Sign up | Log in



Home  >>   Daily News  >>   Asean  News  >>   Environment  >>   UN reveals paradigm shift for green economy
NEWS UPDATES Asean Affairs        22  February 2011

UN reveals paradigm shift for green economy

Related Stories

February 16, 2011
People want an environmental role

February 15, 2011
Thailand begins alternative energy island projects

January 17, 2011
Thai palm oil-biodiesel project

January 7, 2011
Thai PM requests new climate document

December  16, 2010
Smuggled Burmese lumber seized in Thailand

November 4, 2010
Thailand considering boosting environmental investments

April 2, 2010
Pre-Mekong summit kicks off in Hua Hin, Thailand.

The United Nations on Monday unveiled a strategy to ensure a sustainable future for the planet by investing 2 percent of wealth generated by the global economy, or some $1.3 trillion annually, in 10 key sectors.

This paradigm shift toward a “green economy” would also help alleviate chronic poverty, the UN Environment Program (UNEP) said in a report that was released as more than 100 environment ministers met in Nairobi, Kenya.

Under the UN strategy, individual incomes would outstrip trajectories forecast by traditional economic models while halving humanity’s per capita ecological footprint by 2050.

Reshuffling the global economic mix will challenge vested interests and disrupt employment, the UNEP acknowledged.

But the plan promises to generate growth rates equal to or higher than a business-as-usual approach that —stoked by two centuries of breakneck industrialization — slowly eroded earth’s capacity to cope.

“We must continue to develop and grow our economies,” said the UNEP’s executive director, Achim Steiner, as he unveiled the study, “Toward a Green Economy: A Synthesis for Policy Makers.”

“But this development cannot come at the expense of the very life-support systems on land, in the oceans or in our atmosphere that sustain our economies and thus the lives of each and every one of us.”

The report notes that long-simmering crises erupted into plain view during the first decade of the 21st century.

Accelerating climate change, the dramatic loss of biodiversity, flaring food shortages, a growing gap between demand and supply for fresh water and the destruction of life-giving tropical forests were reminders that earth’s balance and bounty cannot be taken for granted, it says.

At the same time, it says, the financial meltdown of 2008 points to deep-seated structural problems in the global economy.

“Although the causes of these crises vary, at a fundamental level they all share a common feature: the misallocation of capital,” said Pavan Sukhdev, a Deutsche Bank analyst who headed the UN’s green economy initiative.

The report singles out “perverse” incentives that encourage unsustainable behavior, including $600 billion doled out every year in fossil fuel subsidies and $20 billion to industrial fisheries chasing dwindling stocks.

The UN called on political leaders to blaze the trail.

Reach Southeast Asia!
10- Nations, 560- Million Consumers
And $1 -Trillion Market
We are the Voice of Southeast Asia Media Kit
The only Media Dedicated to Southeast Asia Advertising Rates for Magazine
  Online Ad Rates

Comment on this Article. Send them to

Letters that do not contain full contact information cannot be published.
Letters become the property of AseanAffairs and may be republished in any format.
They typically run 150 words or less and may be edited
submit your comment in the box below




1.  Verifier

1. Verifier

For security purposes, we ask that you enter the security code that is shown in the graphic. Please enter the code exactly as it is shown in the graphic.
Your Code
Enter Code

Today's  Stories    22  February 2011 Subsribe Now !
• UN reveals paradigm shift for green economy
Subcribe: Asean Affairs Global Magazine
• AirAsia Indonesia looks at fourth-quarter IPO Asean Affairs Premium
• Maybank set for stronger earnings
• Defence industry investors urged to pick Malaysia
Research Reports
on Thailand 2007-2008

•Textiles and Garments Industry

•Coffee industry

•Leather and footwear industry

•Shrimp industry

• Twelve ethnic groups in Myanmar unite
• Moody’s revises PTT ratings down
• Thai 3G deal faces legal scrutiny
• Vietnam’s agriculture fails to attract FDI
Asean Analysis    22   February 2011 Advertise Your Brand
• Cambodian-Thai border dispute heads to Indonesia Sponsor Our Events
Asean Stock Watch    22  February 2011
• ASEAN Markets Great Buying This Week
Global News Impacting Asia    17 November 2010
• Bank of America sees Asian inflation
• Lloyd’s increases insurance push in Malaysia
• Wells Fargo analyst on euro
• Obama’s visit to Asia

ASEAN NEWS UPDATES      Updated: 04 January 2011

• Women Shariah scholars see gender gap closing
• Bank Indonesia may hold key rate as inflation hits 7 percent

• Bursa Malaysia to revamp business rules
• Private property prices hit new high in Singapore
• Bangkok moves on mass transport
• Thai retailers are upbeat
• Rice exports likely to decline
• Vietnamese PM projects 10-year socioeconomic plan


This year in Thailand-what next?

04 January 2011
By David Swartzentruber      

It is commonplace in journalism to write two types of articles at the transition point between the year that has passed and the New Year. As this writer qualifies as an “old hand” in observing Thailand with a track record dating back 14 years, it is time take a shot at what may unfold in Thailand in 2011.

The first issue that can’t be answered is the health of Thailand’s beloved King Bhumibol, who is now 83 years old. He is the world's longest reigning monarch, but elaborate birthday celebrations in December failed to mask concern over his health. More

Home | About Us | Contact Us | Special Feature | Features | News | Magazine | Events | TV | Press Release | Advertise With us

| Terms of Use | Site Map | Privacy Policy  | DISCLAIMER |

Version 5.0
Copyright © 2006-2020 TIME INTERNATIONAL MANAGEMENT ENTERPRISES CO., LTD. All rights reserved.
Bangkok, Thailand