The green growth transition will be large, system-wide and structural. In other words, a new industrial revolution. This will require new green growth policies that foster economic growth and development while ensuring that natural assets continue to provide the resources and environmental services on which our well-being relies (OECD, 2011). More and better evidence is needed to support the design of effective green growth policies and to understand their impact on the economy. This policy brief summarises the main policy implications of a two-year research programme, sponsored by the Global Green Growth Institute (GGGI), which aimed to contribute to the growing evidence base.
Low income countries (LICs) require very large investments if they are to move to a trajectory of inclusive green growth.
‘Green economy’ and ‘green growth’ policymaking is moving to the centre of many national development strategies.
The developing world is experiencing substantial environmental change, and climate change is likely to accelerate these processes in the coming decades.
The paper explores the concept of ‘green growth’ as it has emerged in international policy discourse over recent years. Identifying the core meaning of the concept and sister terms such as ‘green economy’, it relates green growth to the prior concept of sustainable development.