Green economy or greedy economy? What is a green economy? A true green economy would embrace economic justice - the right of poor communities to determine their own path out of poverty, and an end to harmful policies which put profit before people and the environment. It would end our obsession with economic growth and unsustainable consumption and replace these with a focus on how everyone’s needs can be met in a truly sustainable manner. Green economy The green economy is one that results in reducing environmental risks and ecological scarcities. Green economy is an economy or economic development model based on sustainable development and a knowledge of ecological economics. A feature distinguishing it from prior economic regimes is the direct valuation of natural capital and ecological services as having economic value (see The Economics of Ecosystems and Biodiversity and Bank of Natural Capital) and a full cost accounting regime in which costs externalized onto society via ecosystems are reliably traced back to, and accounted for as liabilities of, the entity that does the harm or neglects an asset. For an overview of the developments in international environment policy that led up to the UNEP Green Economy Report, see Runnals (2011).
Memo to Rio+20: 'green economy' doesn't mean monetising nature A lone green tree amid deforested land near Mae Chaem, Thailand. Would ascribing a monetary value to the area have made a difference? Photograph: Barbara Walton/EPA Forget GDP And Start Measuring Inclusive Wealth Brazil and India have paid dearly for their rapid economic growth. By conventional measures, these two countries have only grown richer: Gross domestic product (GDP) per capita rose 34% and 120% respectively between 1990 and 2008. But the countries’ natural wealth has nosedived as their economic activity ballooned. But GDP is not the be all and end all of economic success. There are other ways to measure the progress of a society. One way to think about economies is as the aggregate of three sorts of capital: physical (infrastructure and the means of production), human (skills and education) and natural capital.
‘Green Economy’ - New Disguise for Old Tricks? FLORENCE, May 28, 2012 (IPS) - Though the current global economic and financial crises are undoubtedly devastating much of the world, they present the perfect opportunity for remodeling our economic system, according to participants at the ninth annual Terra Futura (Future Earth) exhibition of ‘good practices’ in social, economic and environmental sustainability held here from May 25-27. "What, how, how much and for whom to produce? Those are the questions we urgently need to answer," said Guido Viale, environmental economist and author of several books on ecological issues. "The crisis offers us a chance to ecologically reconvert the ways we produce and use goods and services, paving the way to reduce our dependency on fossil fuels, to respect biodiversity and to create a safe, low-carbon economic system." "With no binding commitment to energy efficiency for 2020 and no verifiable energy saving targets for EU members, Europe risks (feeding) its addiction to fossil fuels," Frassoni added.
Hermes, Aviva Urge Stock Exchanges on Sustainability Reports Aviva Plc (AV/) and Hermes Asset Management Ltd. are urging stock exchanges to improve the way companies report on sustainability issues, leading calls from investors to introduce common international standards. They’ll be joined by non-governmental groups at a United Nations forum in Rio de Janeiro to debate ways to make the financial industry focus on longer-term concerns such as environmental degradation and energy efficiency. The organizations are seeking to standardize and improve sustainability reports, covering water use to emissions, after different rules emerged on world stock exchanges over the past decade.
Will Rio+20 Spark a Green Revolution? UXBRIDGE, Canada, May 25, 2012 (IPS) - Think of Rio+20 as the hothouse to grow the green ideas and values humanity needs to thrive in the 21st century. No one is expecting, or even wants, a big new international treaty on sustainable development said Manish Bapna, interim president of the World Resources Institute, a global environmental think tank based in Washington, D.C. "The important action will be on the sidelines of the formal negotiations," Bapna told IPS in an interview. Blocs of countries, civil society organisations and representatives of business will meet, create coalitions and make commitments on specific issues and on regional concerns. "There could be some exciting specific commitments coming out of Rio," Bapna said. Perhaps the most important outcome from Rio+20 would be to put to rest the erroneous belief that protecting the environment comes at the cost of economic growth when it is in fact the opposite.
Indigenous Message to Rio+20: Leave Everything Beneath Mother Earth UXBRIDGE, Canada, Jun 12, 2012 (Tierramérica) - Indigenous leaders from all over South America are making their way by foot, canoe and eventually on buses to be part of the Kari-Oca Caravan to Rio de Janeiro, to talk to world leaders at the United Nations Conference on Sustainable Development, Rio+20. "We will be representing thousands of indigenous communities from all over South America," Moi Enomenga, a Waorani leader, told Tierramérica just before he boarded a bus in Quito, Ecuador for the nine-day bus trip to Rio. Other indigenous leaders will join in along the way. The Waorani are an Amazonian indigenous people who live in eastern Ecuador, in an area of oil drilling activity. Rio+20 is meant to serve as an intergovernmental forum for the adoption of solutions to the global crisis of sustainability, manifested in the repeated failure of the globalised economy, a food shortage, energy problems and global environmental woes like climate change and biodiversity loss.
The road to Rio +20: women and the green economy What will Rio+20 mean for the many millions of poor women across the world, struggling with the effects of poverty, climate change, and environmental degradation? Nidhi Tandon, Gender & Development Editorial Advisor and author of the forthcoming UN Women's paper on Rio+20 and the Green Economy, gives her view. The concept of the 'green economy' is a complex one, and the international community has yet to come to a political consensus on its meaning, use, usefulness, ensuing policy implications, or what actually constitutes a green economy. The United Nations Environment Programme (UNEP) believes that to achieve equitable and sustainable development there needs to be a balance between the economy, society, and the environment. 3. Green Economy Conference - Green Economy Group Creating a Green Economy:Pioneering Next Generation Green Companies,Green Projects and Green Jobs The cleantech conference will be held in San Franciscoon October 21st and October 22nd, 2014The Green Economy Awards will also be presentedduring the conference Green Economy Conference 2014 The Green Economy Conference 2014 will be held in San Francisco on October 21st and October 22nd, 2014. Conference registration will open on February 1st, 2014. To suggest a speaker, inquire about sponsorship opportunities, or learn more about the Green Economy Conference 2014, please send an email to email@example.com
Big business gives its Rio+20 recommendations By John Parnell For many, describing what the Rio+20 Summit is trying to achieve is hard enough. Finding actual solutions to achieve them is even harder, as we found out at our Rio+20 Student Workshop. Policymakers heading to Rio, in the meantime are always keen to develop actions, after all, talk is cheap. We all know that business can talk a good game when it comes to environmental protection, green growth and sustainability.