Investing 2% of GDP in green activities will trigger growth

Mon, 21/02/11

The UN Environment Programme (UNEP) has released the Green Economy Report at its annual gathering of the world's environment ministers. The ground-breaking study outlines the public policy choices, urgent actions and investments needed to a global 'Green Economy' - one that is low-carbon, resource-efficient and socially-inclusive.

The report challenges the myth that adopting a Green Economy approach means an inevitable trade-off between environmental sustainability and economic growth. It demonstrates, for example, that investing 2% of global GDP across ten key sectors will trigger a new engine of economic growth and provide a net generator of decent jobs. Greater investment in a Green Economy model is also vital for eradicating extreme poverty.

The idea of a Green Economy is fast becoming a key component of mainstream economic discourse. UNEP's Green Economy Report provides the blueprint for a transition to a more efficient and equitable economy that makes better use of natural resources to achieve sustainable growth. The Green Economy will be one of two pillars of the UN sustainable development conference in 2012, known as Rio+20.

Click here to access the full report.

Categories: Finance