Open main menu

Green growth is a term to describe a path of economic growth that uses natural resources in a sustainable manner. It is used globally to provide an alternative concept to typical industrial economic growth. This path would lead to what is known as a green economy.

Green growth as a policy strategyEdit

The term green growth has been used to describe national or international strategies.

Organizational efforts on green growthEdit

  • UNESCAP: In 2012, the United Nations Economic and Social Commission for Asia and the Pacific released the Low Carbon Green Growth Roadmap for Asia and the Pacific to explore the opportunities that a low carbon green growth path offers to the region. The roadmap articulates five tracks on which to drive the economic system change necessary to pursue low carbon green growth as a new economic development path.[1]
  • OECD: In 2011 the OECD published a strategy towards green growth.[2]
  • UNEP: In 2008, the United Nations Environment Programme (UNEP) led the Green Economy Initiative.[3]
  • World Bank: In 2012, the World Bank published its report "Inclusive Green Growth: The Pathway to Sustainable Development".[4]
  • International Chamber of Commerce (ICC): In 2010, ICC launched the unique global business Task Force on Green Economy resulting in the Green Economy Roadmap, a guide for business, policymakers and society published in 2012.[5][6]

Organizations devoted to green growthEdit

  • Global Green Growth Institute: Founded in 2010 by Korean President Lee Myung-bak and later GGGI was first launched as a think tank in 2010 by Korean President Lee Myung-bak[7] and was later converted into an international treaty-based organization in 2012 at the Rio+20 Summit in Brazil.[8]
  • Green Growth Knowledge Platform: In January 2012, the Global Green Growth Institute, Organisation for Economic Co-operation and Development (OECD), United Nations Environment Programme (UNEP), and World Bank signed a Memorandum of Understanding to formally launch the Green Growth Knowledge Platform (GGKP).[9] The GGKP's mission is to enhance and expand efforts to identify and address major knowledge gaps in green growth theory and practice, and to help countries design and implement policies to move towards a green economy.[10]
  • KAIST Graduate School of Green Growth: Graduate School of Green Growth (GSGG)[11] at Korea Advanced Institute of Science and Technology (KAIST) provides world-class education and research on green business, sustainable finance, and policy through Green Business and Policy Program (MS), Green Business (MS/Ph.D.), Green MBA, and Green Business and Green Finance Track programs. GSGG was ranked 4th in 'Better World MBA' by Corporate Knights in 2015.[12] Established in 2013, GSGG nurtures professionals in green growth to cope with and adapt to climate change.

National green growth effortsEdit

  • South Korea: Green growth has become the national strategy model in South Korea. President Lee Myung Bak embraced a vision of 'Low Carbon, Green Growth' as the core of the country's new vision on the 60th anniversary of the founding of the nation.[13]
  • United States: President Barack Obama took several steps toward green growth. He believes that by investing in the future, energy production will not only reduce the dependency on foreign energy sources but will also create jobs and a 'clean-energy economy'. Obama had a goal of installing 10 gigawatts of renewable projects by 2020, doubling the wind and solar energy production by 2025, and to develop such policies, which will help to shape the nation's green economy.[14] A 2014 report by the Center for American Progress quantified the levels of investment necessary for the US to attain green growth, while meeting the levels of emission reduction spelled out by the Intergovernmental Panel on Climate Change (IPCC).[15] In 2019, Democratic members of Congress introduced the Green New Deal resolution to create an umbrella for future government programs.[16][17]

See alsoEdit


  1. ^ "Archived copy". Archived from the original on 2013-08-03. Retrieved 2013-08-01.CS1 maint: archived copy as title (link)
  2. ^ Green growth and sustainable development - Organisation for Economic Co-operation and Development
  3. ^ "Archived copy". Archived from the original on September 27, 2011. Retrieved 2011-08-30.CS1 maint: archived copy as title (link)
  4. ^ Sustainable Development - Getting to Inclusive Green Growth
  5. ^ ICC Green Economy Taskforce Archived 2013-09-03 at the Wayback Machine
  6. ^ ICC Green Economy Roadmap
  7. ^ "About GGGI: Organizational Overview". Global Green Growth Institute. Archived from the original on 4 June 2015. Retrieved 16 July 2014.
  8. ^ "Green Growth for All: Converting the Global Green Growth Institute". United Nations Conference on Sustainable Development. Archived from the original on 5 September 2015. Retrieved 16 July 2014.
  9. ^ 2012 Annual Conference | Green Growth Knowledge Platform
  10. ^ Pages - About - Green Growth Knowledge Platform
  11. ^ KAIST GSGG
  12. ^ Corporate Knights
  13. ^ "Address by President Lee Myung-bak on the 63rd Anniversary of National Liberation and the 60th Anniversary of the Founding of the Republic of Korea". Cheong Wa Dae. 2008-08-15. Archived from the original on 2011-09-27. Retrieved 2009-06-28.
  14. ^ "Advancing American Energy". The White House. Archived from the original on 2015-04-23. Retrieved 2015-04-25.
  15. ^ Pollin, Robert; et al. (September 18, 2014). "Green Growth: A U.S. Program for Controlling Climate Change and Expanding Job Opportunities". Center for American Progress. Retrieved 2018-11-14.
  16. ^ Whyte, Chelsea (12 February 2019). "Green New Deal proposal includes free higher education and fair pay". The New Scientist. New Scientist Ltd. Retrieved 4 May 2019.
  17. ^ Ocasio-Cortez, Alexandria. "H.R. 109 - Recognizing the duty of the Federal Government to create a Green New Deal" (PDF). Representative Alexandria Ocasio-Cortez (website). Retrieved 4 May 2019.

External linksEdit