In response to the global climate and ecological emergency, leading global labour, economic and environment institutions are coming together for the first time to commit to new principles to achieve green and fair economies, today at the United Nations High-Level Political Forum in New York (16 July).
The diverse institutions ― including the OECD, ILO, UNDP, UNEP and the Green Economy Coalition ― are calling for a different approach to governing economies in order to avoid environmental breakdown, one that puts people and nature first.
They are launching a framework for economic reform ― ‘Principles, priorities and pathways for inclusive green economies: Economic transformation to deliver the SDGs’ ― comprising a series of catalytic activities and key principles to guide collective action in diverse contexts.
Few countries are on track to achieve either their national targets for tackling climate change or the Sustainable Development Goals (SDGs). Humanity is facing unprecedented and interrelated challenges, including climate change, biodiversity loss and growing inequality.
“Our policies have to be made with our children’s future in mind. Leaders need to think big and act bigger. This radical transformation demands a profound systemic change, and we are all part of this system.”
Angel Gurría, Secretary-General, OECD
According to the Intergovernmental Panel on Climate Change, countries have only eleven years to prevent the worst impacts of climate change (October 2018). The Intergovernmental Science-Policy Platform on Biodiversity and Ecosystem Services (IPBES) has confirmed that nature is facing an unprecedented decline and one million species are threatened with extinction (April 2019).
The transition to inclusive green economies demands a significant shift in the way our economies are managed, measured and governed. Key steps include recognising the multiple values of nature in economic decision-making; prioritising wellbeing and the equitable distribution of opportunity and outcome; aligning prices, subsides and incentives with the true costs to society; embracing new models of development that enable economic growth without raising resource consumption; and supporting public participation and social dialogue.
The collaborating institutions are:
- Global Green Growth Institute (GGGI)
- Green Economy Coalition
- Green Growth Knowledge Partnership (GGKP)
- International Labour Organisation (ILO)
- Organisation for Economic Co-operation and Development (OECD)
- United Nations Development Programme (UNDP)
- United Nations Environment Programme (UNEP)
- UN Partnership for Action on Green Economy (PAGE)
- UNDP-UNEP Poverty-Environment Action for Sustainable Development Goals (Poverty-Environment Action)
- Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ)
They are inviting other institutions to join their shared mission for green and fair economic transformation.
Quotes from institutional leaders
“Time is running short. We are past pledging and politicking. We are past commitments with little accountability. What’s at stake is life, and society, as the majority of us know it and enjoy it today…. It’s clear that we need to transform the way our economies work, and the way we value the things that we consume. The goal is to break the link between growth and increased resource use and end our throwaway culture”. Joyce Msuya, Deputy Executive Director, UN-Environment
“We can’t have a common future if we leave behind the vulnerable segments of our population, who often stand to be hardest hit by climate change…Our policies have to be made with our children’s future in mind. Leaders need to think big and act bigger. This radical transformation demands a profound systemic change, and we are all part of this system”. Angel Gurría, Secretary-General, OECD
“We need to work across governments, organizations, boundaries and sectors to improve our environment and daily lives… The tasks are too great for one country or organization. So, we need to work together”. Ban Ki-moon, President & Chair, GGGI
“Minor tweaks to our economy are not sufficient to reverse the decline of the natural world or close the widening gap between the richest and the poorest. Together, we have to embark on a new economic pathway – and these principles are the compass for that journey.” Oliver Greenfield, Convenor, Green Economy Coalition.
What’s your take? Comment below or write a response and submit to us your own point of view or reaction here at the red box, below, which links to our submissions portal.
If you believe in the work we are doing here at The Good Men Project, please join us as a Premium Member, today.
All Premium Members get to view The Good Men Project with NO ADS.
A $50 annual membership gives you an all-access pass. You can be a part of every call, group, class, and community.
A $25 annual membership gives you access to one class, one Social Interest group, and our online communities.
A $12 annual membership gives you access to our Friday calls with the publisher, our online community.
Register New Account
Need more info? A complete list of benefits is here.
Photo credit: unsplash.com