Global assessment of best practices in green growth reveals pathways for success

Jay Owen Green Prosperity, Reforming Global Finance, SRI/ESG News


Knowledge Update

Issue 2014-5                                                                                         1 July, 2014

The Green Growth Best Practice(GGBP) initiative has published the first comprehensive global assessment of lessons and good practices in green growth planning. It features over 60 case studies from developed and developing countries, providing guidance and examples to policymakers interested in pursuing such policies in their own country, region, or municipality. The report, produced by a team of 75 green growth practitioners from around the world, is the result of a collaborative partnership between the Climate and Development Knowledge Network, the European Climate Foundation and the Global Green Growth Institute. 

About GGKP

The Green Growth Knowledge Platform (GGKP) is a global network of international organizations and experts that identifies and addresses major knowledge gaps in green growth theory and practice. By encouraging widespread collaboration and world-class research, the GGKP offers practitioners and policymakers the policy guidance, good practices, tools, and data necessary to support the transition to a green economy.


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Latest Research

The UNEP Inquiry into the Design of a Sustainable Financial System, has released its first publication “Aligning the Financial System with Sustainable Development”. The publication includes an open invitation to contribute to developing design options for a sustainable financial system. The open invitation sets out the results of the Inquiry’s initial mapping, drawing on insights from the Advisory Council, initial research commissioned, and the work of key partners, particularly the UNEP Finance Initiative. The publication was released at the Finance Symposium held in Nairobi as part of the first United Nations Environment Assembly (UNEA). 

Policies that promote green growth need to be founded on a good understanding of the determinants of green growth and need to be supported with appropriate indicators to monitor progress and gauge results. For this purpose, the OECD has released the book “Green Growth Indicators 2014”. The publication is an update of the 2011 “Towards Green Growth: Monitoring Progress”. It presents the OECD framework for monitoring progress towards green growth and a selection of updated indicators that illustrate the progress that OECD countries have made since the 1990s.  

Climate change development can build prosperity and save lives, suggests a new World Bank and ClimateWorks Foundation report. “Climate-Smart Development: Adding up the benefits of actions that help build prosperity, end poverty and combat climate change” outlines the multiple economic, social, and environmental benefits associated with policies and projects in climate and sustainable development. The report focuses on five large countries – Brazil, China, India, Mexico, and the United States – plus the European Union. It examines the benefits of all six implementing three sets of policies on clean transportation, energy efficiency in industry, and energy efficiency in buildings.

The study “South-South trade in renewable energy: a trade flow analysis of selected environmental goods” released by UNEP, analyses trends and opportunities for trade among developing countries in selected environmental goods.  The aim of the study, which focuses on South-South trade flows, is to assess the contribution renewable energy trade can make to a green economy transition.

WIPO has released a new Global Challenges Report titled “Renewable Energy Technology: Evolution and Policy Implications – Evidence from Patent Literature”. The report analyses the patent landscapes of four climate change mitigation technologies, namely biofuels, solar thermal, solar photovoltaic, and wind energy, to inform policy discussions by providing empirical evidence of innovation trends and technology ownership. 

“The China Green Development Index Report 2012” provides a comprehensive evaluation of green economy developments in China and its importance to the country’s economic development model. This report was launched within the framework of China’s Twelfth Five-year Plan (2011-2015). After revising the measurement system of the Green Development Index 2011, the report measures the green development level of 30 provinces, municipalities and autonomous regions as well as 38 large and medium-sized cities in China.

The paper “What National Governments can do to Accelerate Subnational Action on Climate” prepared for the LEDS-GP by Ecofys highlights some of the key opportunities, barriers and solutions to mitigate climate change at the city and subnational level. It encourages national governments to consider how, through implementing more integrated approaches, they could better engage and support their cities and subnational government counterparts to unlock and accelerate action on climate.

Renewable energy  sources are key to the global transition to a low carbon economy. Yet their reach and growth trajectory is not yet at the scale required to respond effectively to the climate challenge. A new report by the Green Growth Action Alliance, “Unlocking the Power of Renewable Energy: Insights into Stimulating Corporate Investment” focuses on how to unlock the power of clean energy by exploring the conditions needed to stimulate greater private sector investment in renewable energy. 

The Viet Nam National Mekong Committee (VNMC) and the Global Green Growth Institute (GGGI) have produced the report “Unleashing Green Growth in the Mekong Delta: A Multi-stakeholder Approach to Identify Key Policy Options”. The report provides information to capture the link between water and economic growth in the Mekong Delta context and identifies the policy options which would support green growth in the Delta, from a conceptual viewpoint. It also provides an assessment tool which can prioritize green growth options and facilitate preparatory works for green growth policies in the Mekong Delta. 

It is widely acknowledged that introducing a price on carbon represents a crucial precondition for filling the current gap in low-carbon investment. The LSE and Grantham Research Institute on Climate Change and the Environment paper “Beyond carbon pricing: The role of banking and monetary policy in financing the transition to a low-carbon economy” argues that carbon pricing in itself may not be sufficient. In particular, the paper discusses the potential role of monetary policies and macroprudential financial regulation: modifying the incentives and constraints that banks face when deciding their lending strategy.