Green Economy Roadmap and Ten Conditions for a Transition toward a Green Economy
International Chamber of Commerce, 2012by: International Chamber of Commerce (ICC) These publications by the International Chamber of Commerce (ICC) set out the ICC’s proposed roadmap for the green economy based on 10 conditions that are needed to drive growth in a resource‐constrained world with strong demographic growth. The ICC represents hundreds of thousands of companies in over 120 countries. Some of the key conditions
• Social, environmental and economic innovation: A green economy is one that is embedded in global markets and balance sheets, and which drives innovation in private and public finance.
• Collaboration between all sectors of society, business and government.
• Integrated governance: intra‐policy and intra‐industry coordination and governance at all levels. Policies that advance economic growth while enhancing environmental protection and social progress, and that are consistent with international trade rules, provide access to finance, promote technology transfer, strengthen capacity and reduces inequality.
• Balancing short‐ and long‐term strategies: a green economy needs to reconcile the need for short and medium‐term pressures/profits with longer‐term shared value.
• Multilateralism. Multilateral approaches across countries and sectors are indispensable in today’s globally connected world.
The ICC defines the green economy as “an economy in which economic growth and environmental responsibility work together in a mutually reinforcing fashion while supporting progress on social development.”