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The vision of the green economy SP/Di No 01-12 in Latin America and the Caribbean I. INTRODUCTION 7 The financial and economic crisis unleashed in late 2008 after the collapse of Lehman Brothers has led to rethinking the traditional production models. Apparently, the economic recovery cannot occur under the traditional assumptions of a carbon-based economy. The debates and discussions on how to resume growth point to giving greater value to natural resources in order to ensure sustainable global economic growth. There are several conceptualizations of green economy and green growth, which are analyzed in this study. This document is intended to respond to three basic questions: 1) What is green economy? 2) How could Latin America and the Caribbean, at the regional and country levels, move towards green economy on the basis of an analysis of its energy matrix? And 3) how could such a move contribute to a better quality growth that allows for reducing income inequities and fighting against poverty? The concept of green economy is relatively new. It refers to the way in which natural resources are used to produce satisfiers for the population. The study begins with an analysis of the various definitions and concepts of green economy and green growth. The first section analyzes the different definitions and contrasts those offered by agencies such as the United Nations Environment Programme (UNEP) and the Organization for Economic Cooperation and Development (OECD). In this section, based on the concepts identified, the Permanent Secretariat of SELA deems it necessary to reach a proper definition of the term, so as to respond to the needs, realities and resources of the region. With this document, the Permanent Secretariat intends to help build conceptual bridges between the analyses conducted by the United Nations system and the OECD. Also, based on the concepts identified, the Secretariat proposes elements to contribute to an appropriate definition for the region, in accordance with the notions contained in already developed definitions, where social inclusion should be a central element as a way to reduce the huge inequalities persisting in the region. The second section discusses the energy matrix of the region to provide an overview of the energy resources available to the region to move towards a green economy. It identifies some countries with alternative energy sources. Based on a scoring system for the types of energy sources used, which was designed by the Permanent Secretariat of SELA, the study offers a roadmap of the current situation of energy and its uses in Latin America and the Caribbean (LAC). For instance, this analysis found that Paraguay has the highest ranking in terms of sustainability and clean energy. The third section deals with the implications – at the regional and country levels – of moving towards a green economy, and explores the policies and actions that the countries should follow in order to achieve such change. This study found that must make huge investments if it is to change its energy production matrix and therefore its energy supply. This section underscores how important it is for the State to play an active role in promoting the transition towards a green economy so that it turns out to be a socially inclusive process. It is fundamental to prevent such a qualitative leap from exacerbating poverty, inequality and social exclusion. Hence, this paper offers some guidelines to discuss how the State should develop policies to ensure participation of the majority of the population, so that they can get involved in the process and benefit from it. 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 ofPDF Image | green economy In Latin America and the Caribbean
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