Green Economy Concepts and Overview of Internationally Developed Green Economy Assessment Methods. Derek Eaton UNECE Consultant 21 October 2016

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1 Green Economy Concepts and Overview of Internationally Developed Green Economy Assessment Methods Derek Eaton UNECE Consultant 21 October 2016

2 Outline 1. Green Economy concepts 2. Internationally developed assessment methods for a green economy 3. UNEP Green Economy indicators 4. OECD Green Growth indicators 5. UNEP Green Economy Progress Index 6. National initiatives 7. System of Environmental Economic Accounting (SEEA)

3 1. Green Economy results in improved human well being and social equity, while significantly reducing environmental risks and ecological scarcities (UNEP 2011) strategy for achieving sustainable development, with an emphasis on aligning economic with social and environmental policy Multiple sustainability dimensions: climate change + biodiversity, waste management, fisheries and forest resource management

4 Inclusive Green Economy Inclusive Green Growth Equity and social cohesion to advance both sustainability and social equity as functions of a stable and prosperous financial system within the contours of a finite and fragile planet (UNEP) Pathway towards achieving the 2030 Agenda for Sustainable Development

5 Related concepts Inclusive Green Growth Circular Economy minimization of waste through resource efficiency, reusing and recycling Closed loop systems Bioeconomy optimal and sustainable use of renewable biological resources, as materials and bio energy

6 2. Internationally developed assessment methods for a green economy Global initiatives National initiatives Dashboards Composite Indices Footprints Adjusted Economic Measures OECD Green Growth Indicators Green Economy Progress (GEP) Index (UNEP) Ecological Footprint Carbon Footprint Water Footprint Index of Sustainable Economic Welfare Inclusive wealth (UNEP, 2012) Denmark, Germany, Czech Republic, Netherlands, Slovak Republic, Slovenia e.g. China Green Development Index e.g. Switzerland s Environmental Impact Various Natural capital accounts, including WAVES countries

7 3. UNEP Green Economy indicators Policy process of assessing issues, setting targets and goals and monitoring progress Issue identification Policy Formulation Policy Implementation Policy Monitoring and Assessment

8 4. OECD Green Growth indicators

9 1 The environment and resource productivity of the economy Carbon and energy productivity Resource productivity: materials, nutrients, water Multi factor productivity 2 The natural asset base Renewable stocks: water, forest, fish resources Non renewable stock: mineral resources Biodiversity and ecosystems 3 The environmental dimension of quality of life 4 Economic opportunities and policy responses Environmental health and risks Environmental services and amenities Technology and innovation Environmental goods & services International financial flows Prices and transfers Skills and training Regulations and management approaches Socio econmic interest and characteristics of growth Economic growth and structure Productivity and trade Labour marekts, education and incomce Socio demographic patterns

10 5. UNEP Green Economy Progress Index Purposes Compare efforts across countries in key areas of the transition to an inclusive green economy Support the assessment of progress in achieving some of the Sustainable Development Goals (SDGs) Help monitor progress against nationally set targets in priority areas Inspire broader policy support for an inclusive green economy

11 6. National initiatives Applications in the Czech Republic, Denmark, Germany, the Netherlands, Slovakia and Slovenia most indicators proposed in the OECD framework can be met using nationally available statistics Data gaps do remain Eg. environmentally adjusted multifactor productivity, natural resource stocks index and soil resources

12 7. System of Environmental Economic Accounting (SEEA) Standardized framework for integrating data on natural and environmental resources into tables and accounts Satellite accounts to the System of National Accounts (SNA) SEEA Central Framework (CF) Physical resource flows, natural assets and depletion (physical and monetary) Expenditure on environmental protection and resource management SEEA Agriculture, or SEEA AFF

13 Thank you for your attention