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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Executive Summary

The 2011 Green Growth Strategy: “Green” and “growth” must go hand-in-hand. In 2009, OECD ministers asked the OECD to develop a Green Growth Strategy to help the governments of OECD countries and partner economies alike achieve economic recovery, along with environmentally and socially sustainable growth. The 2011 Green Growth Strategy responded to this mandate: it 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 wellbeing. It recognises that risks to growth continue to rise as traditional growth models negatively affect the physical environment that ultimately underpins human well-being. In addition to the need for greater productivity growth, a growth agenda must take account of the consequences of productivity growth for the supporting physical environment. The need to ensure that growth is inclusive is a further pillar for growth.

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