09 2012 07 - Pursuing green growth may seem a daunting task, but it is achievable if countries tackle political economy constraints, overcome entrenched behaviours and develop the needed financial tools, a World Bank report argues.
The report titled Inclusive Green Growth: The Pathway to Sustainable Development, released in Ha Noi yesterday, says that going green is necessary and actually affordable, debunking the myth the approach is a luxury most countries cannot afford.
"All countries, rich and poor, have opportunities to make their growth green. Green growth is not inherently inclusive but can be designed to be so," the report says.
"It is the only way to reconcile the rapid growth required to bring countries to the level of prosperity they aspire to with the imperative of a better managed environment," emphasised Country Director for the World Bank in Viet Nam Victoria Kwakwa.
Speaking at the green growth seminar to launch the report yesterday, Marianne Fay, chief economist of the bank's Sustainable Development Network said that the key message was that green growth would not be a panacea and "should be seen as a compliment to rather than a substitute for sound economic policies." read more>>>