Download Looking Ahead: The way forward on Inclusive Green

Inclusive Green Growth Workshop
Summary of discussion
• The workshop was hosted by the Russian Government in Moscow, 7 July.
• This workshop was prepared by OECD and the other IO’s (AfDB, UN, World Bank)
and the co-facilitators of the green growth pillar
• Many G20 members attended the workshop, as well as ten developing country
representatives; Cambodia, Dominican Republic, Ethiopia, Kenya, Moldova,
Mozambique, Philippines, Rwanda, Vietnam, and the Minister of Energy in Sierra
Leone.
• The representatives from developing countries presented many useful
contributions, adding value to the discussions.
Inclusive Green Growth Workshop
Summary of discussion
Discussion highlighted some common starting points and key questions:
• Emphasis on “inclusive”, poverty reduction and quality of growth. Country examples
that this is possible e.g. from Sierra Leone and Cambodia
• Sharing experience on “how to do things differently” and choices about “how to
develop” in a forward looking way
• IGG Toolkit is a useful and living document to build on country experience
• How does IGG fit into national development planning? (Examples raised by Ethiopia,
Rwanda, Mozambique)
• Recognition that a mix of public and ODA financing is needed to leverage private
finance to implement green growth related investments.
• What are the most appropriate financial vehicles and de-risking instruments to mobilize
institutional investors for IGG?
Key challenges include:
o Lack of capacity for domestic policy reform and processes
o Addressing structural change and cluster industries (e.g. Sierra Leone, Vietnam)
o Risk perceptions, policy predictability and access to finance (Vietnam, Rwanda,
Philippines, Moldova)
o Delivering green jobs and human resource skills development (e.g. Mozambique)
Session IV – Looking Ahead: The way forward on Inclusive
Green Growth in the G20
Some common parts of country efforts to advance inclusive green growth:
• Leadership is needed, combined with bottom-up engagement, to customise strategies and
policies to local needs.
• There is no “one size fits all”
• Essential to mainstream green growth into development planning and to raise awareness
through cross-Ministry efforts and engagement with regions, localities and private sector
• Innovative financial approaches that can be scaled up and/or replicated e.g. budgetary
commitments (Ethiopia), use of remittances (Moldova), mix of donor, domestic and private
finance (Philippines, Moldova).
Some key tools presented by LIC representatives
• Greening national development plans and public budgets, use of SEA, land use planning
(e.g. Dominican Republic, Ethiopia, Cambodia, Rwanda)
• Natural resource accounting and valuation (e.g. Mozambique, Dominican Republic,
Cambodia, Rwanda)
• Greening domestic tax systems, use of market finance (e.g. CDM, Vietnam, Ethiopia).
• Policies and measures to mobilise investment, e.g. South African SRI from pension funds in
clean energy infrastructure, FITs in Kenya.
• Assessing labour/employment impacts and targeting skills and human capacity
development (e.g. Mozambique, Sierra Leone, Dominican Republic)
Session IV – Looking Ahead: The way forward on Inclusive
Green Growth in the G20
What can the G20 do?
Timely support for:
• Country level planning, coordination and mainstreaming of green
growth, including enhanced participation of the private sector and
other key stakeholders.
• Regional, South-South and triangular co-operation and lesson sharing
to develop capacity on green growth
• Financing for green growth, including international public development
finance but also domestic public and private sources, support for
domestic funds created by developing countries
• Engaging the institutional investors community to scale up green
investment by recalibrating financial returns to incorporate
development benefits
• Green research co-operation and technology transfer and increased
knowledge sharing and access to information.