Tuesday, June 19, 2012

'Green economy' consultation with developing countries launched

 A consultation with developing countries on green growth  has been launched by the Organisation for Economic Cooperation and Development (OECD— just as these countries have been criticising the UN Conference on Sustainable Development (Rio+20) negotiations for being disproportionately dominated by the idea.  The consultation will comprise high level discussions on a green economy draft document, to begin with. However, the concept of a green economy  has been heavily criticised by some developing countries.  Some feel that because  the phrase has multiple definitions,  the mechanisms proposed for achieving  it including markets and pricing, government subsidies and regulation, government investment, capacity building, and stakeholder partnerships and collaboration — contradicted each other. Link to Green Growth and Developing Countries Consultative Draft report available here.

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