On May 25th at the Green Growth session of the MCM, Ministers welcomed the Green Growth Strategy, which provides OECD countries and developing countries a framework to make more informed decisions about policies that promote economic growth while reducing environmental degradation.
The basis of the Green Growth Strategy is that economic growth, job creation, and environmental protection are not a zero sum game – sustainable use of our natural resources combined with environmental protection can improve the economy. The report sets out innovation, supported by a strong IPR system, as a key to our ability to achieve sustainable growth.
Over the next several years the OECD will use the Green Growth Strategy to produce reports and recommendations that are tailored to specific sectors – including agriculture and energy – as well as regions and individual countries. Members will soon decide whether to incorporate Green Growth considerations into the OECD’s regular economic and environmental reviews.
The Green Growth Strategy provides a good foundation for further discussion on developing and refining green growth policies and tools.