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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 a Post in Climate Change, Green Recovery from COVID-19, Industry and Entrepreneurship
"Ngozi Okonjo-Iweala has much loftier goals for the WTO... When asked about the link between climate change and trade, she said that policymakers should consider policies to address the climate implications of the logistics conducting trade—namely, how goods are transported—as well as the carbon-content of traded goods themselves. In particular, she calls for a carbon tax, which she said 'could be seen by finance ministers as another way of bringing in additional revenue whilst encouraging better economic behavior with respect to climate change.'”
Created a Post in Industry and Entrepreneurship
Experiences and Best Practices of Industrial Park Development in the People’s Republic of China
Created a Post in Cities and Urban Development, Climate Change, Industry and Entrepreneurship
Today WRI and NewClimate Institute, in collaboration with ICAT, unveiled a new tool to better recognize the importance of climate action by businesses, regions and cities.
The Climate Action Aggregation Tool enables researchers and policymakers to quantify the impact of region, city and business emission-reduction efforts, evaluate how they complement national policies and determine the combined impact of joining national and subnational climate action. The Excel-based tool guides users in a step-by-step process to determine the scope of their research, compile non-state and subnational data and analyze the findings.
Created a Post in Climate Change, Industry and Entrepreneurship, Water and Sanitation
As the world works towards a green recovery from COVID-19, a new CDP report explores how buyers and suppliers are addressing risks from climate change, deforestation, and water security.
Key findings: - Environmental supply chain risks could cost companies $120 billion in the next 5 years. - Supply chain emissions are 11.4x higher than operational emissions – double previous estimates. - Buyers are increasingly demanding transparency and action from suppliers to tackle environmental impacts in supply chains. - Suppliers cut emissions by 619 mtCO2, but they must now engage their own value chains on climate, deforestation & water risks.
Created an Event in UNIDO Industry Working Group, Industry and Entrepreneurship