Press Release
A new coalition of international business, trade unions, research and environmental organisations is calling on the G20 nations to follow through on their pledges to accelerate the transition to a green economy and secure a visionary global deal on climate change, in an open letter published today.
The Green Economy Coalition is hosted by the International Institute for Environment and Development. Its letter 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.
The Green Economy Coalition will be focusing on the policy changes needed to transform the global economy into one that is clean, green and equitable. It will grow to include about 20 core members in addition to associate members that join specific activities.
In this case, the letter has been signed by heads of Consumers International, the Inspire Foundation for Business and Society, International Trade Union Confederation, WWF International, International Union for the Conservation of Nature, Global Reporting Initiative, Ecologic Institute, Trade Union Advisory Committee to the OECD, Bellagio Forum for Sustainable Development, IISD-Europe, the Centre for Human Ecology and the UN Environment Programme’s Green Economy Initiative.
“The Green Economy Coalition promotes equitable and resilient economies which provide a better quality of life for all, within the ecological limits of one planet,” says Sally Jeanrenaud of IIED. “We have a unique opportunity today refocus the world economy by investing in green sectors for a fairer and more sustainable future.”
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