By Rajesh Chakrabarti, Executive Director, The Bharti Institute of Public Policy
Hello and welcome to the Bharti Institute’s blogspace! Special thanks to my colleagues at the Bharti Institute of Public Policy led by Dr. Kaushiki Sanyal and the ISB communications team for making this blog a reality. Mark this site for regular updates on policy related inputs and analysis with a focus on India and other emerging markets. But in this inaugural blog I want to go global and tell you about a major conference where I spoke last week. With four Prime Ministers and the UN Secretary General speaking there, it was a big deal indeed. Well, you guessed it. I am talking about the just-concluded Fourth Global Green Growth Forum (3GF) at Copenhagen (www.3gf.dk). The forum is a platform initiated by the Prime Minister of Denmark in collaboration with the governments of China, Kenya, Mexico, Qatar and Republic of Korea. Other participating leaders at 3GF 2013 included the Prime Minister of France and Ethiopia.
The two-day conclave turned out to be a much-awaited meet of the global green brigade. Held in a massive four storey former warehouse at the heart of Copenhagen, the plenary sessions overflowed (and were telecast) to two major locations outside the main auditorium. The parallel sessions frequently were standing-crowd only. And if you thought the entire action was restricted to the wisdom being distributed at the sessions, well think again. There was as much buzz in the café area, well set-up with comfortable sofas, and meetings were being set up and concluded with the alacrity of a speed dating fair. And if you wanted longer and more serious meetings, the bilateral rooms could be booked as well, but getting a free spot on that calendar was not easy either. Every green foundation worth its name was there, talking furiously to multiple government and multilateral funding agency pushing various aspects of the green growth agenda, striking deals, signing MoUs and generally networking and card-swapping at a frantic pace. Private investors in green technology eyed opportunities and multi-billion-dollar green funds checked out on new initiatives they could focus on later.
What was the thrust of the sessions? The focus was less on the scientific and technological aspects of green technology and more on the economic, strategic and financial challenges. How to structure fiscal incentives, payment systems and build proper incentives to implement environment-friendly alternatives to drive the growth engine? Infrastructure was a recurring theme and deservedly so, for given the irreversibility and size of infrastructure projects, a country putting in place an environmentally inappropriate technology binds itself to a wrong growth path for decades to come. Public-private partnerships, particularly in the emerging markets of Asia and Africa occupied a central place in the dialogue. Policy makers were eager to learn from each others’ experiences. The Danish Environment Minister, for instance, cited the example of a road project in Holland that was supposed to pass through an ethnically sensitive neighborhood. Shunning the cheap way of taking it through the neighborhood, the authorities actually passed the road through a tunnel under it creating a park above the road solving multiple political and environmental problems in one stroke.
Sharing of national experiences brought out the universality of many of the challenges. Alignment of incentives was a critical issue. Everyone understands that bringing in green alternatives would raise the cost of projects but ultimately also pay off in the long run, but the question is how to incentivize the bureaucrat to accept the higher project bid without stipulating stifling one-shoe-fits-all criteria in policies? How to create room for innovative environment-friendly solutions without putting the signing bureaucrat’s neck on the line? Similarly, the politicians wanted to know how to sell the “green” alternative to communities and to give it political voice. Hard and relevant questions all.
The two days passed in frenzied activity. The sharing of ideas as much as the contacts and deals struck surely helped push forth the shared agenda. Green growth is a big and expanding business space. Currently, it touches 19% of the energy generation globally and is expected to reach a size of $615 billion by 2015. In India itself, Renewable Energy accounted for 12% of total energy generation in 2012 up from 1% a decade earlier. In China it is a $67 billion industry. And this is only the beginning.
Thank you for visiting the Bharti Institute blogspace! Please keep coming back and share your views through comments on the blogs here as we keep posting blogs from Bharti Institute members, ISB faculty and invited experts on various topics of public policy. Let’s keep talking!
(The Bharti Institute is active in the Green Growth space though its collaboration with Climate Policy Initiative (CPI), the CPI-ISB Project).
DISCLAIMER : Any comments, speeches, articles, blogs, podcasts, videos/vlogs, opposite the editorial page/opinions andeditorials page (OP-ED), interview response etc. made by individuals should be accompanied by a clear disclaimer from the ones given below.
“The views expressed in this article are personal. Prof Rajesh Chakrabarti is faculty at the Indian School of Business.”
I am glad that I have your incredible way of writing the put up.Really content material.Now useful and valuable it is for me to understand and easy to put into action, to find the concept.
Wonderful work! This is the type of info that should be shared across the internet. Disgrace on the search engines for now not positioning this publish upper! Come on over and discuss with my web site . Please read my story on http://noviy-dom.zp.ua. Thanks =)
I am extremely appreciated for this website. Its an insightful topic. It support me quite a lot to fix some troubles. Its possibility are so wonderful and doing work type so fast. I feel it could be assist all of you.
maillot hummel http://equipe-de-cote-d-ivoire.menabwn.com
I just want to tell you that I’m new to blogging and site-building and really savored you’re web-site. Probably I’m want to bookmark your blog . You amazingly have remarkable articles and reviews. Thanks for revealing your blog site.
I just want to say I am just very new to blogging and honestly savored this web page. Most likely I’m going to bookmark your site . You amazingly have very good articles and reviews. With thanks for sharing with us your blog site.
This is a good posting, I was wondering if I could use this write-up on my website, I will link it back to your website though. If this is a problem please let me know and I will take it down right away
Please go ahead as long as you give due credit.
I simply want to mention I am just newbie to blogging and definitely liked this blog. Likely I’m want to bookmark your blog . You absolutely have terrific articles. Cheers for sharing with us your website page.
This is a topic that is close to my heart… Thank you! Exactly where are your contact details though?|
Michael Kors Outlet http://www.demigraphics.com/
I just want to say I am beginner to blogging and certainly loved your blog. Probably I’m likely to bookmark your site . You actually come with amazing well written articles. Kudos for sharing your website page.
This is a topic which is near to my heart… Many thanks! Exactly where are your contact details though?|
Moncler rea Sverige http://www.aerobilder.se/core/moncler-rea.html
I just want to tell you that I am just beginner to blogs and definitely savored you’re page. Very likely I’m planning to bookmark your site . You surely come with impressive articles and reviews. Bless you for sharing your web page.
This is a fantastic site, might you be engaged in doing an meeting regarding the method that you designed this? If so e-mail us!
I simply want to say I am all new to blogging and site-building and really loved this web-site. Likely I’m want to bookmark your blog . You actually have very good writings. With thanks for sharing your blog site.
This is a topic that’s near to my heart… Best wishes! Where are your contact details though?
I just want to tell you that I am all new to blogging and actually liked you’re page. Probably I’m planning to bookmark your site . You amazingly come with wonderful articles and reviews. Regards for sharing your website page.
Нello, Neat post. There’s аn issue togеther with your website in internet еxplorer,
may check this? IE still is the market chief and a good element of
people will pаss over yоur exсеllent writing because of
My family members all the time say that I am killing my time here
at net, except I know I am getting experience all the time by reading thes nice articles
Hey! I could have sworn I’ve been to this blog before but after checking through some of the post I realized it’s new to me. Anyways, I’m definitely delighted I found it and I’ll be book-marking and checking back frequently!
I just want to mention I am very new to blogs and absolutely enjoyed this web site. Most likely I’m planning to bookmark your blog . You absolutely have very good well written articles. Kudos for sharing with us your blog site.
It’s hard to find well-informed people in this particular subject,
but you sound like you know what you’re talking about!
Take a look at my web-site; Carlyn
I have been surfing online more than three hours today,
yet I never found any interesting article like yours.
It is pretty worth enough for me. In my view,
if all webmasters and bloggers made good content
as you did, the internet will be a lot more useful than ever before.
I’m gone to inform my little brother, that he should also
visit this website on regular basis to get updated from
most up-to-date news.