The missing majority

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Brief GEC intro

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)

Colombia fact sheet (OECD) (0)Indonesia road map (GGGI) (0)

The missing majority

IIED

The missing majority