Experience from the past decades has shown that growth is a necessary condition for poverty reduction but that it is not sufficient. Growth has too often come at the expense of natural capital, putting development gains at risk, and left unacceptable numbers of people without access to water, sanitation, electricity and all-weather roads.
The World Bank's pursuit of "inclusive green growth" is a recognition that growth must be efficient, clean and resilient to benefit people and the planet over time and across generations. Otherwise, developing countries risk locking themselves into unsustainable and ultimately vulnerable patterns of land and resource use. Consider urban transport for example: Urban populations in developing countries are expected to double from 2 billion to 4 billion people between 2000 and 2030. Efficient city transport and the integration of transport and land use investment and policies will be essential to serve these people's needs without a dramatic increase in accidents, air pollution, congestion and greenhouse gas emissions.
Established in 2011, the Korea Green Growth Partnership strengthens the cooperation between the Government of Korea and the World Bank Group to help developing countries achieve sustainable and inclusive development by developing and sharing practical knowledge around innovative green growth solutions.
Korea is recognized as one of the first countries to embrace green growth as a national development strategy and hosts leading research institutes such as the Korea Research Institute for Human Settlement and the Korea Transport Institute.
In its first operational year, the Korea Green Growth Partnership approved 23 knowledge projects to inform the design and implementation of future World Bank lending projects. These projects deal with wide-ranging challenges such as greening freight transport and logistics in Georgia, techniques for minimizing waste in Latin American municipal landfills, or quantifying trade-offs between water and energy.