The Partnership for Action on Green Economy (PAGE) highlighted that two new policies integrating inclusive green economy principles have been approved in Mongolia and Peru. Mongolia and Peru have undertaken long journeys towards sustainability and demonstrated a strong commitment to advance inclusive and sustainable societies where no one is left behind.
The approved “National Competitiveness and Productivity Policy” in Peru aims to increase and strengthen an inclusive and sustainable economic growth. The policy includes nine priorities to boost the competitiveness and productivity of the Peruvian economy by increasing social and economic infrastructures and services, investing on human capital and promoting decent work, improving access to finance, strengthening institutions and advancing sustainability and social inclusion.
Among its nine priorities, the policy calls for environmental sustainability and aims to create green jobs and growth through 1) clean technologies and green industries; 2) circular economy and sound waste management and 3) bio-trade.
Furthermore, the nine priorities will lay the basis for the elaboration of a National Competitiveness and Productivity Plan that will define concrete actions and implementation measures as well provide a monitoring framework and indicators to move from policy to actions.
The National Competitiveness and Productivity Policy is indeed the result of a participatory process that brought together stakeholders from the public, private sector, academia, trade unions, international community and civil society. By bringing all actors together, the policy generated the consensus needed to define the way forward for an economic growth in the medium and long terms that will focus on social inclusion, poverty reduction and prosperity for all.
Another successful example of policy making for sustainability is the adoption of the National Policy in the Construction Sector in Mongolia. This policy represents another step towards sustainability in the country, where appropriate energy efficiency standards and a rating system for green buildings are among the priority areas of Mongolia’s National Green Development Policy (NGDP).
The approval of the new construction policy is a confirmation of Mongolia’s commitment to a sustainable future and a signal of the country’s willingness to implement important economic reforms to advance inclusive green economy.