National context of IGE Flashcards
To green the economy, there is a ‘one size fits all’ for all countries.
True or false.
False: it is specific to each country and relies on development stage.
Define ‘greening’ the economy.
Reducing the negative environmental and social externalities of economic activity by incentivising industries to adopt eco-friendly production patterns.
All sectors have equal greening potential.
True or false?
False: some sectors have higher greening potential than others.
The method of transition to IGE will be different for countries at different development stages.
What should the least developed economies focus on?
Leapfrogging to build up sustainable production in natural / human capital.
Give an example of an LDC leapfrogging as part of their transition to IGE.
Uganda
In 2004 they introduced an organic standard
In 2009 they introduced organic agricultural policy
This promoted access to markets for farmers through value-added production
The method of transition to IGE will be different for countries at different development stages.
What should emerging economies focus on?
Accelerating towards greenness
These countries are already industrialised, so they must green existing industry and raise awareness of sustainable production / consumption to upgrade value chains.
Give an example of an emerging economy accelerating to greenness as part of their transition to IGE.
India
Set a target of achieving 175 gigawatts of renewable energy by 2022
Have invested in large-scale solar and offshore wind
The method of transition to IGE will be different for countries at different development stages.
What should advanced economies focus on?
Leading the decarbonisation of major sectors like energy, transport and green consumption.
Must also facilitate responsible investments.
Give an example of an advanced economy leading decarbonisation as part of their transition to IGE.
They have a national strategy to phase-out fossil fuels.
They are also training residential energy system installers on energy efficiency.