China Joins Alliance for Global Green Growth

8 October 2012

“We are delighted that more countries want to become partners of the 3GF. With the addition of China, Kenya, and Qatar, the Global Green Growth Forum is quickly gaining international stature with its focus on developing concrete ideas on the way forward through cooperation between governments, the private sector and international organizations.” – Minister for Foreign Affairs, Denmark, Villy Søvndal.

Diverse countries – shared interest in green growth

China is investing more than USD 350 billion on energy efficiency measures over the next three and a half years. Last year, China already was the leader in renewable energy investment with a figure of more than USD 52 billion. With China’s firm commitment towards maturing its clean energy sector, China will soon be the world’s biggest source of clean energy technologies. Qatar, as the world’s richest nation per capita, and one of the major natural gas exporters, has become a key nation to bridge our transition from a carbon-intensive to a low-carbon society, and is embracing green growth as a tool for regional and global economic stability. Qatar is also the host of the upcoming Doha Climate Change Conference (COP18) this December.

Kenya, as one of the fastest growing economies in Africa with an annual growth rate of more than 5%, is set to pioneer green growth concepts and set a positive example for its neighbors, bringing much needed political, social and economic stability to the region.

A fast growing market for green products and services

Studies on green growth opportunities from the OECD, UNEP and the World Bank conclude that the economic opportunity in ‘going green’ is worth several trillion dollars between now and 2030. The World Bank Report suggests that USD 1.7 billion of investments in land, water and energy could yield economic returns of around USD 3 trillion per year. Opportunities identified with these studies suggest a combined worldwide potential of USD 860 billion in annual resource savings in 2030.

“Investment in innovation to make the world more sustainable can kick-start the global economy. It is important that governments work hand in hand with the private sector to remove barriers and obstacles to green growth. The 3GF offers a platform for this and I am pleased to see more governments join and embrace sustainable development as part of their economic policies.”- Frans van Houten, Chief Executive Officer Royal Philips Electronics.

Global Green Growth Forum 2012

The Global Green Growth Forum 2012 is meeting in Copenhagen, Denmark on the 8th-9th of October in. The 3GF alliance is crucial because in the current global recession ‘quick fixes’ are politically tempting, however there is a need for long-term sustainable solutions. At the heart of the 3GF project are a number of very concrete strategic public-private partnerships that can contribute to unleashing the potential for growth with long-term sustainability. Green growth at this scale needs the active participation and cooperation of government, the private sector and the general public.

The Forum will provide a platform for expanding and further developing Public Private Partnerships on Bio-based growth, Energy Efficiency, Finance, Green Growth Cities, Sustainable Trade, Water, and Power Systems Transformation. The Conference will also discuss Resource Efficiency and Growth, and how to make that inclusive globally, and will discuss what is needed in terms of technology and green growth and how global ‘mega-partnerships’ can quickly achieve real scale.

3GF is established by the Danish Government as a global public-private partnership, which consists of the governments of Denmark, South Korea, Mexico, China, Kenya, Qatar, ABB, BYD Group, Danfoss, General Electric, Hyundai Motors, McKinsey & Company, Novozymes, Samsung, Siemens, Vestas, OECD, the International Energy Agency (IEA), UN Global Compact and International Finance Corporation (IFC), Climate Policy Initiative and Global Green Growth Institute.

For more information, please see: www.globalgreengrowthforum.com

For further details please contact:

Sus Ulbæk

Ambassador, Global Green Growth

Tel: +45 33 92 18 39

Mob: +45 25 26 75 14

Email: [email protected]

Eva Grambye

Head of the 3GF Secretariat

Tel: +45 33 92 02 68

Mob: +45 41 90 41 28

Email: [email protected]