Green Economy Coalition urges G20 to match rhetoric with action
In open letter published today, The Green Economy Coalition, hosted by the International Institute for Environment and Development, warns that G20 nations are failing to match their rhetoric with action, are delaying the transition to sustainable development and are promoting climate change through their subsidies for fossil fuel production and consumption.
It calls on G20 nations to honour aid commitments and provide new funds to enable developing nations to shift to sustainable development pathways.
“We support the progress that has been made in stimulating a low carbon economy through investments in a range of initiatives such as improved rail transportation, water infrastructure, grid expansion and improved building efficiency,” the letter states. “However, in many cases there remain large gaps between government declarations and practice.”
“Many G20 members have not included sufficient green investments in their overall stimulus packages, and the effectiveness of the green stimulus risks being compromised by delays in the allocation of funds. At the end of the first half of 2009, only around 3% of committed green funds had been disbursed.”
Signatories include the heads of WWF International, UN Environment Programme’s (UNEP) Green Economy Initiative, Consumers International, International Trade Union Confederation, the Global Reporting Initiative (GRI), International Union for the Conservation of Nature (IUCN), Global Reporting Initiative, Ecologic Institute, Trade Union Advisory Committee to the OECD, Bellagio Forum for Sustainable Development, IISD-Europe, the Inspire Foundation for Business and Society, and the Centre for Human Ecology.
The Green Economy Coalition focuses on the policy changes needed to transform the global economy into one that is clean, green and equitable.