Since the industrial revolution, our economies have delivered huge advances in material prosperity. But this progress is increasingly imperilled by the very economic models which made it possible. Our economies are still measured and managed in ways that incentivise overconsumption, damage nature and social bonds, and drive climate change.
Following this, several major institutions working in the field have therefore met several times to share learning and combine efforts. The collaborating institutions have co-constructed a three-part framework to offer a coherent way to get to grips with the complexity of transformation towards greener, more equitable and resilient economies.
This framework enables stakeholders to reflect on progress, challenges and current plans, and to co-create a vision and approach that will work well in their context. It comprises:
- Principles: A set of ‘living’ principles to guide collective action towards inclusive green economies
- Priorities: A set of initial catalytic activities that help to embark on and accelerate the transition
- Pathways: A sketch of the kind of medium- to long-term process needed to make the transition