July 19, 2011

UNEP Report Identifies Enforcement As Enabling Condition to Green Economic Growth

Filed under: UN System — Tags: — inece @ 4:06 pm

UNEP’s new Green Economy Report demonstrates that the greening of economies is not generally a drag on growth but rather a new engine of growth; that it is a net generator of decent jobs, and that it is also a vital strategy for the elimination of persistent poverty.

The report finds, among other “enabling conditions,” that:

…a robust regulatory framework at the national level, as well as the effective enforcement of legislation, can be a potent means of driving green investment. Such a framework reduces regulatory and business risks, and increases the confidence of investors and markets. The use of regulations is often necessary to address the most harmful forms of unsustainable behaviour, either by creating minimum standards or prohibiting certain activities entirely. In particular, standards can be effective in promoting markets for sustainable goods and services, and can induce efficiency and stimulate innovation, which can have a positive effect on competitiveness. Standards may, however, pose a challenge to market access for small- and medium-sized enterprises, particularly from developing countries. It is therefore crucial for countries to balance environmental protection through the use of standards and other regulations with safeguarding market access.

The full report, along with a synthesis for policymakers and a summary of conclusions, is available through the UNEP web site at http://www.unep.org/greeneconomy/GreenEconomyReport/tabid/29846/Default.aspx.

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