Whither Green Economy?
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.