Recalibrating market forces to build sustainable and equitable economies

Jul 17, 2017

New York – As world leaders gather this week to discuss progress towards the ambitious Sustainable Development Goals, one partnership of UN Agencies has an ambitious goal of its own. The Partnership for Action on Green Economy (PAGE) believes that by convening international institutions, governments, the private sector and civil society, it can radically alter the way market forces work to promote sustainable and equitable economies. PAGE aims to spread this message to thought-leaders and policy-makers at a side-event to the High Level Political Forum taking place today, entitled “Recalibrating Market Forces: How Greener and More Inclusive Economies and Finance are Delivering on the Sustainable Development Goals.”

In the aftermath of a G20 summit that marked ideas about shared prosperity and environmental sustainability as cornerstones for a broader global development agenda, the question of how to shape this future has never been so relevant.  Global economic activity increased almost sevenfold between 1950 and 2000, but that increased productivity has come at a cost, with rapid biodiversity loss, increasingly polluted air and waterways and climate disruption indicating to many that a new model for productivity must be found.

Nonetheless, the dual imperatives to protect the earth and spark economic growth are not necessarily at odds with one another. Guy Ryder, Director-General of the International Labour Organization, said “greener economies can be engines of growth, both in advanced and developing economies. They can generate decent green jobs that contribute significantly to climate mitigation and adaptation, but also to poverty eradication and social inclusion.”

Risto Artjoki, State Secretary to the Ministry of Finance of Finland, supports this point, proposing that an “increasing number of Governments and private companies recognize that future will be built on resource-efficient and climate-friendly solutions. In Inclusive Green Economy we do things in a smarter, more cost-efficient and sustainable ways.”

“More and more we are seeing that the choices that are good for profitability are the choices that are good for the planet. When the policy environment is ripe for it, we see that private investors are more than keen to jump on green investment opportunities,” said Simon Zadek, Advisor to the Secretary-General on Financing for the SDGs. “What PAGE really does is help governments to create that policy environment, to give green enterprise, green trade, green jobs a place to flourish, and then investment can come in and really accelerate the progress on the ground.”

Organizers hope that the side-event will help mainstream these ideas even further. “The High Level Political Forum is really the stage where global decision makers and international institutions come together and think about ways we can meet the SDGs. We think the PAGE model is a really good example of how we can help countries at the very beginning of the process, but then it really takes on a momentum of its own,” said Asad Naqvi, Acting Head of PAGE Secretariat.

The side-event focuses on reviewing green development progress with a particular focus on the SDGs in order to demonstrate the innovative ways that green policies already contribute to reaching these world benchmarks. According to Magdy Martínez-Solimán, UN Assistant Secretary-General and Director of UNDP’s Bureau for Policy and Programme Support. “Inclusive green economy approaches are central to advancing the integrated social, economic, and environmental goals of the 2030 agenda and successful implementation of the Paris Agreement.”

Others, such as Rita Schwarzelühr-Sutter, Parliamentary State Secretary of the German Ministry for the Environment agree, adding that, “The SDGs lead us to redefine what economic success means. There are already several CEOs who tell us that the goals are an excellent reference point for their corporate investment strategies. But of course, this can only be a start. We must also ensure that the massive  investments until 2030 estimated at 6 trillion USD per year into energy, transport, water and agriculture systems will be truly sustainable. This will pay off financially and serve our societies in the long-term. PAGE is a unique alliance leading the way for this transition towards sustainable economies.”

The event will include speakers from donor governments, PAGE countries, UN organizations and the private sector and take place at 6:30pm tonight at Scandinavia House. Participants can register through the PAGE website (www.un-page.org/register).

Further Quotations:

Mr. Edgar Gutierrez-Espeleta, President of UN Environment Assembly, stated that "advancing on a path of green economy not only advances economic growth and environmental protection, but also improves our wellbeing and health through the reduction of pollution and waste. Partnerships, such as PAGE, serve a crucial role in promoting a transformative change toward a sustainable and healthier future"

 

NOTES TO EDITORS

About the Partnership for Action on Green Economy

The Partnership for Action on Green Economy (PAGE) was launched in 2013 at the Rio+20 Conference in response to the call to support those countries wishing to embark on greener and more inclusive growth trajectories. PAGE seeks to put sustainability at the heart of economic policies and practices to advance the 2030 Agenda for Sustainable Development and supports nations and regions in reframing economic policies and practices around sustainability to foster economic growth, create income and jobs, reduce poverty and inequality, and strengthen the ecological foundations of their economies. 

PAGE brings together five UN agencies – UN Environment, International Labour Organization, UN Development Programme, UN Industrial Development Organization, and UN Institute for Training and Research – whose mandates, expertise and networks combined can offer integrated and holistic support to countries on inclusive green economy, ensuring coherence and avoiding duplication. PAGE represents a mechanism to coordinate UN action on green economy and to assist countries in achieving and monitoring the emerging Sustainable Development Goals, especially SDG 8: "Promote sustained, inclusive and sustainable economic growth, full and productive employment and decent work for all.” 

For further information:

PAGE Website

Event Page

The High Level Political Forum

For more information and to arrange interviews, please contact:

Tobias Cabani, UN Environment (New York), +1 917-367-3494, cabani@un.org

Sangita Khadka, UNDP, Bureau for Policy and Programme Support (New York),  +1 212 906 5043, sangita.khadka@undp.org

 

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