SIDS-FOCUSED Green Economy

CONCLUSIONS

Synthesis Report

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The primary challenge for many SIDS is enhancing their prospects for economic growth, while preserving their environment and promoting social development. While there may be some concerns as to the process by which the green economy debate is proceeding, the approach offers opportunities to better manage natural resources and focus on sustainable development. It is also critical that the special circumstances of SIDS should be given consideration when various principles, policies and targets such as the transition to a green economy are being developed. Dependingonacountry’sdevelopmentpath, needs, priorities, degree of vulnerabilities, natural resources, ecosystems and the services they provide, the plans and strategies to promote a green economy might vary. In this regard, there are also important practical and political challenges, which can make the creation of some enabling conditions more or less realistic in the short to medium-term. been presented for enabling the transition to a green economy. Primarily among those conditions is the revision of key areas of policy-making to enable the right conditions that support a green economy transition. Enabling Conditions Several recommendations have

These areas include increasing

investment developing market-based instruments, and revising the legislative and regulatory framework and enhancing institutional capacities. • In order for SIDS to create the conditions required for a transition to a green economy, the following specific measures can be considered: • articulation of clear transitional policy instruments and the establishment of and spending ,

SIDS-FOCUSED Green Economy: AN ANALYSIS OF CHALLENGES AND OPPORTUNITIES

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