Featuring: Hon. Dr Mary Goretti Kitutu (Minister for the Environment, Uganda), Kumi Naidoo (Secretary General, Amnesty International), Prof. Cameron Hepburn (Director of the Smith School, Oxford University), Nozipho January-Bardill (Chairperson, UN Global Compact Local Network SA and Non-Executive Director, Anglogold Ashanti, Credit Suisse Securities, and Mercedes Benz SA), and Nozipho Mbanjwa (CNBC Africa Financial Anchor and Fellow of the African Leadership Institute).
Has national ‘wealth’ has been miscalculated for decades? Could some countries be wealthier than previously understood because of their natural and social assets? What will happen to our economies if we do not reverse environmental degradation?
Until recently, a country’s ‘wealth’ has been understood in narrow terms (e.g. GDP). Now Ministries of Finance, national statistical offices, policy units and corporations are starting to account for wealth in rather different terms. For the first time, natural capital and social capital is being quantified alongside productivity. The approach could revolutionise what it means for a country or a business to be wealthy and profitable. It has the potential to overhaul historic divisions between rich and poor countries, or profitable and unprofitable companies, as credit rating agencies and investors shift behaviour.
The Green Growth Knowledge Platform, the Green Economy Coalition, and the Partnership for Action on Green Economy (PAGE) held a High-Level Media Debate on 9 January 2019. The debate spearheaded the Third PAGE Ministerial Conference on "Advancing Inclusive and Sustainable Economies", which took place from 10 – 11 January 2019 in Cape Town, South Africa.
The media partner for this event was CNBC Africa, the continent's largest business television network.
Speakers listed below from left to right.
CNBC Africa Financial Anchor and Fellow of the African Leadership Institute (moderator)
Secretary General, Amnesty International
Chairperson, UN Global Compact Local Network SA and Non-Executive Director, Anglogold Ashanti, Credit Suisse Securities, and Mercedes Benz SA
Prof. Cameron Hepburn
Director of the Smith School, Oxford University
Hon. Dr Mary Goretti Kitutu
Minister for the Environment, Uganda
Coverage of the event including press, blogs, and social media can be found below:
Follow the GGKP on Twitter for updates and live coverage of the High-Level Media debate.