by: Organisation for Economic Co-operation and Development (OECD)
The ‘Towards Green Growth’ report by the OECD introduces the organisation’s Green Growth Strategy that provides a framework for how countries can achieve economic growth and development while at the same time combating climate change and preventing costly environmental degradation and the inefficient use of resources. The strategy comprises a number of reports, including Towards Green Growth; Towards Green Growth – Monitoring Progress: OECD Indicators; and Tools for Delivering Green Growth.
The strategy provides a ‘lens’ for re‐examining the current economic growth paradigm whilst at the same time offering an actionable policy framework for policy makers in advanced, emerging and developing economies. The OECD states that a return to the ‘business‐as‐usual’ approach as the world economy emerges from the financial crisis would be unwise and indeed unsustainable and would impose human costs and eventually constraints on economic growth and development.
In summary, the strategy states the reasons why a green growth strategy is critical, then provides a framework for green growth and continues with options for promotion of the transition. Similarly to the UNEP Green Economy report, the OECD strategy presents options for measuring progress against green growth and begins to explore delivery mechanisms.
According to the OECD, Green Growth means fostering economic growth and development while ensuring that natural assets continue to provide the resources and environmental services on which our well‐being relies.