Green economy policies catching on, says UNEP

Quarter of the world’s countries are now pursuing green economy plans, shows data released at first meet of Green Economy Coalition

 
By Susan Chacko
Last Updated: Saturday 04 July 2015

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Green economy policies are spreading worldwide at an increasing pace, with more than 65 countries now actively pursuing green economy policies and 48 of them taking steps to develop national green economy plans.

These figures were presented by the United Nations Environment Programme (UNEP) at the Green Economy Coalition's first public annual meeting in London that concludes Tuesday. The meeting is for assessing the status of green economy around the world, and particularly progress towards financial reforms, says a UNEP news report.  

Figures released by the United Nations Environment Programme (UNEP) at the Green Economy Coalition's first public annual meeting show that a quarter of the world’s countries are now pursuing green economy plans. Three new reports to support governments in building greener and more inclusive economies were also unveiled at the meeting. 

The Green Economy Toolkit for Policymakers provides countries with practical guidance on how to formulate and assess policies, measure progress and model future effects of transition. The toolkit consists of three reports, where the guidance manual for green economy policy assessment advises governments on how to set targets, identify policy reform needs, estimate the amount of investment and assess policy impacts. 

“The green economy is a viable approach for countries interested in pursuing inclusive and sustainable growth strategies,” said Sheng Fulai, head of research and partnerships for UNEP’s Economics and Trade Branch. “The new Green Economy Toolkit for Policymakers is intended to better equip countries as they advance in their plans to achieve sustainable development.” 

The UNEP-led Green Economy Initiative was launched in 2008 with the objective to provide the analysis and policy support for investing in green sectors and in greening environmental unfriendly sectors.

 

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