- Organization: The World Bank
- Published: May 2012
- Link: http://jlne.ws/IJXP8B
- Greening growth is necessary, efficient, and affordable. It is critical to achieving sustainable development and mostly amounts to good growth policies.
- Obstacles to greening growth are political and behavioral inertia and a lack of financing instruments—not the cost of green policies as commonly thought.
- Green growth should focus on what needs to be done in the next five to 10 years to avoid getting locked into unsustainable paths and to generate immediate, local benefits.
- The way forward requires a blend of economics, political science, and social psychology—smart solutions to tackle political economy constraints, overcome deeply entrenched behaviors and social norms, and develop the needed financing tools.
- There is no single green growth model. Green growth strategies will vary across countries, reflecting local contexts and preferences—but all countries, rich and poor, have opportunities to make their growth greener and more inclusive without slowing it.