A Green Growth Path to a Global Green Economy

State of Green
"> Dan Howis Lauritsen
Communication Manager
State of Green
Phone +45 22 49 65 10
"> By Dan Howis Lauritsen
Communication Manager
State of Green
Phone +45 22 49 65 10
, October 23, 2013

The third edition of Global Green Growth Forum held in Copenhagen this week highlighted global green leadership, business models and green solutions for achieving the transition to long-term sustainable green growth at speed and scale.

This years Global Green Growth Forum 2013 featured participants including the Prime Ministers of Denmark, the Republic of Korea, France and Ethiopia, CEOs of Unilever, TESCO, Maersk Line, IKEA, Veolia Water, Vice Presidents of the World Bank, the Inter-American Development Bank, Nike, and Coca Cola Company, along with heads of international organisations and institutions such as the President of the African Development Bank, the Executive Director of the United Nations Environment Programme and the President of World Resources Institute.


Together, the group of global green business leaders voiced their insights and recommendations to facilitate new models of growth, PPPs as drivers for green growth, better collaboration across sectors and going green as a viable pathway around the thematic areas of Energy, Water, Food and Greening the value chain.


Launch of FiRe initiative (Finance for Resilience)

In line with the aim of 3GF to deliver concrete recommendations and actions for the transition to a green growth economy was the launch of the FiRe initiative by Bloomberg New Energy Finance, designed to identify the most promising ways of driving step-change increases in investment in clean energy solutions and help accelerate their implementation at scale.


Designed as a structured process, FiRe identifies the best proposals and to make sure they are scaled up as quickly as possible. “FiRe Priorities” will be selected based on their potential scale and ease of implementation and initiative will cover a range of work-streams selected from the following areas: Developing world distributed energy; developing world projects; energy policy; financial regulation and disclosure; leveraging public finance; new investors and financial products; cities & municipalities.


Read more about the FiRe initiative


Keynote speech from UN Secretary General

Secretary-General Ban Ki-moon addressed the Global Green Growth Forum as the keynote speaker, calling for a clean energy transformation to help put the world on a more sustainable path, stressing that this will require innovation, investment and collaboration by all partners:


“Achieving a clean energy transformation will need the combined efforts of governments, multilateral investment banks, private finance, civil society, the knowledge community and the private sector,” Mr. Ban said.


He asked leaders to bring solutions and initiatives with targets, deliverables and investment plans. He also urged them to raise their level of ambition by scaling up the investments and financial flows necessary for making the transformation to a low-carbon economy.


Denmark awarded “A gift to the earth” from WWF.

3GF was also a venue for the award ceremony where Denmark received WWF’s most prestigious award, Gift to the Earth, for having the world’s most ambitious climate and renewable energy targets. The Gift to the Earth certificate was presented by Jim Leape, WWF International Director General, to the Prime Minister of Denmark, Ms. Helle Thorning-Schmidt


“Denmark shows that it is possible to develop a sustainable society and at the same time secure economic growth and welfare. It is the lighthouse we need to show that change is possible,” said WWF International director general Jim Leape.

With the award, WWF recognises Denmark’s ambitious political targets to become a green growth economy entirely independent of fossil fuels by 2050 with 100% renewable energy in energy and transportation sector by 2050, power and heat supply to be based on 100% renewable energy by 2035, phasing out coal by 2030 and reducing greenhouse gas emissions by 40% by 2020 compared to 1990 level.

To see photos and videos from 3GF, please click here.


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