Recent Developments in Green Growth
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Is green growth the green-washing oxymoron that many sustainability practitioners think? Or is it the holy grail, the goose that lays the golden egg, the potential perpetual prosperity machine for the 21st century?
OECD has been making some impressive advancements in concept and practice that are pushing neoclassical economics towards an ecological-economic reformulation.
Read the current state of affairs in the latest Green Growth Newsletter. Korea is pursuing a low-carbon development strategy. Green Growth indicators are measuring energy and water efficiency, ecosystem services, natural capital, etc. OECD now also analyses countries’ “green” investment policy frameworks in a special chapter of Investment Policy Reviews.
Their work on green growth indicators is advancing the use of ecologial concepts to inform policy that is advancing action. The measurement framework (half way down the page) is a powerful image.
The essence of green growth strategies is the decoupling of the economy from negative environmental impacts, and this is what OECD is pursuing in a promising way.
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