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Oranjestad, July 6, 2012 - Green economy and sustainable development require immediate action says private sector. Short term action is critical for long term investment, cooperation and implementation.

The International Chamber of Commerce (ICC), which represents hundreds of thousands of companies in over 120 countries, released its “Green Economy Roadmap.” The Roadmap sets out 10 conditions needed to drive growth in a resource-constrained world with strong demographic growth.

Among these are:
1. Social, environmental and economic innovation: A green economy is one that is embedded in global markets and balance sheets, and which drives innovation in private and public finance.
2. Collaboration between all sectors of society, business and government.
3. Integrated governance: intra-policy and intra-industry coordination and governance at all levels. Policies that advance economic growth while enhancing environmental protection and social progress, and that are consistent with international trade rules, provide access to finance, promote technology transfer, strengthen capacity and reduces inequality.
4. Balancing short- and long-term strategies: a green economy needs to reconcile the need for short and medium-term pressures/profits with longer-term shared value.
5. Multilateralism. Multilateral approaches across countries and sectors are indispensable in today’s globally connected world.
“The challenges we face today are real, but they don’t have to be intractable,” said Jean-Guy Carrier, Secretary General of ICC. “But business, government and civil society have to accept and commit to fulfilling their shared responsibility – how best to accomplish this is what the ICC roadmap lays out. At the end of the day, we strongly believe in the unique capacity of trade and investment to help create sustainable jobs and to make a greener and fairer economy happen. “

Download the Green Economy Roadmap
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