“International policies that would direct “just 2 percent of global GDP into 10 key sectors would kick-start” the global transition to a more sustainable, ‘Green Economy,’ according to a UN Environmental Program report.
All the elements to enact a transition to a “low-carbon, resource-efficient and socially inclusive global economic model” are here now, and businesses and governments are already promoting and fostering greater investments in 10 key sectors UNEP has singled out: agriculture, energy, buildings, water, forestry, fisheries, manufacturing, waste, tourism and transport.
Investing 2 percent of global GDP in these sectors would not only “shift the global economy on to a more sustainable growth trajectory, but it would maintain or increase growth over time compared to the current business models,” according to UNEP’s “Towards a Green Economy: Pathways to Sustainable Development and Poverty Eradication.”
Investing $100 billion to $300 billion per year in sustainable agriculture between now and 2050, according to UNEP, “could lead to better soil quality and better yields for major crops, representing a 10% increase over the current strategies.”
“The elements of a transition to a Green Economy are clearly emerging across developing and developed countries alike,” UNEP executive director Achim Steiner stated. “There are now some nations going further and faster than others, which is in many ways generating a ‘pull factor’ that, if maintained, may bring others along over the coming months and years.”
Time is Ripe
The time is ripe, the UN points out, as UN Framework Convention on Climate Change (UNFCCC) negotiators, stakeholders and participating observers prepare to convene in Durban, South Africa at the end of the month to try and negotiate an extension or a successor to the Kyoto Protocol.
“With the world looking ahead to the Rio+20 UN Conference on Sustainable Development in June 2012, the UNEP Green Economy report challenges the myth that there is a trade-off between the economy and the environment,” said Secretary-General Ban Ki-moon in a statement issued on the release of the report.
“With smart public policies, governments can grow their economies, generate decent employment and accelerate social progress in a way that keeps humanity’s ecological footprint within the planet’s carrying capacity.” ”