The term “Green Growth” is often used in policy discussions, particularly in the context of developing countries. Green Growth is often understood as the pursuit of environmentally sustainable, pro-poor development. It promotes climate-resilient development and makes greater efforts to pursue a low-carbon development path. “Green Growth” defines what other constraints should be considered in the process of growth and development. It is important to highlight that Green Growth is not an end in itself but rather a means to an end—that end being poverty eradication. Accordingly, policymakers in developing countries have asked for guidance on what Green Growth means for them and how it differs from traditional concepts of economic growth and development. They have also requested practical tools to navigate these diverse concepts, particularly with respect to increasing growth as well as increasing efficiency, equity, and sustainability. This chapter aims to improve the framing of Green Growth for low-income countries, first by providing a definition that better reflects what policymakers are asking for, and second, by providing a clearer framework of what those in the development practice community should focus on in the near term to begin to make progress, and what issues are longer-term process issues.

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Financing Green Growth: Sustainable Investments and Climate Finance

  • Wasswa Shafik

摘要

The term “Green Growth” is often used in policy discussions, particularly in the context of developing countries. Green Growth is often understood as the pursuit of environmentally sustainable, pro-poor development. It promotes climate-resilient development and makes greater efforts to pursue a low-carbon development path. “Green Growth” defines what other constraints should be considered in the process of growth and development. It is important to highlight that Green Growth is not an end in itself but rather a means to an end—that end being poverty eradication. Accordingly, policymakers in developing countries have asked for guidance on what Green Growth means for them and how it differs from traditional concepts of economic growth and development. They have also requested practical tools to navigate these diverse concepts, particularly with respect to increasing growth as well as increasing efficiency, equity, and sustainability. This chapter aims to improve the framing of Green Growth for low-income countries, first by providing a definition that better reflects what policymakers are asking for, and second, by providing a clearer framework of what those in the development practice community should focus on in the near term to begin to make progress, and what issues are longer-term process issues.