What is Green Growth?
Green Growth is a policy focus for the Asia and Pacific region that emphasizes environmentally sustainable economic progress to foster low-carbon, socially inclusive development.
Where is Green Growth?
Green Growth is a globally relevant approach to sustainable economic growth that was developed in Asia. It is imperative that countries in the Asia and Pacific region continue their economic growth to alleviate poverty and to achieve social progress. However, increased environmental degradation, climate change and diminishing natural resources require an unconventional approach to support the export-driven economic activities of the region.
Why Green Growth?
The Asia and Pacific region has been at the forefront of the 21st century surge in economic growth, a situation driven primarily by exports and which has led to expanded production requirements needed to fuel an ever increasing amount of trade. This has significantly compounded the environmental carrying capacity pressures of many countries in the region. These countries are now shouldering an increasingly greater share of regional and global environmental production-related burdens. Coupled with evolving production patterns, these impacts are driving changes in consumption patterns in these countries and policies are needed to ensure that these developments will be environmentally sustainable. The past axiom of “grow first, clean up later”,
can not apply in a region that has such a limited natural resource base and a rapidly growing population directly dependent on natural resources. In light of the recent fuel, food and financial crisis is now imperative for countries in the region to reassess their development paths.