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Green growth provides a means by which economic, environmental and social goals can be simultaneously achieved. It presents an opportunity to make existing industries more sustainable while at the same time encouraging new industries and a diversified economy.
Achieving a green and inclusive economy will be critical for tackling climate change, biodiversity loss, and pollution. SMEs will play an indispensable role in achieving this economic transformation due to the large share of global business they represent. Accounting for about 99% of enterprises in OECD countries, SMEs also employ a significant share of people, especially in low-income countries, where they contribute to, on average, 78% of employment compared to 65% in high-income countries.
Due to their large numbers, the very diverse nature of their businesses and their typically small number of employees, the barriers to greening the operations of SMEs are generally more complicated to overcome than those for larger companies.
Created an Event in Natural Capital, Industry and Entrepreneurship
Created a Post in Climate Change, Industry and Entrepreneurship
So far, there has been no way for companies to account for their benefits and costs to society and the environment. According to the Impact-Weighted Accounts Initiative (IWAI) at Harvard Business School, it becomes apparent that many companies are creating environmental costs that exceed their total profit. So, how to measure a company's real impact?
Created a Post in Climate Change, Energy, Industry and Entrepreneurship
Can fossil fuel subsidy reform in emerging economies bring large environmental benefits? Will it affect the number of industrial jobs? Check out this report by OECD on assessing the impact of energy prices on plant-level environmental and economic performance.
Created an Event in Green Recovery from COVID-19, Industry and Entrepreneurship
Created a Post in Industry and Entrepreneurship
Green industry development in China: An index based assessment from perspectives of both current performance and historical effort
WRI has launched a new microsite on #JustTransitions. It highlights initiatives by governments, communities and companies that provide lessons for how workers and communities can benefit from the transition to a zero-carbon economy.
Created an Event in Energy, Climate Change, Industry and Entrepreneurship
Created a Post in Climate Change, Industry and Entrepreneurship, Transportation and Mobility
It Looks Like a Vespa, Rides Like a Vespa, but Doesn’t Smell Like a Vespa - An Irish mechanic in London has developed a kit to transform classic Italian scooters into clean-riding electric machines.
Created an Event in Natural Capital, Climate Change, Industry and Entrepreneurship
Created a Post in Climate Change, Sustainable Finance, Industry and Entrepreneurship
Climate action in Asia - a region that produces more than half of global emissions - is intensifying, and competition among rivals helps. There has been 57% increase in companies setting carbon-cutting targets or are in the process of getting targets approved, between 2019 and 2020.
An interesting article that questions whether the Asian corporates' targets realistic, ambitious or greenwash.