Press Release

COP22 presents an opportunity for global leaders to make green growth a foundational part of national strategies and plans

img_0136Marrakech, Moroccp – November 10, 2016 – On Thursday, November 10th 2016, government officials and ministers, along with representatives from the Global Green Growth Institute (GGGI) participated in a panel event hosted by GGGI and their partner countries. The event identified common themes and challenges, policy options and practical measures for addressing capacity gaps and barriers, and approaches to ensuring capacity to mainstreaming green growth into national, sub-national, and sectoral strategies and plans.

COP22 presents a critical opportunity to advance the green growth agenda. Countries have articulated their commitments through Intended Nationally Determined Contributions (NDCs), outlining their efforts to mitigate climate change and adapt to it. Through the NDCs, countries commonly identify green growth as the major mechanism to deliver their commitments by transforming the global challenge into a national opportunity to grow efficiently while simultaneously reducing poverty.

GGGI, with the support from its partner countries and partner international organizations, launched the Inclusive Green Growth Partnership (IGGP) after the COP21 Paris Agreement. The IGGP initiates the collaborative platform where countries can work together to deliver on their commitments. The platform helps countries to leverage innovative financial solutions to support the fulfillment of their NDCs and Sustainable Development Goals (SDGs). Additionally, this platform provides support in overcoming the policy challenges necessary to mainstream green growth in their planning, financing, and institutional frameworks at the national, subnational, and local levels.

There is a financing gap inhibiting national stakeholders from fully embracing green growth. If we are going to close this gap, we need to demonstrate the business case of green growth through concerted efforts to create more impact on economic development through green growth planning and implementation. The session focused on this idea, through experience and examples of GGGI partner countries Morocco, Mongolia, Philippines, Indonesia, Jordan, and UAE, which are pioneering mainstreaming development policy agendas. Throughout these outstanding examples, determined efforts were made to ensure that green growth actions are geared towards generating positive economic impacts on the grounds in terms of added GDP, job creations, saved resources, and an improved natural environment.

While significant progress has been achieved in mainstreaming green growth, many countries are still experiencing capacity gaps and other barriers in assessing their green growth opportunities, preparing systematic plans, instituting policy framework, mobilizing stakeholder buy-in, and implementing green growth plans. This session addressed these capacity gaps by sharing country experience in addressing these barriers and discussing practical approaches and know-hows for how green growth mainstreaming has been achieved or implemented.

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 https://www.gggi.org and visit us on Facebook and Twitter.

 

Contact Details:

 

Darren Karjama

Head of Communications

Global Green Growth Institute

Tel: +82 (0)10 9530 9995

Darren.karjama@gggi.org