This document <i>Inclusive Green Growth: For the Future We Want</i> includes sections on: what green growth is and how it can deliver sustainable development; the elements of successful green growth strategies; integrating green growth into government policies; international cooperation for green growth; measuring well being and progress towards greener growth; and transforming sectors.
Under elements of successful green growth, strategies highlighted include: cost effectiveness; adoption and compliance incentives; ability to cope with uncertainty and provide a clear and credible signal to investors; effectiveness in stimulating innovation and the diffusion of green technologies; and the extent to which instruments can be designed and implemented in a way that facilities international coordination. Governance is also cited as an important issue for consideration in policy design and implementation.
On integrating green growth into government policies, the report highlights mainstreaming green growth into core economic policies. It stresses the need institutional and governance capacity to implement wide-ranging policy reform, an essential condition for greening growth and achieving sustainable development.
For international cooperation for green growth, technology transfer and international research and cooperation are emphasised. This entails ensuring a wide diffusion of green technologies in areas such as energy, transport and waste disposal. The report underlines that OECD's work shows that not all international green technology transfer knowledge diffusion takes place within advanced economies.
Regarding measuring well being and progress towards greener growth, the OECD agenda calls for improved and new statistical measures aimed at filling the gap between standard economic statistics and indicators that have a more direct bearing on people's lives. The section on transforming sectors focuses on food agriculture and fisheries.
Climate change will affect all types of infrastructure, including energy, transport and water. Rising temperatures, increased flood risk and other potential hazards will threaten the reliable and efficient operation of these networks, with potentially large economic and social impacts.
The report aims to examining and documenting the role and significance of various enabling measures that could facilitate a smooth transition to an inclusive green economy in Africa, taking into account the implications of such a transition for the region.
'Inclusive green growth' is no longer just a buzz term. It is shaping donor priorities, influencing national development plans and attracting investment.