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Global leaders discuss strategies for a smooth transition to a green economy

Global leaders discuss strategies for a smooth transition to a green economy

Copenhagen, October 8, 2012 – The annual Global Green Growth Forum (3GF) which brings together leaders from government, industry and international organizations has convened today in the Danish capital of Copenhagen, to discuss actionable measures aimed at promoting a series of green growth measures to tackle the world’s current economic growth model which many believe is no longer sustainable.

Established as a Danish initiative in 2011 in collaboration with Korea and Mexico, ministers from countries such as Denmark, Korea, Qatar, China, France, Kenya, Mexico along with executives from Danish and international companies and leaders from UNIDO, the World Bank, regional banks and UNEP will offer solutions that would help ensure a smooth transition to a green economy.

Believing that transitioning to a green economy holds the solution to the world’s most pressing challenges such as depletion of natural resources, climate change, global poverty, the forum will also demonstrate how better collaboration among leading businesses, investors and key public institutions can effectively realize the potential for long-term global green growth.

It is the overwhelming belief that a rapid, large scale industrial transition is indeed needed if global economic growth is to continue while simultaneously reducing greenhouse gas emissions, adapting societies to climate change and promoting a sustainable use of resources. The industrial revolution, as it is often called, to a green economy has the potential to unlock new growth engines, create new jobs and spur global economic growth which will benefit emerging and developing nations while mitigating the risks of climate change.

Underscoring the importance of public-private partnerships, the forum will provide concrete answers to what governments must do to ensure the right incentives for companies and banks to innovate and invest in green growth. Participants will also offer solutions on how to finance the conversion to green and the benefits the conversion of electricity with greater integration of renewable energy in the coal-and oil-based energy system can provide.

UNIDO is a leader in helping developing countries secure resource efficient low carbon growth and the creation of new green jobs as well as helping them move to clean technologies,” said Director General Kandeh Yumkella responding to a question on what his organization is doing to help nations ride the green wave. “Green Industry and the Greening of Industries,” concepts coined by his organization in the last few years, are helping place sustainable industrial development in the context of new global sustainability challenges.

Green Industry means economies striving for a more sustainable pathway of growth, by undertaking green investments and implementing public policy initiatives that encourage environmentally responsible private investments. Greening of Industry is a method to attain sustainable economic growth and promote sustainable economies. It includes policy making, improved industrial production processes and resource-efficient productivity.

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