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The vision of the green economy SP/Di No 01-12 in Latin America and the Caribbean 15 reviewing the composition and efficiency of public spending, and increasing revenues by putting a price on pollution. The OECD points out that Green growth will also reduce the risks to growth from: Bottlenecks that arise when resource scarcity or reduced quality makes investment more costly, such as the need for capital-intensive infrastructure when water supplies become scarce or water quality decreases. In this regard, the loss of natural capital can exceed the gains generated by economic activity, undermining the ability to sustain future growth Imbalances in natural systems that raise the risk of abrupt, highly damaging – and potentially irreversible – effects for the communities. Comparing the definitions of green economy and green growth OECD’s green growth incorporates, as well as UNEP's green economy, key concepts of the positive economics. Comparing those definitions, one might note that both are comprehensive concepts and share the same theoretical and factual bases. However, green growth emphasizes incentives and the search for new sources of growth through innovation, productivity, new markets, trust and stability, while green economy gives priority to the government’s role, the regulatory and legal framework, the promotion of the private and public investment and its effects on certain sectors18 that will drive the greening of the economy. 18 The 10 sectors considered as generators and drivers of the transformation to a green economy, according to UNEP, are: Agriculture, Buildings, Energy (supply), Fisheries, Forestry, Industry, Tourism, Transport, Waste and Water.PDF Image | green economy In Latin America and the Caribbean
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