Principles of the Green Economy


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Oliver Greenfield from the Green Economy Coalition discusses the emerging principles of the Green Economy

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Principles of the Green Economy

  1. 1. ProsperityOpportunityRecoveryOliver Greenfield, ConvenorGreen Economy
  2. 2. 2009 GEC shared analysis:environmental conditions getting worse, poverty persists,inequalities growing, current economic activity not enablingsustainable developmentGEC shared vision: prosperity for all within one planetlimitsGEC Goal:to accelerate the transition to a green, fair andinclusive economy
  3. 3. National dialogues: 9 Principles for a green economy1. It delivers sustainable development2. It delivers equity (Justice Principle)3. It creates genuine prosperity and wellbeing for all (Dignity Principle)4. It helps looks after the natural world5. It is inclusive and participatory in decision making6. It is accountable (The Governance Principle)7. It builds economic, social & environmental resilience (Resilience Principle)8. It delivers sustainable consumption and production9. It invests for the future principles-green-economy-online-consultation
  4. 4. For the green economy coalition a green, fairand inclusive economy looks like this... The big picture of an economy that: 1. helps look after the natural world and... 2. shares economic benefits and opportunities more fairly 5 themes of change.....
  5. 5. 1. Managing natural capitalA green economy is one that invests, protects and restores our ecosystems andbiodiversity in order to secure their services for people today and for futuregenerations We see: jobs, income, security, improved environmental conditions • science determining sustainable levels of resource extraction and ecosystem services • We see new markets in ecosystems services • We see rural jobs in managing natural assets • We see community ownership of natural assets
  6. 6. 2. Investing in peopleA green economy is one that allocates economic benefits and costs fairlyto achieve a more just and equitable society We see: re-skilling, economic inclusion, community investment • The development of a wellbeing society • Social innovation • Local service industries • Community resilience
  7. 7. 3. Greening economic sectorsGreening the brown sectors and growing the green sectorsWe see: innovation opportunity, economic growth and resilience, increased prosperity for all• Sustainable energy for all, sustainable agriculture• Green cities and communities• Improved livelihoods and decent work• Resource efficiencies and improved supply chain confidence
  8. 8. 4. Influencing financial flowsTax, subsidy, public procurement reform, development banks, state banks – creatinginvestment grade frameworks to leverage private finance – investing for the longer termWe see: New growing markets, investor confidence, consistent growth, healthier public finances
  9. 9. 5. Improving governance and measurementredefine progress and good governance to meet environmental and societal needsWe see measuring what matters:•Sustainable development goalssetting objectives for the globalgreen economy•Beyond GDP setting objectivesfor national economics•Corporate report or explainclarifying a companiescontribution to wellbeing andenvironmental health
  10. 10. Prosperity, Opportunity, RecoveryThank you, Oliver Greenfield, ConvenorGreen Economy