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FEATURE STORY

Rio+20: The importance of inclusive green growth

May 30, 2012

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Inclusive green growth reduces unnecessary wasting of energy and natural resources

© Dana Smillie / World Bank

STORY HIGHLIGHTS
  • It is far more affordable for countries to act now than to grow dirty and expect to clean up later
  • Green growth strategies may vary from country to country, but always demand efficient planning
  • Governance failures, entrenched behaviors and financing constraints are among the main challenges to inclusive green growth

The world’s current growth patterns are not only unsustainable, they are also deeply inefficient. That is why inclusive green growth is necessary and urgent. It is also far more affordable for countries to act now than to grow dirty and expect to clean up later when growth patterns may be irreversible and will certainly be expensive and socially disruptive to change.

Inclusive green growth increases efficiency by reducing unnecessary wasting of energy and natural resources, improving urban planning to make the best use of public transport and other services, creating multiuse infrastructure, and eliminating fossil fuel subsidies that provide greater benefit to the wealthy and are a costly way to help the poor.


" Green growth isn’t a luxury. It’s a necessity. There are many points of inspiration – Botswana, Costa Rica, the Philippines are all emerging countries that are plotting their way to a sustainable future and embracing data on natural capital. "
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Rachel Kyte

Vice President, Sustainable Development, World Bank

The real challenges to inclusive green growth are governance failures, entrenched behaviors and financing constraints – all of which can be overcome.

At Rio, we would like to see widespread endorsement of and commitment to inclusive green growth. The private sector has a key role to play, as well, in terms of innovative financing and business models that can leader to sustainable growth today and less waste, pollution and energy use tomorrow.

 


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