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Permanent Secretariat Extra-Regional Relations 4 The fourth section provides a series of proposals as regards areas where the Permanent Secretariat of SELA could contribute with analyses on this subject to the region. Particularly, it is of the utmost importance to take due account of the characteristics of the region as a whole and of individual countries, as well as their potential to effectively move towards a green economy based on their own capacities, while embracing the concept of green economy in their policies and programmes. It is also important to identify public policies to allow for creating appropriate incentives for adopting public policy instruments to ensure a real and effective transition towards a green economy. The proposals made by the Permanent Secretariat of SELA in this document are aimed at supporting the region’s countries in promoting debates, and outlining policies and programmes with a strong impact and sustainability through time. The study focuses on the following areas of action: 1. Outline an inventory of basic elements to be included in a green economy. 2. Develop a green energy matrix at the regional level in order to outline policies to support the transition to a redistributive green economy. 3. Conduct a study and an inventory of available natural capital1 in LAC and its relation to the hydrocarbon energy sector and biomass, in order to identify the region’s potential to move towards a green economy. 4. Define thematic areas and projects which can add up the advantages of each country and region in order to make proposals for mechanisms to adopt a green economy. 5. Conduct a study to propose mechanisms to follow up projects and programmes that support the efficient use of energy and natural resources available at the regional and country levels, and to establish indicators to assess their effectiveness in the transition to a green economy. 6. Promote actions among LAC countries for coordination among national institutions responsible for the exchange of information and experiences as regards the implementation of programmes aimed at transforming the current carbon-based economies into green economies that are sustainable in the long term. 7. Examine the feasibility of sectoral programmes for traditional energy-intensive industries such as metal smelting (steel, aluminum, among others), chemical and glass industries, or services such as transport and tourism, in each country with the participation of ministries and agencies responsible for the energy sector, communications and tourism, as well as associations and chambers of the productive sector, thus promoting comprehensive policies that lead to the adoption of green economies. 8. Identify innovative financial sources to develop new projects, as well as tax incentives and subsidies to promote the use of technologies that support a green economy. 9. South-South and Triangular Cooperation based on an analysis of existing offers and requests of experiences concerning the adoption of a green economy. 10. Dissemination of those programmes and projects focused on the green economy in the region, in order to promote successful experiences, identify challenges and refocus existing programs. 1 The concept of “natural capital” refers to natural assets in their role of providing natural resource inputs and environmental services for economic production. Natural capital is generally considered to comprise three principal categories: natural resource stocks (water, renewable energy and biodiversity, to mention a few), land (agriculture, silviculture) and ecosystems (forests, jungles, wetlands, marine ecosystems, among others). http://stats.oecd.org/glossary/detail.asp?ID=1730PDF Image | green economy In Latin America and the Caribbean
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