The paper provides details on the OECD green growth strategy and focuses on what lessons the aid-for-trade community can learn from this work. The paper reviews the current literature on aid for trade and green growth as well as broader work on green growth and developing countries and the role of development co-operation. It provides an overview of the aid-for-trade flows that support environmental objectives with examples of particular projects. The paper highlights that environmental objectives have long been articulated in aid programmes and that although Official Development Assistance (ODA) is a relatively minor contributor to green growth, its role can be catalytic.
Food exporters are increasingly being asked by retailers to measure and reduce the greenhouse gas (GHG) emissions of their products, and new market requirements have emerged, mainly in the form of standards on ‘product carbon footprinting’ (PCFs). The current policy brief indicates that PCF standards have gained significant traction in the agri-food sector, and they can create new potential opportunities for exporters in the transition to a green economy.
The policy brief introduces the following findings:
In the full recognition of the seriousness of climate change problems, Korea announced a new policy towards greening its economy. In his address marking the 60th anniversary of Korea’s foundation in 2008, President Lee Myung-bak declared ‘Low Carbon Green Growth’ as the country’s new vision to lead the country’s development for the next decades. In 2009, the government announced the ‘National Strategy for Green Growth’ up to 2050, to be gradually implemented through five-year plans.
The national strategy envisages three main objectives: (1) mitigation of climate change and the strengthening of the country’s energy independence, (2) creation of new growth engines, and (3) improvement of the quality of people’s lives and enhancement of Korea’s international status. These goals are pursued by 10 designated policy directions, such as mitigation of greenhouse gas emissions, development of green technologies, creation of a green homeland and others.
The market for environmental services is substantial and growing. This policy brief argues that if well managed, liberalisation of trade in environmental services can provide substantial benefits to the private sector as well as the general public.
The paper clarifies that this would be achieved through enhanced market opportunities, improved health and environmental sustainability, particularly in developing countries.
Findings encompass:
Export restrictions are implemented nowadays with the aim of achieving a number of goals, such as food security, industrial development, environmental protection and natural resource conservation. Nevertheless, the current paper brings about a rethinking of the needs and policy objectives behind such measures.
The document presents the following findings:
- in most cases, export restrictions are implemented as one element of a larger resource management strategy
- most restrictions have been imposed by LDCs and developing countries, which account for a high proportion of natural resources produced worldwide
- rules under the WTO governing the use of export restrictions are less developed than those on the import side
- in some cases, export restrictions have served a role in reducing incentives to produce, and have sometimes exacerbated price spikes and volatility on the global markets that they sought to respond to
The authors indicate that countries may wish in the future to multilaterally negotiate better-adapted disciplines and policies, yet they underline these considerations: