Economic Instruments for Greening Development: Understanding Policy-Design, Practice and Research Needs in Asia ,Policy Brief No. 63-12

By : Workshop Proceeding

Since the landmark United Nations Conference on Environment and Development in Rio de Janeiro in June 1992, the world has witnessed an unprecedented process of global economic growth underpinned by increased consumption and production patterns. The global gross domestic product has increased by roughly 60 percent over the past 20 years. The main challenge now facing humanity is to sustain the process of poverty reduction and economic development without impairing the productivity, diversity and resilience of the natural world. It is in this context that the concept of a ‘green economy' has assumed increased relevance and was adopted as a "key theme" at the Rio+20 Summit held in June 2012. For Asia, projected as the global economic powerhouse of the future and where around 60 percent - including nearly a billion poor people - of the world's population live, the challenges as well as opportunities of greening our economies are perhaps larger than other regions.

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