Green Economy Transformation and Decarbonization Pathways in the Context of Economic Recovery

The economic and social impacts of the COVID-19 pandemic threaten progress in addressing the climate crisis. In order to promote economic recovery and at the same time strengthen or at least sustain the momentum for decarbonisation, comprehensive policy approaches are needed that combine economic recovery, environmental and social transformation (so-called Inclusive Green Recovery). The Inclusive Green Economy (IGE) concept offers a blueprint for this. The project strengthens the relevant international partnerships and alliances to promote the Inclusive Green Economy (PAGE, GO4SDGs, GGKP, Green Fiscal Policy Network). It also supports the partner countries in the preparation and implementation of policy solutions for the transformation towards an inclusive green economy through targeted technical advice, learning formats and stakeholder consultations, among other things.

Project data

Countries
Argentina, Costa Rica, Indonesia, South Africa
IKI funding
3,749,999.71 €
Duration
03/2022 till 01/2025
Status
open
Implementing organisation
Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) GmbH
Political Partner
  • Department of Forestry, Fisheries and the Environment (DFFE) - South Africa
  • Ministry of Economy - Argentina
  • Ministry of Environment and Energy (MINAE) - Costa Rica
  • Ministry of Environment and Forestry (KLHK) - Indonesia
  • Ministry of Finance - Indonesia

State of implementation/results

  • The project builds on alliances and partnerships established in the predecessor project “Green Economy Transformation in Cooperation with the Partnership for Action on Green Economy (PAGE), GET 3.0“. To further establish Inclusive Green Economy (IGE) as a strategy for economic recovery, the project is promoting the implementation of national IGE approaches in the partner countries. Project activities on sustainable infrastructure and green fiscal policy are supported by the implementation partner UNEP.
  • In Indonesia, the project will collaborate with the Ministry of Environment and Forestry. The cooperation with will focus on biodiversity and adaptation finance.
  • In South Africa, continuing the activities of the previous project, an informal and voluntary green economy multi-stakeholder group (government, academia, civil society, business, finance, international organizations) is supported to help breaking down silos by bringing together diverse skill sets and expertise.
  • In Costa Rica, the project supports the development of a reform proposal for harmful incentives in the agricultural sector. The cooperation with the Ministry of Planning and Economic Policy in Costa Rica focus on identifying and developing instruments for sustainable infrastructure in public investments together with the implementing partner UNEP.
  • In Costa Rica as well as in South Africa, further project activities focus on the topic of financing circular economy solutions.

Latest Update:
02/2024

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