UNEP-WCMC’s Post

Don't miss Steven Hail's talk tonight! Sustainable Prosperity: What does it look like and how are we going? Between 2000 and 2023, the Australian economy nearly doubled in size. But have we made any real progress towards sustainable prosperity? What does the data tell us, and what would sustainable prosperity look like? We use a simplified statistical approach to address these questions. https://lnkd.in/gcjYddA9

It is my pleasure to share our latest research article, "Economic Growth and Sustainable Development: Evidence from OIC Countries," where we explore the intricate relationship between economic growth and sustainability in OIC nations. #SustainableDevelopment #EconomicGrowth #OICCountries #Research

In economics, a “negative externality” refers to an unintended negative consequence—such as secondary and tertiary downstream impacts—of economic activities when the costs are not borne directly by the parties involved but rather borne later by others who were not involved. If you are immersed in interconnected ecosystems and complex policy considerations, the downstream consequences of negative externalities begin to come more to light. One way to think about alternative global and local futures is the concept of stewardship. Stewardship is one approach to resources and decisions that aims to prevent or minimize negative impacts on third parties by foresight into societal and environmental implications, and then factoring those into upfront solutions, costs, activities and benefits. In this sense, stewardship can be seen as a proactive approach to mitigating the occurrence and severity of negative externalities. It helps to understand that any actions can have ripple effects beyond an immediate field of vision; it’s possible to make more of them positive as they ripple outward in future outcomes. #sustainability #climatechange

🌱 ECONOMICS AND SUSTAINABILITY: My Perspective As an economist, I’m inspired by the growing emphasis on sustainability in shaping the future of development. Integrating green technology and sustainable practices into economic strategies is no longer optional—it’s essential for long-term growth and resilience. During my academic and professional journey, I’ve observed how sustainable development goals (SDGs) align with economic priorities, especially in industries like renewable energy, healthcare, and technology. It’s exciting to see how data-driven policies and innovative technologies are helping organizations achieve economic and environmental balance. Looking ahead, I’m eager to contribute to projects and initiatives that prioritize sustainability while driving impactful economic outcomes. What are your thoughts on the role of economics in advancing sustainability? Let’s discuss! #Sustainability #GreenEconomy #EconomicDevelopment #Innovation #SDGs

Transformational economics recognizes the need for a fundamental shift in economic systems and practices to mitigate and adapt to climate change, while also promoting sustainable development and social equity (Sachs et al., 2019). Potential Solutions: Green industrial policies: Transformational economics advocates for the adoption of green industrial policies that promote sustainable economic activities, support the development of green technologies, and facilitate the transition towards a low-carbon economy (Rodrik, 2014). Sustainable finance: Mobilizing financial resources towards sustainable investments and projects is crucial for enabling the transition (Campiglio et al., 2018). This includes developing green finance instruments, such as green bonds, and aligning financial regulations and incentives with sustainability goals. Circular economy models: Transitioning towards a circular economy, where resources are reused, recycled, and regenerated, can decouple economic growth from resource depletion and environmental degradation (Ghisellini et al., 2016). Transformational economics offers a framework for addressing climate change while promoting sustainable economic development and social equity. However, implementing the necessary transformations will require coordinated efforts from policymakers, businesses, civil society, and the international community. #transformationaleconomics #circulareconomy #sustainablefinance #greeneconomy #newageeconomics

Columbia | SIPA’s Sustainable Investing Research Initiative (SIRI) convened global leaders and scholars at Columbia University on September 24–25, during this year’s UN General Assembly (UNGA) and NYC Climate Week. SIRI’s Blended Finance Decisionmakers Roundtable Discussion focused on India and was followed by the Inaugural SIRI Blended Finance Conference . These events are an integral part of SIRI’s broader Blended Finance effort—launched in partnership with Mirova, SIMFO - Systems Impact Multi-Family Office, and Origination—to foster scholarship, education and dialogue on blended finance. Read more here: https://lnkd.in/enQ3AsW8 Sustainable Investing Research Initiative (SIRI) Chandana Yelkur Thomas Giroux Manuel Coeslier Gautier Quéru Vincent Shen Osvald Bjelland Susan Lund Pradeep Kurukulasuriya Luciana Antonini Ribeiro Amy Hepburn Marc-Andre Blanchard Anjali Bansal Merit Janow Caroline Flammer #BlendedFinance

When we introduced Carrier bag charges the environmental impact cost was estimated to be 12p. Advice was to charge that. We charged 5p. Think we still do in wales. Economic costs need to be far more front and centre on so many things #environment #economy #climatecost

Let's make better financial decisions for a greener future on this Environment Day! Go digital and lessen your carbon footprint with CreditMitra. A sustainable planet requires sustainable economics. #environment #WorldEnvironmentDay #quickloans #quickloan #creditmitra

Governments and Economic Development Agencies have 2 key strategies to help economic clusters adapt to the green transition: evolve existing economic clusters to remain competitive and capitalize on emerging opportunities. Interesting read from Boston Consulting Group (BCG) https://lnkd.in/eFwmDUdj

I'm thrilled to share that our latest article with Giorgos Galanis, Mauro Napoletano, Alessandro Sapio and olivier vardakoulias, titled "Defining Just Transition," has been published in the Ecological Economics. In this work, we tackle the critical socio-economic risks of climate change, a topic that continues to spark heated debates among academics and policymakers alike. While there's consensus that the transition to a low-carbon economy should be socially just, what exactly makes a policy "just" remains unclear. In our paper, we draw on distributive justice theories, arguing that a just transition should: - Minimise relative costs for the most vulnerable populations. - Account for uneven responsibility in causing environmental damage, ensuring that those with greater responsibility shoulder a fairer share of the transition costs. We hope this framework contributes to shaping policies that create an equitable path toward sustainability. 🌱 Feel free to dive deeper into our research and share your thoughts! https://lnkd.in/eZcgwxDw #ClimateChange #JustTransition #Sustainability #EcologicalEconomics #Policy #Research