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Briefing Note for AfDB’s Long-Term Strategy - Green Growth: Perspectives for Africa and the AfDB in the 21st Century

04-May-2012

In the international development discourse, Green Growth and the related concept of a Green Economy are gaining increasing attention among decision-makers and development practitioners. Spearheaded by the Organization for Economic Cooperation and Development (OECD) and the United Nations Environment Programme (UNEP), a range of definitions have emerged (Box 1). These definitions generally share the recognition that current economic models are too limited, given the persistence of poverty, social inequalities, pollution and environmental degradation, and the additional challenge of climate change. Similarly to the concept of sustainable development, the Green Growth model calls for a more holistic approach that seeks to maximize synergies between economic, social and environmental objectives, while minimizing trade-offs.

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