Definition: Green Growth is a policy focus for the Asia and Pacific region that emphasizes environmentally sustainable economic progress to foster low-carbon, socially inclusive development.
Almost 202 million people were unemployed in 2013 accordingly to the latest Global Employment Trends published by the International Labour Organization. Short term prospects are not bright either. Global unemployment is set to worsen with more than 215 million jobseekers by 2018. Now, how will green growth change this situation where even strong economic growth rates in Africa and elsewhere fail to deliver productive employment able to lift the majority of people out of poverty? What guarantee is there that going green will lead to jobs in higher number and better quality? What is the evidence from research and national experiences? The most straightforward answer to these questions could just be a “yes, but…” Indeed, there is emerging evidence that greener economies may offer better employment outcomes but there are conditions for that to happen.
Green Bonds have been mentioned a number of times at the Forests Asia Summit taking place this week in Jakarta as a mechanism to finance sustainable land use and were described in excited terms at the Abu Dhabi UN Ascent in advance of this year’s UN Climate Summit.
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