As shoppers in New York surged through streets and avenues bedecked with festive offerings, delegates from around the world were summoning up the collective will to make something of the crucial opportunity presented by the Earth Summit in Rio
How can you marry environment and development? Over the past two years, governments and businesses have begun to trumpet ‘green growth’ as one way of boosting economic growth without compromising environmental sustainability.
IIED’s name brings together environment and development — both are essential for sustainability but they are often treated separately. Too often, we get bracketed as an environmental organisation rather than an organisation aiming for development that is consistent with long-term management of natural resources.
Since the recent global financial crises, the phrase ‘green economy’ has appeared liberally in newspaper headlines, and politicians’ and CEOs’ promises. They usually mean ‘low-carbon economy’, the idea of shifting energy and infrastructure towards clean, high-tech systems. Green economy is seen as an answer to financial problems – G20 stimulus packages included ‘green’ components, hoping to improve national competitiveness and create new jobs through green technology, and wean economies off insecure and expensive fossil fuels. And it is seen as a practical way to supplement climate change conventions – you don’t need an international agreement to change economic practices that cause climate change. All very good news for Danish wind farm installers, Japanese hybrid car manufacturers, and Chinese solar panel factories. But what does the green economy mean for the developing world?