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GREEN – GROWTH POLICIES AND SUSTAINABLE DEVELOPMENT : WHAT HAVE WE LEARNED SO FAR ?

ACCORDING TO OECD  » 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. »

THE MAIN CONCLUSIONS OF A RECENT OECD SYNTHESIS PAPER ARE AS FOLLOWS :

  1. GREEN – GROWTH POLICIES ARE LIKELY TO HAVE BENEFICIAL WELFARE EFFECTS IN THE LONG TERM, BUT SHORT -TERM TRANSITION COSTS HAVE HAMPERED THEIR IMPLEMENTATION.
  2. DESPITE SOME PROGRESS, GREEN – GROWTH FRAMEWORKS REMAIN LIMITED IN SCOPE.
  3. PRICING INSTRUMENTS HAVE BEEN WIDELY USED IN GREEN – GROWTH STRATEGIES, BUT HAVE ALSO BEEN COMPLEMENTED BY REGULATIONS OR SUBSIDIES THAT CAN ADDRESS MARKET AND INFORMATION FAILURES AND ARE MORE POLITCALLY ACCEPTABLE.
  4. COUNTRIES NEED TO PURSUE EFFORTS TO MANAGE NATURAL RESOURCES IN A SUSTAINABLE MANNER.
  5. INNOVATION IS KEY TO FOSTER GREEN GROWTH.
  6. COUNTRIES ARE CONCENTRATING MORE AND MORE EFFORT TO INVEST IN RESILIENT INFRASTRUCTURE AND ADAPTATION POLICIES, BUT ADDITIONAL PUBLIC AND PRIVATE FINANCING NEED TO BE MOBILISED.
  7. ONE IMPORTANT CHALLENGE IS TO OVERCOME RESISTANCE TO REFORMS AND TO FIND WAYS TO COMPENSATE LOSERS IN A COST-EFFECTIVE WAY.

WE AT WWW.CONVERSATIONPRIVEE.COM DO BELIEVE IN GREEN GROWTH.

EMBARKING ON A GREEN GROWTH COMPATIBLE DEVELOPMENT PATHWAY HAS A PRICE TAG AND GREEN GROWTH FINANCE NEEDS TO BE SEEN AS AN ECONOMIC CONCERN THAT WARRANTS THE ATTENTION OF NATIONAL MINISTRIES OF FINANCE AND PLANNING.

PHLDUCX