Whither Green Econ­omy?

Southasia - - BRIEFING -

Bhutan re­cently held a two-day South Asian re­gional con­sul­ta­tion on Green Econ­omy in Kath­mandu. The con­fer­ence de­cided upon a ma­jor re­search agenda to cre­ate a net­work of com­pat­i­ble in­sti­tu­tions to help the re­gion make a tran­si­tion to­wards green econ­omy.

Par­tic­i­pants from Nepal, Bangladesh, Bhutan, Canada, In­dia, Korea, Mal­dives, Pak­istan and Sri Lanka at­tended the event jointly or­ga­nized by the South Asia Watch on Trade, Economics and En­vi­ron­ment (Saw­tee) and In­ter­na­tional De­vel­op­ment Re­search Cen­tre (IDRC). The Nepalese govern­ment is work­ing to up­grade Nepal from a least de­vel­oped coun­try to a de­vel­op­ing coun­try by 2022. More­over, the govern­ment stresses on the need for un­der­stand­ing how a green econ­omy can sup­port this tran­si­tion process.

The par­tic­i­pants of the con­fer­ence were of the view that the South Asian coun­tries are un­aware of the won­ders which a green econ­omy can bring. They pointed out three ma­jor chal­lenges to sus­tain­able de­vel­op­ment in the re­gion namely; pro­mot­ing so­cial in­clu­sive­ness, man­ag­ing ur­ban tran­si­tion, and build­ing re­silience. The con­fer­ence called for the Nepalese govern­ment to come up with poli­cies to min­i­mize trade-offs be­tween eco­nomic growth and en­vi­ron­men­tal con­ser­vatism. In re­cent times, Nepal has been pur­su­ing a frame­work to im­ple­ment a green econ­omy where its goal to be­come the world’s first or­ganic coun­try has placed the coun­try in in­ter­na­tional lime­light.

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