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Transitioning to a Green Economy

Political Economy of Approaches in Small States

image of Transitioning to a Green Economy

While the term ‘green economy’ has been widely used at the international level, very little information exists about what the concept looks like in practice. What are the policies required? What are the challenges of implementation at national level?

This book contains case studies from eight small states that have committed publicly to greening their economies: Botswana, Grenada, Guyana, Jamaica, Mauritius, Nauru, Samoa and Seychelles. It provides insights into the success of various initiatives and highlights how small states themselves are making practical progress on a green economy approach.

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The Political Economy of Transitioning to a Green Economy in Mauritius

Sustainable development is now firmly established as the dominant development paradigm around the world. The growing general scientific consensus on the effects of heavy industrialisation and economic growth on global warming, in particular, is reinforcing the notion that ‘business as usual’ is no longer sustainable. Climate models predict changes in sea levels and severity of storms, and the patterns of rainfall, among others. Such changes will have greater impact on developing countries, and more particularly on small island developing states (SIDS), because of their inherent vulnerability. There is also the realisation that sustainable development is not just an environmental issue: the dire economic, developmental and societal consequences of issues like climate change and environmental degradation puts the economic planners and financial managers at the centre of the debate. As a consequence, low-carbon growth as an alternative to ‘business as usual’ is fast becoming the preferred model for major economies in both developed and developing countries. Its relevance lies in the fact that one of the objectives of low-carbon growth of the green economy is to manage risks posed by global warming and climate change, and to take advantage of the opportunities that they offer in terms of new technology development and greater efficiency in industrial processes. It has now been clearly demonstrated that sustainable development makes economic sense, as more jobs are created and the externalities that traditional models of development generate are limited. Furthermore, it helps create new and decent jobs in new sectors.

English

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