PAGE informs inclusive green economy transitions through technical advice, analysis and capacity building.
Training Manual for Green Economy Indicators
PAGE launched an introductory training manual on indicators for an inclusive green economy. The manual provides material for a course that introduces participants to the concept of green economy, approaches to measurement, and selection and application of indicators that support policymaking for an inclusive green economy. Policymakers, policy analysts, statisticians and researchers will be equipped to choose IGE indicators relevant to their country contexts, and in line with country specific SDGs.
Reporting on Green Finance in Latin America
Uncovering the progress made and opportunities lying ahead, the report “Latin America Green Finance State of the Market 2019” provides a detailed insight into finance for climate change solutions in the region. It looks at green bond issuance from public entities, as well as issuance from companies operating in climate-aligned sectors, providing examples of instrumental policies and initiatives in Argentina, Brazil, Chile, Colombia, Mexico, Peru and Central America.
Developing an Index for Green Growth
Inspired by the Green Economy Progress Measurement Framework, developed by PAGE in 2017, the Global Green Growth Institute (GGGI) has developed the first benchmarked Green Growth Index through its Green Growth Performance Measurement (GGPM) programme. This provides policymakers with a metric to measure green growth performance to support their decisions in line with the SDGs, and national climate and biodiversity goals. The first edition of the Index launched in October 2019, guided by multidisciplinary experts and developed in consultation with policymakers, ranks 115 countries against 36 indicators. PAGE – through UNEP – was part of the group of experts that provided substantive inputs to the Green Growth Index.
PAGE inspires inclusive green economy action through global and regional events, where stakeholders can come together to share knowledge, exchange ideas and learn best practices from one another.
2019 commenced with the Third PAGE Ministerial Conference, hosted by the South African Department of Environmental Affairs. On 10 and 11 January 2019, Cape Town welcomed ministers, UN heads, entrepreneurs, activists, and policymakers from around the world to focus on what makes a green economy socially inclusive. The Cape Town Action Pathways Towards 2030 summarized key messages that emerged from the discussion and supports countries in advancing their own “just transition” to the 2030 Agenda. On the eve of the conference, PAGE partnered with the Green Growth Knowledge Platform and Green Economy Coalition for a high-level media debate that explored the country’s wealth and related implications for the environment and society.
At the Third Asia Pacific Forum of Ministers and Environmental Authorities in January, PAGE, jointly with the Ministry of Environment of the Republic of Korea, organized the high-level event ‘Making the money flow’ on policy levers and financing vehicles for circular and green economies. The event demonstrated how countries in the Asia Pacific region are already mobilising green finance to tackle environmental challenges and promote sustainable consumption and production patterns underpinning the green economy. It highlighted the potential of PAGE to align national policy and investment planning frameworks and to provide a platform where public policy and private finance come together to advance economies that are circular and green.
The Ministry of Environment, Forests and Climate Change of India, in association with PAGE, hosted an event at the 4th UN Environment Assembly, which celebrated global partnerships as fundamental platforms to break the logic of business as usual and move towards green inclusive economies, leaving no one behind. The event showcased efforts underway in India to address the resource efficiency challenge and explored new pathways to sustainability, including life-cycle approaches to resources, energy, chemicals and waste management. Opening with the official launch of the 2018 PAGE Annual Report, the event highlighted the impact of global partnerships in moving towards greener and more inclusive economies.
In July, seven key players in partnership who are driving the green economy agenda – GGGI, OECD, GIZ, GEC, PEA, GGKP and PAGE – hosted the side event “Fast, Fair, and Green” at the High-Level Political Forum in New York. The event brought together a diverse cross-section of attendees focused on creating green and inclusive economies. With presentations from UN Heads of agencies, CEOs, and Ministers, it served as a platform to inspire leaders at the highest levels of governance, civil society and businesses on key steps in a green economy transition. With the event, the green economy partners launched the “Principles, Priorities, and Pathways” to guide future work as well as the new GGKP Green Industry Platform and Green Finance Platform.
In May, more than 300 global leaders gathered in Peru for the Good Growth Conference, a unique learning and networking event centred around sustainable commodity supply chains in the forests and agricultural sector. The conference highlighted how the demand for sustainable commodities, their production and financing can accelerate progress towards SDGs. At this occasion, PAGE supported a two-day workshop encouraging a select group of journalists to explore solution journalism in the context of climate change and deforestation. Jointly hosted by UNDP’s Green Commodities Programme and the Thompson Reuter Foundation, the journalists were first exposed to key sustainability solutions in major agricultural commodities, then attended the opening sessions of the Conference, with opportunities to interview Ministers, and afterwards journeyed to the Amazon to put solution journalism into practice.
At the UNFCCC COP 25 in December in Madrid, PAGE joined a large group of partners to co-organize an official UN side event on Sustainable Development Goal 8: Decent Work and Economic Growth. Featuring a diverse range of speakers, including Ministers, Members of Parliament, and employer and trade union representatives, the event analysed key features of a fair transition towards a green economy and the nature and scale of expected and ongoing structural transformations. Referring to successful country experiences on just transition planning and policies that involved governments and social partners and international support, it showed how climate action can be a driver for inclusive growth, job creation, human rights and social justice.
The Green Latin America Awards aim to energise the green economy in the region by recognizing projects and sustainable actions implemented in 10 categories inspired by the accomplishments of the SDGs. At its sixth edition, in August in Ecuador, PAGE organized a panel on “The role of the financial system to boost the development of the green economy”, which analysed the current conditions of the financial system and the role of alternative financing mechanisms to promote the green economy and achieve the SDGs. The discussions highlighted the challenges Latin American financial institutions are facing to reach the micro-entrepreneurial and entrepreneurial sectors that are becoming increasingly essential for the emerging green economy in the region.
PAGE strengthens the capacity of governments, institutions, and individuals by providing global and regional training and learning programmes, enabling them to put inclusive green economy principles into practice.
Green Economy Academy
The third Global Academy on the Green Economy held from 14 to 18 October in ILO’s International Training Centre in Turin, gathered over 100 participants from 34 countries, including policymakers from PAGE countries, representatives from civil society, trade unions, business associations, knowledge and research institutes, together with UN agency specialists and funding partners. In a week-long series of panel discussions, knowledge fairs, and training courses, participants shared policy-relevant and action-oriented knowledge on green economy policy and practice. With an additional day dedicated to a PAGE national coordinators workshop, this year’s Academy was particularly successful in initiating South-South and Triangular Cooperation.
Introduction to Sustainable Finance
A new self-paced e-learning course "Introduction to Sustainable Finance" is available free-of-charge through UN CC: Learn. The interactive and practice-oriented course covers the basics of Sustainable Finance, including opportunities, challenges and current developments, utilizing examples of UN-supported initiatives to guide learning. Developed in partnership by PAGE, GIZ and Skandinaviska Enskilda Banken (SEB), the course is suitable for learners from both the public and private sectors, ranging from banking sector employees and investors to policymakers and government officials involved in setting up policy frameworks for sustainable finance. Since its launch in 2019, 3,580 individuals have enrolled in the Sustainable Finance course, with 843 obtaining completion certificates.
Expanding reach via PAGE product translation
Since 2019, the self-paced e-learning course, Introduction to Green Economy has also been made available in Spanish. Following the launch of the English version in 2018, the translation of the course expands the reach of PAGE products to partner countries. A French version will follow in 2020.
In 2019, there were 5,786 enrolments in the English Green Economy course and 2,746 in the Spanish course. A total of 439 individuals completed the English version and 420 completed the Spanish version. In addition, a Spanish version of the guidance note for planning and implementing a national PAGE partnership was produced, ensuring consistency in implementation for Spanish speaking countries.
Green Economy Knowledge Platforms
In July, PAGE and GGKP launched the Green Industry Platform and Green Finance Platform acknowledging the importance of the two sectors in a green economy transition. The new platforms provide users from the financial and private sector easy access to the latest research, data, guidance and tools through 194 country pages specified by region, sector, or cross-cutting themes. The Green Industry Platform is geared towards helping SMEs become more competitive by promoting greener and more profitable businesses. The Green Finance Platform focuses on sustainable finance principles, practices and protocols for banking, investment and insurance. Linked to the platforms, an interactive on-line community space is under development that will provide a medium for policy, industry and finance actors to seamlessly interact as peers and address common challenges and pursue joint opportunities.