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The Global Green Growth Institute (GGGI) published and presented a special report for the Asian Regional Policy Dialogue (ARPD), which took place on September 7, 2016 during Global Green Growth Week (GGGWeek2016). The Pushing the Envelope on Renewable Energy report assesses why and how some countries within Asia (referred to in this report as Target Countries) have achieved success in attracting RE investment, what are the critical barriers to furthering renewable energy (RE) deployment, and the policy measures and practical interventions that may help to overcome these barriers. The report also highlights how lower technology costs, increased competitiveness of RE, and improved energy storage solutions are making transitioning to RE a reality and a priority.

Estimates show that increasing the global investment in RE will be paramount to achieving the 2°C limit, with figures suggesting a needed RE investment of US$12.1 trillion between now and 2040, almost double the “business as usual” expectation of US$6.9 trillion over the same period. While at the same time, Southeast Asia possesses one of the lowest electrification rates with approximately 20% of its 625 million population living outside of the national grid. Geographical challenges that the Target Countries face further complicate electrification, such as Indonesia and the Philippines having widely dispersed populations across more than 17,000 and 7,000 islands respectively. This report finds that off-grid energy solutions are therefore highly relevant to the remote and rural areas and should be a priority for Target Country governments. To date, however, limited funding options have been available for RE projects and there remains significant potential for designing financing models that can draw in different sources of capital, reduce risk, and achieve scale. To unlock the next phase of growth, Target Countries must look for new ways of enhancing private-sector participation in their respective RE markets.

countriesWhile some Target Countries like China and India are more advanced in terms of their solar and onshore wind capacities, each country has room for growth in RE. Therefore, all Target Countries can benefit from this report in addressing potential impediments to furthering RE deployment. This reports finds that transitioning to RE could yield multiple green growth benefits, such as reducing dependence on energy imports, strengthening energy security, mitigating greenhouse gas (GHG) emissions as committed to in the Paris Agreement, fueling economic growth, reducing air pollution, creating new employment opportunities, reducing health care costs, and enhancing overall human welfare.

The falling costs of RE technologies are “leveling the playing field” with traditional energy generation sources in Asia. The analysis in this report shows that even with oil and gas prices fluctuating at low levels, wind and solar power are equally affordable without subsidy. Further, the cost of these technologies is predicted to continue to decline over the next few decades, while it is unclear whether the same can be said for fossil fuels. The continual decline in RE technology costs is being driven by increasing RE deployment throughout the world, creating economies of scale in manufacturing processes, as well as advancements in the technology itself.

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In this report, the Investment and Policy Solutions Division (IPSD) at GGGI has provided policy tools for countries’ governments, which serves as
a helpful resource for countries creating policies for transitioning towards RE and inclusive green growth. Placing RE at the center of their policy-setting processes will help to meet the targets set by the Sustainable Development Goals, both at the national and international levels.

Read the full report here.

cropped-2Hanoi – September 14, 2016 – The Deutsche Gesellschaft fuer Internationale Zusammenarbeit (GIZ) in Viet Nam and the Global Green Growth Institute (GGGI) signed a Letter of Intent (LOI) today to pursue cooperation and collaboration for sustainable bioenergy development in Viet Nam.

The LOI was signed by Ingmar Stelter, Director of MOIT/GIZ Energy Support Programme, and Adam Ward, GGGI’s Country Representative in Viet Nam, and formalized mutual collaboration and cooperation in the following areas:

  • Development of biomass waste-to-energy provincial planning
  • Development of pre-feasibility studies for bagasse based CHP projects of sugar mills
  • Assisting bankable bioenergy projects to access financing sources
  • Green growth capacity development activities with a focus on energy
  • Knowledge and experience sharing on policy, institutional frameworks and green growth strategy

 

This cooperation falls under the framework of a Memorandum of Understanding signed in 2011 in which GIZ and GGGI committed to establish an active cooperation in combating global climate change and promoting green growth and sustainable development in developing countries.

Since 2008, GIZ has been working with the Ministry of Industry and Trade (MOIT) in Viet Nam to increase the utilization of renewables for electricity production and improve energy efficiency via three major action areas i) development and improvement of the regulatory framework to support the achievement of the strategic energy development targets ii) provision of capacity development to key stakeholders to facilitate renewable energy development iii) foster technology transfer between German and Vietnamese companies.

”This partnership will increase biomass-to-energy, reducing Viet Nam’s emissions from the power sector, the largest current and future emitting sector. This work will be crucial in Viet Nam’s transition to green growth and achievement of their Nationally Determined Contribution,” said Adam Ward.

The designed activities of GIZ align with the priorities of GGGI  to enable developing countries’ transition to a  green growth development path that supports economic growth that is socially inclusive, environmentally sustainable and reduces proverty. The collaboration between GIZ and GGGI on bioenergy is expected to bring synergy, facilitate knowledge sharing and optimization across the two institutions, and consequently enhance quality of the deliverables to MOIT.

Viet Nam has enjoyed rapid economic growth over the past twenty years, bringing about social improvements, but also raising new challenges. Therefore, in 2012 the Government adopted the ambitious Viet Nam National Green Growth Strategy (VNGGS) with a focus on reducing energy consumption and greenhouse gas emissions of the country’s economy and switching to alternative energy.

Collaboration between GIZ and GGGI via this LOI intends to assist the Government of Viet Nam in reaching its biomass energy targets. Tapping Viet Nam’s huge bioenergy potential will help not only reduce the dependency of Viet Nam on conventional energies, reduce carbon emission and environment pollution but also bring economic benefits to farmers who participate in the bioenergy value chain.

About the Global Green Growth Institute (GGGI)

Based in Seoul, GGGI is an intergovernmental organization founded to support and promote green growth. The organization partners with countries to help them build economies that grow strongly, are more efficient and sustainable in the use of natural resources, less carbon intensive, and more resilient to climate change. GGGI works with countries around the world, building their capacity and working collaboratively on green growth policies that can impact the lives of millions. To learn more about GGGI, see http://www.gggi.org and visit us on Facebook and Twitter.

About GIZ in Viet Nam

As a federal enterprise, The Deutsche Gesellschaft fuer Internationale Zusammenarbeit (GIZ) GmbH supports the German Government in achieving its objectives in the field of international cooperation for sustainable development. GIZ has been working in Viet Nam since 1993 and is implementing 25 programmes and projects with a focus on three major priority areas: 1) Vocational Education and Training (TVET); 2) Environmental Policy, Conservation and Sustainable Management of Natural Resources, Biodiversity and Coastal Protection; 3) Energy. To learn more about GIZ, see www.giz.de/viet-nam and visit us on Facebook. To have more information about the GIZ Energy Support Programme, please see www.gizenergy.org.vn and visit us on Facebook or Youtube

MoUJEJU, Rep. of Korea – September 7, 2016 – The Indonesian state owned enterprise, PT Sarana Multi Infrastruktur (Persero) (PT SMI) and the Global Green Growth Institute (GGGI) announced  they will be signing a Memorandum of Understanding (MoU) on September 7th at 17:45 at Jeju International Convention Center. The signing will take place during the Asian Regional Policy Dialogue (ARPD) session, one of the major events of the Global Green Growth Week 2016 (#GGGWeek2016).

PT SMI is an infrastructure financing company that is owned by the Government of Indonesia through the Ministry of Finance. PT SMI has recently started developing renewable energy projects in Indonesia, and this MoU with GGGI represents their first collaboration in this objective. This partnership will serve as a catalyst in accelerating infrastructure development in Indonesia and help the Government to achieve its renewable energy ambitions.

GGGI will support PT SMI by providing technical expertise in evaluating projects in its development pipeline. PT SMI’s leading position in Indonesian infrastructure development will benefit from GGGI’s experience in helping to commercialize utility scale renewable energy projects across 25 developing country markets. As a result of this MoU, GGGI and PT SMI will now jointly identify and evaluate projects that are already in the PT SMI project pipeline. To initiate the much-needed boost in private sector investment, GGGI will provide support in developing these projects towards bankability that will demonstrate success in the renewable energy.

GGGI’s Director-General, Yvo de Boer, said, “PT SMI and GGGI are working together to reduce risks for investors from the private sector and to shape a climate that is conducive to green growth projects. Our goal is to have multiple renewable energy projects from the pipeline at a financial close over the next two to three years.” He also mentioned that GGGI is committed to working in partnership with esteemed institutions such as PT SMI to provide development and design support for renewable energy projects. Darwin T Djajawinata, Director of PT SMI said, “One of the main purposes of PT SMI is to support the government’s infrastructure development agenda through partnerships with private and multilateral financial institutions, which include promoting and developing renewable energy and energy efficiency. PT SMI is enthusiastic about working hand in hand with GGGI in accelerating the development of renewable energy project in Indonesia.”

The Government of Indonesia is committed to increasing the percentage of new and renewable energy in the country’s energy mix. This partnership lays the foundation for providing GGGI’s services in Indonesia and will result in projects that will support the government’s greenhouse gas emission reduction targets as well as its universal electrification goals for improving access to electricity in the most remote areas of the Indonesian archipelago. With a focus on social inclusion being at the foundation of each project, the projects will have a broader impact for all populations, particular those often underserved. Overall, this partnership will be instrumental in helping Indonesia contribute towards meeting the Sustainable Development Goals (SDGs). There are many projects in the pipeline that will be developed and there will be more announcements as this partnership continues.

About the Global Green Growth Institute (GGGI)

Based in Seoul, GGGI is an intergovernmental organization founded to support and promote green growth. The organization partners with countries to help them build economies that grow strongly, are more efficient and sustainable in the use of natural resources, less carbon intensive, and more resilient to climate change. GGGI works with countries around the world, building their capacity and working collaboratively on green growth policies that can impact the lives of millions. To learn more about GGGI, see http://www.gggi.org and visit us on Facebook and Twitter.

About PT Sarana Multi Infrastruktur (Persero) (PT SMI)

PT SMI is an infrastructure financing company based in Jakarta, Indonesia, which was established in 2009, as a State Owned Enterprises (SOE) of the Government of Indonesia through the Minister of Finance Republic of Indonesia. PT SMI plays active role in facilitating infrastructure financing as well as preparing project and serving advisory for infrastructure projects in Indonesia. PT SMI carries the duty of supporting the Government’s infrastructure development agenda through partnerships with private and/or multilateral financial institutions in Public-Private Partnership (PPP) projects. To learn more about PT SMI, visit http://www.ptsmi.co.id/.

Peluncuran-Green-Growth-Program-310816-pras-2JAKARTA – August 31, 2016 – Continuing on their commitment to socially inclusive and environmentally sustainable development through green growth, the Government of Indonesia (GoI) and the Global Green Growth Institute (GGGI) today launched Phase II of the Government of Indonesia-GGGI Green Growth Program (GGP) in Jakarta.

The four-year Program aims to build on the success of Phase I which mainstreamed green growth into Indonesia’s development planning framework through the adoption of a National Green Growth Roadmap and by introducing demand driven investment assessment tools as well as building stakeholder capacities in the critical forest, land-use and energy sectors.

Striving to realize the shared vision of a resilient Indonesia with strong, inclusive, and sustainable growth, Phase II of the Program will focus GoI and GGGI efforts on fostering green investment and related enabling conditions prioritizing energy, special economic zones, forest and land based mitigation.

“Over the next three years green investment is set as a priority in various business sectors, including clean energy, climate resilient infrastructure, sustainable forestry and fisheries, ecotourism, and smart cities,” Bambang Brodjonegoro, Minister for the National Development Planning/Head of National Development Planning Agency (Bappenas). He added that Phase II will contribute to achieving these targets and supports to position Indonesia as a green growth leader in the ASEAN.

Phase II will use a more investment-oriented approach to ensure that key results are achieved through full participation of responsible government agencies and private industries within various sectors at both national and sub-national levels.

“Today’s launch is a testament to the green growth results that have been achieved in Indonesia, and is a strong reaffirmation of stakeholders commitment to secure an inclusive and sustainable future for all in Indonesia,” said Yvo de Boer, Director-General of GGGI.

Phase II will have an investment of US$18.5 million in the form of technical expertise for the government and other stakeholders in Indonesia, fully funded by the government of Norway.

“Many predict that there will be a major shift in global economy by 2030. With this cooperation, we hope to initiate, build and strengthen all components of the country; the government, communities, civil society and the private sector, to support Indonesia’s leading role in making the green transition in the global economy by 2030,” said Stig Traavik, Norwegian Ambassador to Indonesia.

Serving as a trusted advisor, GGGI will continue to support government at all levels to develop and implement cross-sectoral green growth plans, assist relevant government authorities to take a systematic enabling approach to encourage green investment.

Indonesia is a founding member of GGGI which now has 26 member countries. Since 2013, GGGI has been serving as a trusted advisor to the Government of Indonesia, through the collaborative Green Growth Program.

About GGGI

Based in Seoul, GGGI is an intergovernmental organization founded to support and promote green growth. The organization partners with countries to help them build economies that grow strongly, are more efficient and sustainable in the use of natural resources, less carbon intensive, and more resilient to climate change. GGGI works with countries around the world, building their capacity and working collaboratively on green growth policies that can impact the lives of millions. To learn more about GGGI, see http://www.gggi.org and visit us on Facebook and Twitter.

Published on August 16, 2016.

Dear Members of the Global Green Growth Institute,

There are 19 days left until the Global Green Growth Week (#GGGWeek2016), which will be held on Jeju Island, Republic of Korea. Preparation for the five-day event is in full swing and GGGI is gearing up to take advantage of the opportunity to identify practical solutions related to global challenges to sustainable development and strengthen partnerships for green and inclusive growth. As always, if you have any suggestions, comments or questions, please email us at communications@gggi.org.


Global Green Growth Week (#GGGWeek2016)

More than 600 participants, including high-level government officials, heads of multilateral development banks and international development agencies, leaders of private sector companies and representatives from academia and non-governmental organizations are expected to attend #GGGWeek2016 in September. The Week will comprise of over 60 high-level panel discussions on policy, renewable energy, finance, technology and social inclusion.

I would like to highlight three key sessions during the Week and give you an update on recent news and activities of #GGGWeek2016. The Week’s discussion will focus on three major topics: 1) mobilizing finance for climate action and green growth, 2) driving renewable energy and green investments in Asia and 3) improving the livelihoods of and creating a green and inclusive economy for the poor.

 
The Global Green Growth Summit (GGGS) aims to explore ways to unblock the barriers to capital flowing to emerging markets, develop innovative international financial instruments for green growth, strengthen national financing vehicles and build solid project proposals. It is critical to find blended financial models and innovative solutions to mobilize climate finance. In principle, sufficient financial resources from the public and private sectors are available to support developing nations. However, not enough attention has been paid to enhancing the capacity of the system to absorb the capital in ways that are beneficial to the poor in developing countries and acceptable to those that bring the capital. GGGS will identify ways to increase the flow of financing by examining international financing instrument and assessing progress on national financing vehicles.

The Asia Regional Policy Dialogue (ARPD) will examine the success factors and barriers to scaling up the transition from fossil fuel to renewable energy and identify investment and policy options in Asia. The discussions will be tailored to the Asian context, in line with the goal of building consensus among major stakeholders on strategic, actionable solutions to be taken to promote clean energy.

Energy demand is projected to almost double in the Asia and Pacific region by 2030. This rapid rise in demand is a reflection of the dramatic economic growth in countries such as China and India. Countries in Southeast Asia have also been enjoying remarkable economic progress in recent years while solidifying their position as a major driver of global growth in energy demand. Ultimately, transitioning away from fossil fuels to renewable energy will bring health and financial benefits as well as enhance employment opportunities.

The Green Growth Knowledge Platform (GGKP) Annual Conference will examine global challenges and opportunities for inclusive green growth, explore ideas on the climate change and poverty nexus and identify whether economic growth can be inclusive and green. Billions of people have been lifted out of poverty, but the gap between the rich and poor is increasing. Greater emphasis needs to be placed on creating better lives and livelihoods for poor people in society by using green growth policies. Growth in developing countries will continue, yet this growth needs to be green and inclusive.

Click here to learn more about #GGGWeek2016: http://www.gggweek2016.org

#GGGWeek2016 Media Briefing Session

On July 21, GGGI organized a media briefing session to provide an opportunity for journalists, including media partners of #GGGWeek2016, domestic reporters, producers and editors to better understand the key messages and purpose of the Week. H.E. Dr. Susilo Bambang Yudhoyono, President of the GGGI Assembly and Chair of the Council and I outlined the main discussion points, giving them a glimpse into the key sessions lined up for five days in Jeju. The briefing session received good media coverage and journalists wrote and published more than 30 articles about #GGGWeek2016 online and in print media.


Op-Eds and Interviews

http://www.climatechangenews.com/2016/08/09/why-social-inclusion-matters-for-green-growth/


Why social inclusion matters for green growth

By Yvo de Boer and Andrew Norton

Ordinary people in many parts of the developing world are feeling more and more left out. While hundreds of millions have been lifted out of extreme poverty since the 1990s, particularly in places like China and Latin America, many have stayed behind.

The gap between the rich and poor has grown, and is widening. About 20 percent of developing country populations as a whole still live on less than US$1.25 per day —at least one billion people. Lack of income translates directly to lack of access to basic services and resources. According to the United Nations, the poorest children in developing countries are still up to three times more likely to die before their fifth birthday than children of well-off families.

Confidence has been falling in the ability of governments to manage their economies in ways that provide for a prosperous, sustainable, and healthy society. In short, these economies—whether robust or not—are not doing much for ordinary people, and policy is failing to deliver sustainable, so-called “inclusive” prosperity.

http://www.huffingtonpost.com/yvo-de-boer/finance-renewable-energy-_b_11310056.html


THE BLOG
Finance, Renewable Energy And Social Inclusion Are Key To A Sustainable Future

When opening the Climate Summit in Copenhagen, I quote one of my favorite Guyanese creole sayings: wan wan dutty build dam. Put differently, every house must sit on solid foundations and we build it one brick at a time. Many years later, the Paris Climate agreement brought us the international breakthrough many have fought for so hard: near universal action to address climate change and keep global average temperature well below 2 degrees centigrade.

Of course it was the euphoria of the outcome that made the headlines. But the Paris agreement also noted some important points of caution. First that the commitments made in Paris are not enough to achieve the temperature goal, second that early action is imperative and thirdly that the provision of finance, technology and capacity support are essential to enable enhanced pre-2020 action by developing countries. As early as 2018 countries will meet to take stock of efforts taken to meet the long term goal.

If Paris was all about setting the goal(s) and drawing the boundaries of the pitch, the next conference in Marrakesh will be about defining the rules of the game. That is critical if the 2018 stock-taking is to provide the confidence to take next and bolder steps towards achieving the long-term goal. As the Guyanese also say in creole: clath ah easy fuh dutty but hard fuh wash (having achieved a goal, it is difficult to retain it)!

As an organization dedicated to working with its members to achieve a greener model of growth, the Global Green Growth Institute (GGGI) is now doing everything to help countries understand how international climate finance can be made to work for climate action, remove the barriers that prevent investments in renewables, translate climate ambitions into bankable projects, build national finance institutions to support this and ensure that growth is more socially inclusive.

http://www.eco-business.com/opinion/3-ways-to-help-countries-transition-to-sustainable-development/

3 ways to help countries transition to sustainable development

Global Green Growth Institute director-general Yvo de Boer highlights three ways to help countries make the transition to sustainable development and deliver on the Paris Agreement and other global goals.

The 2015 Paris climate change conference was a momentous political outcome as more than 190 nations have committed to take action on climate change by reducing greenhouse gas emissions and becoming more resilient to climate impacts.

Two other notable scenes on the environment and development front in 2015 were the International Conference on Financing for Development in Addis Ababa and the Sustainable Development Summit in New York. These meetings delivered above expectations and overlap with each other as financial resources, technology development and transfer and capacity building and the role of partnerships are acknowledged as critical.

This is the central task of the Global Green Growth Week (#GGGWeek2016) taking place on September 5-9 on Jeju Island, Republic of Korea.

Organized by the Global Green Growth Institute (GGGI), a member-based international organization and its partners, the sessions throughout the five-day event are designed to maximize progress arising from important global meetings. #GGGWeek2016 will outline three ways to help countries make the transition to sustainable development.

http://www.koreatimes.co.kr/www/news/nation/2016/07/116_210004.html

Global Green Growth Week due early September

By Kim Se-jeong

Jeju Island will be the venue for the Global Green Growth Week this September, according to former Indonesian president and current chair of the Global Green Growth Institute (GGGI) council Susilo Bambang Yudhoyono, who encouraged more public and private companies in Korea to join the event.

“2016 is a crucial year to translate global commitments into concrete actions and plans,” said Yudhoyono during a press conference in Seoul, Thursday. “I am confident that the Global Green Growth Week will serve as a platform to mainstream green growth throughout all segments of the world economy,”

The GGGI, founded in 2010, is committed to transferring knowledge on sustainable growth from the developed world to the developing world.

A variety of discussions will be held during the five-day event on Jeju between Sept. 5 and 9.

Visit gggweek2016.org for more information on the event.

skim@ktimes.com

http://www.koreaherald.com/view.php?ud=20160721001016

‘Green growth week’ to promote eco-friendly financing

With financial support being key to fostering eco-friendly growth, the upcoming Global Green Growth Week event in September seeks to provide a link between the developing world and multinational banks, organizers said Thursday.

The Global Green Growth Institute plans to present the first-ever weeklong event on Jeju Island on Sept. 5-9, under the theme of “Maximizing Impact for Inclusive and Sustainable Green Growth.”

http://english.yonhapnews.co.kr/national/2016/07/21/0301000000AEN20160721010400315.html

Politics/Diplomacy

Seoul-based green growth promoter GGGI to hold week-long global forum on Jeju

2016/07/21 18:26
SEOUL, July 21 (Yonhap) — The Global Green Growth Institute (GGGI), the Seoul-based international organization promoting green growth, will hold a week-long gathering of experts and business leaders later this year on Jeju Island to discuss ways to achieve economic growth without causing environmental degradation.

The Global Green Growth Week, set to run from Sept. 5-9 on the southern resort island, will bring together hundreds of government officials, experts and businessmen around the world for a series of meetings designed to discuss how to transition away from fossil fuel-based economic growth in favor of renewable energy-driven growth, especially in developing economies.

pbr@yna.co.kr

Press Release

http://gggi.org/global-green-growth-institute-to-hold-a-five-day-event-in-jeju-in-september/

Global Green Growth Institute to hold a five-day event in Jeju in September

SEOUL – July 11, 2016 – The Global Green Growth Institute (GGGI) and its partners will organize the Global Green Growth Week (GGGWeek2016), on September 5-9, on Jeju Island, Republic of Korea. Under the theme of “Maximizing Impact for Inclusive and Sustainable Green Growth,” GGGWeek2016 will serve to identify practical, innovative solutions to sustainability challenges and strengthen partnerships that deliver growth that is pro-poor, inclusive, and environmentally sustainable. It will highlight four thematic priorities of energy, water, land-use and green cities that are central to achieving strong, inclusive, and sustainable economic growth. The sessions throughout the five-day event are designed to maximize progress arising from important global meetings. 2016 is a crucial year to translate commitments on climate change and development finance into concrete actions and plans.

I look forward to seeing you in Jeju in September!

Best,

Yvo de Boer
Director-General
Global Green Growth Institute

Awash EthiopiaADDIS ABABA – August 24, 2016 – High levels of water vulnerability in Ethiopia’s Awash river basin pose risk to continued economic growth in Ethiopia, according to new report published by Vivid Economics on behalf of the Global Green Growth Institute.

The Awash basin is a critical region of Ethiopian agricultural production, and home to an estimated 15 million people.  However, the economy of the Awash basin is highly exposed to hydrological variability. Despite an overall abundant supply of water, the basin routinely suffers from localized water shortages at specific points in time, and is prone to destructive episodes of flood and drought.

The report, Water resources and extreme events in the Awash basin: economic effects and policy implications, seeks to better understand and quantify this critical economic vulnerability, as well as draw out the implications of this for water management policies.

The study examines scenarios where agricultural production is effected by water scarcity and extreme hydrological events, and calculates the economic impact to Ethiopia’s agricultural sector as well as the knock-on effects of reductions in the supply of agricultural produce in other sectors of the economy.

“Agriculture is the backbone of Ethiopia’s economy, and is a key driver of the country’s continuing development,” notes Robert Mukiza, GGGI Country Representative for Ethiopia. “Ensuring the appropriate water management policies are in place to sustain this economic engine is of critical importance.”

Awash report cover

Click image to view report

The study finds that a protracted drought could reduce GDP in the Awash basin by as much as 20% under current economic conditions.  As Ethiopia’s economy and population grows rapidly in the coming years, this economic vulnerability will become much more severe unless substantial policy changes are enacted to mitigate water vulnerability.

“The high levels of water vulnerability in the Awash basin translates in to a high value for water, and for the need to prioritize investments that will help mitigate water related risks in the basin,” says Oliver Walker of Vivid Economics. “Policies reflect this value by improving water allocation and investment decisions are therefore much needed.”

To mitigate this vulnerability, the report discusses the efforts of the Awash Basin Authority to improve data collection, forecast supply-demand balances, and develop tariff and permitting schemes for water abstraction and wastewater discharges.

While supporting these activities, the report also stresses the importance of quantifying the economic value of water. This can be used to quantify the costs and benefits of different programs and thereby improve decision making over water allocation and investment policies.

The report and its findings will be presented at World Water Week in Stockholm on August 29.

Read more here.

 

About GGGI

Based in Seoul, GGGI is an intergovernmental organization founded to support and promote green growth. The organization partners with countries to help them build economies that grow strongly, are more efficient and sustainable in the use of natural resources, less carbon intensive, and more resilient to climate change. GGGI works with countries around the world, building their capacity and working collaboratively on green growth policies that can impact the lives of millions. To learn more about GGGI, see http://www.gggi.org and visit us on Facebook and Twitter.