Green Economy Transformation in Cooperation with the Partnership for Action on Green Economy (PAGE) – Synergies between Low-carbon Pathways and Sustainable Development Goals (SDG)
As of: October 2021
Green Economy approaches promote a competitive, environmentally friendly and socially responsible economy through sustainable agriculture, for example, renewable energies and green fiscal policies. Such approaches can contribute significantly to the coherent implementation of NDCs and SDGs. To achieve these goals, the project strengthens the competence of key actors in public institutions, enabling them to use these approaches. To this end, dialogue structures are being supported and existing transformation approaches strengthened at the international level and in the partner countries. The project complements the Partnership for Action on Green Economy (PAGE) and links national efforts with global policy networks. It also supports the Federal German Ministry for the Environment, Nature Conservation and Nuclear Safety (BMU) in its adoption of a strong role in the multilateral and bilateral Inclusive Green Economy (IGE) discussions and in positioning Germany as a pioneer and a partner.
Enhancing low-carbon development by greening the economy: policy dialogue, advisory services, tracking progress
Enhancing low-carbon development by greening the economy in cooperation with the Partnership for Action on Green Economy (PAGE)
State of implementation/results
- The project supported BMU and PAGE in implementing political processes such as the orientation of the third PAGE Ministerial Conference in South Africa in 2019 and the establishment of the PAGE Green Recovery Fund. This further established IGE as a strategy for achieving SDGs and NDCs and strengthened Germany’s role as a global partner.
- To this end, the project promoted the implementation of national IGE approaches in the partner countries. In Uruguay, public sector officials and representatives participated in a long-term series of workshops to anchor IGE within their organisations. With the support of the project, Peru has approved a ‘Green Protocol’ for more sustainability in the financial sector. In South Africa, employees of national and municipal authorities have developed their skills in the areas of circular economy and green bonds in a series of training courses.
- Together with UNEP and the International Monetary Fund (IMF), the project supported the Green Fiscal Policy Network. At international conferences, the network has positioned environmental taxes and the reduction of environmentally harmful subsidies as an important climate finance approach in the international debate. Since 2019, the project has been advising the finance ministries of Costa Rica and Indonesia on the implementation of green fiscal policy.
- The project played a significant role in forming the Partners for Inclusive Green Economy, which aims to pool resources more effectively and thus accelerate global and regional economic transformation. To this end, the partners presented a joint position paper in July 2019 offering guidance for a long-term structural transition. In June 2020, a document detailing the priorities for green recovery from COVID-19 was published.
- To strengthen international knowledge exchange, the project supported a GGKP series of web seminars in 2020 on the topic of ‘Sustainability after COVID-19’. It also teamed up with GFPN to organise a seminar on ‘Fiscal Policies to Green the Recovery’ and a further seminar on green work-places in South Africa and Argentina. In a virtual storytelling process, people from four partner countries shared personal stories of shaping a green economy in their respective environment.