Green Economic Development
The CBC’s policy paper presented at the 2011 Commonwealth Business Forum provides private sector proposals to government that will foster green economic growth
and sustainable development.
The transition to a green economy rests on four distinct but inter‐related pillars:
- Properly evaluating Natural Capital and investing in its sustainable management.
- Developing low‐carbon technologies and improving energy management.
- Establishing appropriate, clear and stable market and regulatory conditions.
- Improving governance and private sector involvement.
It also requires the establishment of the right market and regulatory framework to give
certainty to business about returns over the investment cycle and stability against which to assess political and other social risks.
The CBC believes that to realise such change will require a shared understanding between business, government and civil society about what it is that we want from our economies. These outcomes must be anchored by business and government working together to create a roadmap for a green economy. This needs to be a clear transition plan with building blocks, milestones and timeframes and an effective monitoring and verification of results. The road map should be made up of long term structural measures as well as shorter term policy and regulatory measures that will help deliver a green economy.
Tel: +44 (0) 207 0248 200