Principles of the Green Economy

ProsperityOpportunityRecovery

Oliver Greenfield, Convenor

Green Economy Coalitionoliver.greenfield@greeneconomycoalition.org

GEC shared vision: prosperity for all within one planet limits

GEC Goal: to accelerate the transition to a green, fair and inclusive economy

2009 GEC shared analysis: environmental conditions getting worse, poverty persists, inequalities growing, current economic activity not enabling sustainable development

National dialogues: 9 Principles for a green economy

http://www.greeneconomycoalition.org/updates/9-principles-green-economy-online-consultation

1. It delivers sustainable development 2. It delivers equity (Justice Principle)3. It creates genuine prosperity and wellbeing for all (Dignity Principle)4. It helps looks after the natural world 5. It is inclusive and participatory in decision making6. It is accountable (The Governance Principle) 7. It builds economic, social & environmental resilience (Resilience Principle)8. It delivers sustainable consumption and production9. It invests for the future

For the green economy coalition a green, fair and inclusive economy looks like this...

The big picture of an economy that:1. helps look

after the natural world and...

2. shares economic benefits and opportunities more fairly

5 themes of change.....

1. Managing natural capitalA green economy is one that invests, protects and restores our ecosystems and biodiversity in order to secure their services for people today and for future generations

We see: jobs, income, security, improved environmental conditions• science determining sustainable levels of resource extraction and

ecosystem services• We see new markets in ecosystems services• We see rural jobs in managing natural assets• We see community ownership of natural assets

2. Investing in people A green economy is one that allocates economic benefits and costs fairly to achieve a more just and equitable society

We see: re-skilling, economic inclusion, community investment• The development of a wellbeing society• Social innovation• Local service industries• Community resilience

3. Greening economic sectorsGreening the brown sectors and growing the green sectorsWe see: innovation opportunity, economic growth and resilience, increased prosperity

for all• Sustainable energy for all, sustainable agriculture• Green cities and communities• Improved livelihoods and decent work• Resource efficiencies and improved supply chain confidence

4. Influencing financial flows Tax, subsidy, public procurement reform, development banks, state banks – creating investment grade frameworks to leverage private finance – investing for the longer term

We see: New growing markets,investor confidence, consistent growth, healthier public finances

5. Improving governance and measurement redefine 'progress' and good governance to meet environmental and societal needsWe see measuring what matters:• Sustainable development goals

setting objectives for the global green economy

• Beyond GDP setting objectives for national economics

• Corporate report or explain clarifying a companies contribution to wellbeing and environmental health

Prosperity, Opportunity, Recovery

Thank you, Oliver Greenfield, ConvenorGreen Economy Coalition

oliver.greenfield@greeneconomycoalition.org