country briefings on topics of interest by contacting Sangjung Ha, @email