GE emerged as response to social. Financial and env crisis Rio, green light to GE Paris and SDGs will accelerate that trend Big global orgs have taken the lead – OECD, WB, PAGE – plus new organisations GGGI Now GE action plans emerging at all levels – local, municipal, national and global Big private sector (e.g. renewables, consumer goods companies) but also service providers (e.g. accounting bodies)
Yes, new and additional funds This is just a snap shot of the green bond market Also look at international funds (EC, GGGI, WB, etc.) Though, is worth stressing that it is comparatively slim relative to brown economic financial flows – fossil fuels, resource intensive consumer goods, etc.
So, if green growth is indeed on the top of the policy agenda – nationally and globally – and if it is indeed inclusive then what does it have to say about informal markets.
First took a quick look at the three bigger global reports on GE that have helped to set the agenda. So, yes, informality does feature in all three. References to what
Doesn’t feature in the top 500 words Informality does feature in all three –
In the World Bank’s flagship report – UNEP OECD does better – 10 mentions and, more importantly, those references aren’t automatically couched as a ‘problem’ or ‘obstacle’.
- Informality doesn’t feature once: Vietnam, Barbados, Serbia, South Africa, Serbia, Indonesia, Colombia Or Green Growth Key Findings
- The fact that it is entirely missing from countries such as SA or Vietnam – where the informal economy IS the economy – is worrying.
- In Egypt it is mentioned but largely in the context of ‘cleaning and greening’ – ie.
NOTES Chile National Green Growth Strategy (2) GE Scoping studies (UNEP): Kenya (8), Azerbaijan (1) Egypt (7), Senegal (4), Ghana (4)
What is the status of the ‘green transition’?
• Over 40 national green economy / growth plans
• Big players taking a lead OECD, World Bank, regional
development banks, UN PAGE (UNEP, UNDP, ILO, UNITAR,
UNIDO) + newer organisations e.g. GGGI
• Private sector
Where are the funds coming from?
Source; Green Growth Action
How does informality feature in green growth
How does informality feature in green
• Out of 15 national plans - 6 mention informality
• Those references focus on structure of economy rather than how GG might
impact informal markets
• E.g. Egypt; Kenya
How will people who don’t have a stake
in the ‘brown’ economy have one in a