Trade, finance and the green economy

Dmitri Zenghelis contends that, with the right policies and incentives in place and commitments respected, environmental targets are achievable. Developed countries, he says, should demonstrate the advantages of green growth in advance of implementation by developing countries. He places emphasis on good governance and institutions, a competitive market for green technology, and a willingness to cooperate, share and co-finance technology. Further, Zenghelis calls for open trade in environmental goods and services, clear policy frameworks to deliver low-carbon growth and investment incentives, rapid translation of innovation into green product development and a collaborative approach to reducing emissions and carbon pricing.