World Bank, UN, OECD, GGGI to assist countries towards green economy

Four leading global organizations have signed a Memorandum of Understanding (MoU) to create the Green Growth Knowledge Platform – a cutting edge global initiative that will identify and address major knowledge gaps in green growth theory and practice.

The agreement was signed by the Global Green Growth Institute (GGGI), the Organisation for Economic Co-operation and Development (OECD), the United Nations Environment Programme (UNEP), and the World Bank.

This is to provide a new source of information and assistance for governments looking to design and implement green growth policies and move towards a green economy.

In a joint statement issued on January 11, 2012 , the four said “the Green Growth Knowledge Platform will improve local, national, and global economic policy-making around the world by providing rigorous and relevant analysis of the various synergies and tradeoffs between the economy and the environment.”

Adding “It will complement other efforts by emphasizing policy instruments that yield local environmental co-benefits while stimulating growth, providing a compelling set of incentives for governments.”

The signing of the MoU took place on the eve of the inaugural Green Growth Knowledge Platform conference in Mexico.

By Ekow Quandzie