Green Economy Transformation

Project description

Title: Green Economy Transformation in Cooperation with the Partnership for Action on Green Economy (PAGE) - Synergies between Low-carbon Pathways and Sustainable Development Goals (SDGs)
Commissioned by: German Federal Ministry for the Environment, Nature Conservation and Nuclear Safety (BMU) within the framework of the International Climate Initiative (IKI)
Country: Global
Overall term: 2018 to 2021

GETGrafik

Context

Together, the 2030 Agenda and the Paris Climate Agreement have set out to transform economies and lifestyles around the globe. Many countries are finding the ensuing commitments challenging, creating a great demand for practicable approaches to help implement the agreements. The inclusive and sustainable economic model known as inclusive green economy (IGE) links the goals of the 2030 Agenda (Sustainable Development Goals, SDGs) with the goals of the Paris Climate Agreement (Nationally Determined Contributions, NDCs) in a way that enables both objectives to be positively influenced. IGE was developed by the United Nations Environment Programme (UNEP) in 2008 and has been advanced by the UN Partnership for Action on Green Economy (PAGE) since 2013.

Objective

With the help of green economy approaches, key public sector actors are strengthened in their capacity to implement SDGs and NDCs more coherently. Their experiences are communicated internationally and have a signal effect.

Approach

The project supports ongoing transformation approaches in selected partner countries, which currently include Argentina, Costa Rica, Indonesia, Peru, South Africa and Uruguay. It is linking up national efforts with international networks and promoting partnerships and the exchange of knowledge. In particular, the project focuses on fiscal policy approaches in order to create incentives for a green economy. In the context of the COVID-19 pandemic, the project is also developing green measures for economic recovery.

The project is being executed in collaboration with the UN Environment Programme. Its measures are designed to be practical and are locally embedded. The project is working together with important international IGE networks and initiatives, including PAGE, the Green Growth Knowledge Partnership (GGKP) and the Green Fiscal Policy Network (GFPN). The project also leverages synergies with other global and international projects such as Poverty-Environment Action for SDGs (PEA), an initiative of the UN Development Programme (UNDP) and UNEP.  

Results

  • The project has supported both the German Federal Environment Ministry (BMU) and PAGE with the preparation and rollout of various events, including the third PAGE Ministerial Conference in South Africa in January 2019.
  • Argentina, Peru, Uruguay and South Africa are driving forward national IGE approaches in a step by step process. In Uruguay, a series of workshops empowered public sector officials to pursue specific projects or measures and anchor IGE within their organisations. In South Africa, the project is supporting a work stream on green bonds together with PEA. Thanks to established networks and platforms, such as the Green Growth Knowledge Platform (GGKP), partner countries are able to share their experiences worldwide. 
  • The partnership between UNEP, the International Monetary Fund (IMF) and GIZ within the Green Fiscal Policy Network (GFPN) strengthens the international exchange of knowledge and experience on green fiscal policies. GFPN has been expanded to include new partners such as UNDP, the Organization for Economic Cooperation and Development (OECD), the World Bank’s Climate Action Peer Exchange (CAPE) programme and the Economic Commission for Latin America and the Caribbean (UN ECLAC). At international conferences, the network has helped the international debate to embrace environmental taxes and the reduction of environmentally harmful subsidies as an important source of climate finance. Since 2019, the project has been advising the finance ministries of Costa Rica and Indonesia on the implementation of green fiscal approaches.
  • The project supports exchanges between international institutions in the field of an inclusive green economy, playing a significant role in forming the Partners for Inclusive Green Economy. By enabling stakeholders to pool their resources more effectively, this partnership aims to accelerate economic transformation in countries and regions. To this end, the partners presented a joint position paper in July 2019 offering guidance for an ongoing structural transition.  In June 2020, a document detailing the priorities for green measures to support the recovery of the economy after COVID-19 was published.
  • The project is also working with GGKP on several webinars – the first webinar on an inclusive green economy was held in May 2019 with about 150 participants. A webinar on fossil fuel subsidies was subsequently organised. Moreover, the project supported the GGKP webinar series on ‘Sustainability after COVID-19’. In this context, the webinar ‘Fiscal Policies to Green the Recovery’ was organised in cooperation with the Green Fiscal Policy Network.