Transition to green economy should become a global priority: UN

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Electric car. UN Photo/JC McIlwaine

The world needs to focus on transitioning to a green economy as it faces the challenges of a growing population, increased pollution and the effects of climate change.

That's what experts of the UN Environment Programme (UNEP) told the press in Nairobi during a briefing held on the margins of the first-ever United Nations Environment Assembly or UNEA.

A UNEP study shows that by investing 2 per cent of global GDP in 10 key sectors, countries can start the transition into a green economy.

Steve Stone, the UNEP Chief of Economic and Trade, said countries need to develop a green economy to better manage their resources.

"So the reflection about how to we get to a green economy is really about how are we investing our money? Then it becomes very interesting. Then the issue of subsidies for fossil fuels, for agriculture, for water, for fish, for fishing out in the oceans become very relevant questions because those are investments that are not moving towards a green economy. And there are many other examples that we can look at. But it is fundamentally a question about how are we investing in our economy. “

Issues such as financing green economies, fighting illegal trade in wildlife and timber products are being discussed at the UNEA.

UNEP says an annual investment of $ 13 trillion will enable the global economy to embark on a low-carbon, energy-efficient, green economy road.

Jocelyne Sambira, United Nations.

Duration: 1’33″

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