The OECD Green Growth Strategy
Rob Visser Acting Director OECD Environment Directorate
For a stronger, cleaner, fairer world economy 1
Why Green Growth?
Q Recognition that current environmental challenges and resource use pose problems for long-term economic growth
Q Cost of inaction
2
Why Now Green Growth?
Q Global crises (economic, climate, oil, food) have highlighted the need to look for a new growth paradigm
Q OECD Green Growth Declaration (June 2009, Finance Ministers)
Q G8, G20
3 OECD Green Growth Strategy?
Help countries to:
Q Promote economic growth while reducing GHG emissions, pollution and inefficient use of resources, and maintaining biodiversity
Q “Decouple” economic growth and environmental impacts
Q Shift in paradigm (agriculture→ industry→ service→ green)
4 Elements of OECD Green Growth Strategy
Q A policy framework for Green Growth
Q An expanded growth accounting model
Q Toolkit of policies and approaches that countries can use to better balance economic efficiency, environmental effectiveness and social equity
5 Policy Priorities
Q New Growth Accounting Framework
Q Industrial Restructuring
Q Social Equity
6 Growth Framework
Q Include Environmental Capital/Services in Production Accounting
Q Measure of Income to Take into Account Depreciation of Stock of Environmental Capital
Q Quality of Life/Well-Being Considerations
7 Industrial Restructuring
Q Greener Technology
Q Greening Key Sectors – maximising opportunities – Energy - Energy efficiency and renewable energy – Transport – Agriculture – Fisheries – Industries – Tourism 8 Employment
Q Greener Jobs
Q Winners/Losers/Trade Offs
Q Skills Development
Q Labour Market Balance
9 Social Equity
Q Labor and social policies
Q Distributional impacts – Income groups – Skills categories
Q Global Poverty Reduction
10 Ancillary Benefit: Fiscal Consolidation
Q Green Taxes
Q Removal of Environmentally Harmful Subsidies
11 A Tollkit for Reform
Q Internalizing Externalities – Getting the Prices Right
Q Framework Conditions
Q Innovation
Q Development
Q Indicators
12 Getting the Prices Right
Q Taxes, Environmentally harmful subsidies, Emission trading systems
Q Valuation of Ecosystem services
Q Address market failures - regulation
13 Framework Conditions
Q Greener Investment and Policy Framework for Investment
Q Liberalisation of trade of green goods and services (Export credits)
Q Greener Production (MNE Guidelines)
Q Greener Consumption – Information
Q Greener Public Procurement
Q Multilayer Governance
Q International transfer of technology 14
Innovation
Q R&D Support
Q ICT
Q Eco-innovation
Q Technology Transfer and Dissemination
Q Policy recommendations in the OECD Innovation Strategy
15 Development and Green Growth
Q Health Benefits
Q Technology Transfer and IPR
Q Green Protectionism
Q Integrate Green Growth in Development Co-operation
16 Measuring Green Growth
Q Beyond GDP
Q Recource Efficiency
Q Environmental Aspects
Q Environmental Impacts of Consumption
Q Well-being – Stiglitz/Sen Commission
17 OECD Contributions
Q Analysis
Q Policy Framework
Q Toolkit
Q Peer Reviews
Q Best Practices
Q Indicators
18 Involvement Beyond OECD
Q Enhanced Engagement Countries (Brazil, China, India, Indonesia, South Africa)
Q Other Non-Members
Q Stakeholder (business and industry, trade unions, environmental and consumer NGOs
Q IGOs (UNEP, WB, ILO)
19 OECD Horizontal Project
Q All Directorates Involved
Q IEA, NEA, ITF
Q 25 Committees
20 Schedule
Q May 2010 – Interim Report to MCM with Preliminary Analysis
Q May/June 2011 – Final Report on Green Growth Strategy to MCM
21 Conclusion
Q The Green Growth Strategy is not the end, but the beginning of efforts for greening the economic model
Q GreenGrowth@oecd.org
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