HP lakeGGGI and the Energy and Resources Institute (TERI) published 3 project reports on February 03, exploring green growth in India. The project, ‘Initiative on Green Growth and Development in India’, aims at building evidence through rigorous analysis to help formulate policy choices and green growth opportunities at national and sub-national levels.

The reports provide insights and recommendations at the national level and in the states of Punjab and Himachal Pradesh with the aim of propelling them towards green growth and sustainable development. In addition to partnering in the implementation of the project, GGGI India team developed a pre-feasiblity proposal for the Government of Himachal Pradesh (GoHP) to introduce electric buses in the state. The proposal was accepted by the government and the state became the first in the country to successfully secure funds from the Government of India for the introduction of electric buses in public transportation.

The reports are result of the two-year long project helping to understand required climate resilient green growth interventions, which include natural resource management, sustainable energy and inclusive economic development. Each title includes a technical report and a summary brief for policymakers on specific sectors critical to addressing long-term sustainability challenges in India.

GG_Sustainable Development coverGreen Growth and Sustainable Development in India

Technical Report

Policy Brief

 

 

 

 

 

Climate Resilient GG Strats for HPClimate Resilient Green Growth Strategies for Himachal Pradesh: Towards an Inclusive Development Agenda

Technical Report

Policy Brief

 

 

 

 

 
Climate Resilient GG Strats for PunjabClimate Resilient Green Growth Strategy for Punjab: Towards an Inclusive Development Agenda

Technical Report

Policy Brief

green growth and the new industrial revolutionThe green growth transition will be large, system-wide and structural. In other words, a new industrial revolution. According to a new policy brief published on January 26, by the Grantham Research Institute on Climate Change and the Environment at London School of Economics and Political Science, 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 summarizes the main policy implications of a two-year research program, sponsored by the Global Green Growth Institute (GGGI), which aimed to contribute to the growing evidence base.

The research program focused on a number of important aspects of green growth, primarily as related to climate change, namely climate-resilient development, the economics of internalizing the carbon externality via carbon pricing and the impact of green growth policies on jobs and innovation.

Key findings for policy-makers include:

  • Environmental regulation, including climate change policies, are unlikely to harm economic growth and competitiveness unless there are large differences in policy stringency between countries. Conversely, these policies drive innovation in new, high value, clean technologies that have broad application across economic sectors. As a result, environmental regulations can be a source of economic growth and future prosperity.
  • Economic development plans should become more climate-aware.
  • Development planners and adaptation planners need to work more closely together.
  • In order to cushion the impact of economic fluctuations on the carbon price, it is preferable that the policy – whether it is a tax or cap-and-trade – covers as large a group of emitters as possible.
  • Efforts to establish common statistical standards for measuring the number of existing green jobs should be accelerated.
  • The likely labor market impacts of economy-wide green growth should be assessed using an appropriate macroeconomic framework.
  • Strategies for coping with employment losses in the sectors that will suffer from green growth policies need to be developed.

Read the policy brief here.

cropped-2Seoul – January 29, 2016 – The Kingdom of Thailand has become the twenty-sixth member of the Global Green Growth Institute (GGGI) after formally submitting its Instrument of Accession today, following Cabinet Approval by the Thai Government.

Signed by Thailand’s Minister of Foreign Affairs, the Instrument of Accession was delivered to GGGI at the Royal Thai Embassy in Seoul.

“Thailand is dedicated to securing a sustainable model of development, and working with GGGI will help to help to support a transition toward green growth that is inclusive for all Thais,” said H.E. Mr. Sarun Charoensuwan, Ambassador of the Kingdom of Thailand to the Republic of Korea.

GGGI is supporting Thailand to implement the country’s Climate Change Master Plan (2015-2050) and Intended Nationally Determined Contribution commitment, by developing a practical and implementable greenhouse gas reduction roadmap.

“GGGI is pleased to welcome Thailand as its newest member and looks forward to supporting the country to implement green growth that contributes to Thailand’s Sufficient Economy development vision,” said Yvo de Boer, Director-General of GGGI. “Membership will generate opportunities to expand GGGI’s program in Thailand, and will help to share Thailand’s green growth experience with other countries.”

GGGI’s ongoing project work in Thailand is funded by the German Federal Ministry for the Environment, Nature Conservation, Building, and Nuclear Safety.

For more information on GGGI’s engagement in Thailand, visit 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, see http://www.gggi.org and visit us on Facebook and Twitter.

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The Inclusive Green Growth Partnership aims to support developing countries to identify green growth opportunities and investments that promote inclusive, shared prosperity and equitable growth that creates employment and raises the incomes of the poorest.

The Partnership will leverage GGGI’s technical expertise to assist multilateral development banks and funds in identifying green growth opportunities and investments that promote inclusiveness, shared prosperity and equitable growth that creates employment and raises the income of the world’s poorest.

Through the partnership, the GGGI will enhance opportunities for global green investment and financing by working closely with emerging economies and least developed countries to build capacity to develop green capital projects, support efforts to promote readiness for climate finance, and prepare green investment projects that attract private capital.

IMGL3702“The Partnership will support developing countries identify green growth opportunities and investments that promote inclusive, shared prosperity, and equitable growth that creates employment, and raises the income of the poorest” Dr. Susilo Bambang Yudhoyono, President of the GGGI Assembly and Chair of the GGGI Council, and former President of the Republic of Indonesia (2004-2014).

“This partnership will raise the technical capacities of these emerging economies, reduce the barriers for critical green investment and improve the lives of millions of the world’s most marginalized people.” Yvo de Boer, GGGI Director-General

“By exploiting synergies and integrating economic growth, social protection and climate targets under the INDCs and climate adaptation, national green growth policy will have greater promise to maximize its outcomes for climate sustainability and people’s welfare. ” Dr. Shamshad Akhtar, United Nations Under-Secretary-General and ESCAP Executive Secretary

The Partnership, a joint initiative of the Global Green Growth Institute together with the multilateral development banks and the United Nations regional commissions, was launched at the 21st Conference of the Parties (COP21) to the United Nations Framework Convention on Climate Change.

Read the IGGP Launch programme here.

The GGGI Strategic Plan, Accelerating the Transition to a New Model of Growth, adopted in November 2014 by the GGGI Council, shifts GGGI’s focus to least developed countries (LDCs), to working increasingly in Member countries, and to developing bankable projects on the ground. The strategy also reorganizes GGGI’s priorities to focus primarily on issues related to green city development, energy, land-use, and water.

Read the GGGI Strategy here.