Towards Green Growth?

Tracking Progress

image of Towards Green Growth?

The 2011 Green Growth Strategy provided initial guidance to governments on how to achieve economic growth and development, while preventing costly environmental damage and inefficient resource use. What progress have countries made in aligning economic and environmental priorities since 2011? This report attempts to evaluate this progress and highlight where there is broad scope to heighten the ambition and effectiveness of green growth policy. It draws lessons from green growth mainstreaming across the OECD’s work programme, notably in terms of how governments can maximise institutional settings to seize economic opportunities surrounding the transition to a green economy, and considers ways to enrich the Green Growth Strategy based on work undertaken since its launch.

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A Framework to align economic and environmental goals

This chapter presents an overview of the 2011 Green Growth Strategy to provide the background to this report. The Green Growth Strategy sets a framework for governments to foster economic growth and development, while ensuring that natural assets continue to provide the resources and environmental services vital to human well-being. The four principle elements of the strategy are presented including: aligning economic and environmental objectives; implementing policy frameworks to price pollution and promote efficient resource use and aligning sector-specific policies with green growth objectives; addressing green growth’s social implications; and implementing mechanisms to evaluate and monitor progress.

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