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14 th Meeting of the Mediterranean Commission on Sustainable Development

14 th Meeting of the Mediterranean Commission on Sustainable Development Milocer (Budva), 30 May – 1 June 2011 Moustapha Kamal Gueye United Nations Environment Programme. UNEP Green Economy Report.

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14 th Meeting of the Mediterranean Commission on Sustainable Development

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  1. 14th Meeting of the Mediterranean Commission on Sustainable Development Milocer (Budva), 30 May – 1 June 2011 Moustapha Kamal Gueye United Nations Environment Programme

  2. UNEP Green Economy Report Investing 2% of global GDP into ten key sectors for a transition towards a low-carbon, resource-efficient economy. Key findings Investing in natural capital, resource and energy efficiencycan lead to: Higher rates of GDP growth over time and enhanced wealth Reduced poverty Decent employment

  3. A green economy can create employment Agriculture - over the next decade, shifting to sustainable agriculture could increase global employment by as much as 4% Forests - forest conservation and reforestation could boost formal employment in this sector by 20% by 2050 Transport - improved energy efficiency across all transport modes combined with modal shift would increase employment by about 10% above business-as-usual by 2050 • Energy - expansion of renewables and investments in energy efficiency could generate employment that is 20% higher than business as usual by 2050

  4. Opportunities for green jobs 20.4 million jobs by 2030 in renewable energy Turnover of the Environmental Goods and Services Sector in the EU - Actual: Euros 319 billionin 2008 (2.5%of GDP) Source: Green Jobs Report (UNEP 2008)

  5. Key finding: A green economy stimulates growth, exceeding BAU over time… GDP growth (%)

  6. …while reducing ecological scarcities and environmental risks

  7. Green Economy and Water Under the green investment scenario, all the MDGs for water are achieved in 2015, making a major contribution to poverty and water borne diseases.

  8. Enabling conditions for a green economy Establish sound regulatory frameworks Remove harmful subsidies (e.g. fossil fuels, fisheries) Prioritize green investment Utilize market mechanisms and taxation Build capacity through training and technology transfer

  9. Incentives for Eco-Innovation Incentive for eco-innovation : CLEAR POLICY SIGNAL! Source: OECD (2010), The Invention and Transfer of Environmental Technologies UNEP – GREEN ECONOMY INITIATIVE

  10. Financing the green economy Investment in greening key sectors is growingbut needs further expansion Investments in clean energy were $180-200 bn in 2010, up from $46 bn in 2004 Scope for increasing green investments from international finance institutions and national development banks - investing USD350 bn/yr Need for additional innovative mechanisms and tools Green Climate Fund Payments for Ecosystem Services (e.g. REDD+) Environment, social and governance reporting

  11. China– Solar Water Heaters Economic Benefits Environmental Benefits Social Benefits Industry/ Highly profitable Reduce fossil fuel consumption Reduce risk of CO poisoning, Rheumatoid arthritis Household/ save fuel costs ($50 - $500) Save 348,000 tsce of fossil energy/ year 600,000 employed

  12. Tunisia – Clean Energy

  13. Brazil – Sustainable Cities Sustainable Planning Initiatives UNEP – Green Economy Initiative

  14. Thank You UNEP Green Economy report http://www.unep.org/greeneconomy/GreenEconomyReport/tabid/29846/Default.aspx

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