High UN officials calling for sustainable economic “far-reaching vision” Reply

During the opening of the Development Dialog on “Macroeconomic Policies for the Future We Want,” United Nations Deputy Secretary-General Jan Eliasson and the President of the General Assembly, Nassir Abdulaziz Al-Nasser, both stressed that future policymaking should be focused on job creation and protection of the environment.

Jan Eliasson called for a “far-reaching vision” and said that it is important to discuss integrated policies that aim at “sustained, inclusive and equitable economic growth.”

Nassir Abdulaziz Al-Nasser then highlighted that it was particularly important to give full consideration to an effective integration of macro-economic policymaking into the development agenda that must be developed after the 2015 term of the Millenium Development Goals effort.

At the end of the gathering, participants agreed an outcome document which called for a wide range of actions, such as beginning the process to establish Sustainable Development Goals.

Link: UN News Centre

Green Economy Coalition surveying the ‘green economy’ and ‘green growth’ landscape after Rio+20 Reply

The Green Economy Coalition (GEC) has produced a paper summarizing the current situation in the growing field of ‘green economy’ and ‘green growth.’ This post-Rio+20 assessment is intended as a working draft for consultation and the GEC welcomes any feedback and insights.

The paper, titled “Surveying the ‘Green Economy’ and ‘Green Growth’ Landscape,” examines the current key players (from international institutions, through governments and the civil society to business) as well as the emerging trends and developments shaping the green economy landscape.

The paper concludes that there has been a rapid shift in the ‘green growth’ and ‘green economy’ agendas with even some mainstream economist and finance industries seeing an opportunity in green growth as a way out of economic stagnation. The paper further highlights that Rio+20 provided a much needed space for discussions on ‘green economy’ and that further UN discussions on this topic are vital for the international policy agenda.

The GEC also proposes that it is “critical for multi-stakeholder groups to work together to define and own the wider understanding of green economy – as one that tackles poverty and inequity and one that protects our natural systems.” It calls on coalitions and alliances to use their collective network, influence and experience to both complement and challenge the emerging agendas.

Link: GEC paper – working draft for consultation

World Bank to provide US$ 100 million loan in support of ‘green’ policy development in India Reply

The Government of Himachal Pradesh (HP), a mountain state in India, has been granted a US$ 100 million development policy loan from the World Bank to move towards an environmentally sustainable model of economic growth.

The loan to “Promote Inclusive Green Growth and Sustainable Development” will support the local government in their efforts to reduce greenhouse gas emissions and adapt to the effects of climate change. The focus of the support program will be on the state’s key economic areas – energy, watershed management, industry and tourism.

Since Himachal Pradesh  is one of the country’s main sources of clean hydropower energy, the program will specifically support the protection of watersheds in the mountainous region and the development of sustainable hydropower.

A second development policy loan is expected to follow, with funding from the Clean Technology Fund (CTF).

Link: World Bank Press Release