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Permanent Secretariat Extra-Regional Relations 18 national and international level. To achieve this they should be implemented in parallelwith initiatives focusing on the broader social pillar of sustainable development.19 The OECD has also proposed to include green growth in national examinations and future work on indicators, tools, sector studies and development cooperation. SELA: Redistributive green economy and its relation with energy and the natural capital of Latin America and the Caribbean The Permanent Secretariat of SELA recognizes the progress made by UNEP and OECD in the construction of the theoretical and practical scaffolding of green economy and growth, and this section is aimed at providing some thoughts to the discussion of the topic. In the context of LAC, high levels of inequality have been reported. The growth experienced by the region in the past decade is still insufficient to reduce the huge gaps in income and participation in the economy of the countries. We know that LAC is not the poorest region, but is the most unequal. Therefore, emphasis should be made not only on growth, but also on how that growth enables better distribution of income to reduce historical lags in social matters. In the opinion of the Permanent Secretariat, a green economy must necessarily be redistributive and focus on policies that make growth and development inclusive, especially for the most vulnerable groups in rural areas, indigenous groups and women, who have traditionally faced major barriers to progress in the economic scale. It would have to be based on an economic system that considers – in its holistic balance – a fair interaction of economic actors and factors of production, the respect for and proper functioning of the implied balance of natural capital and environmental ecosystems, the needs of society and the correct harmony among developed, emerging and developing countries to promote inclusive development. The redistributive green economy should comply with the following: 1. Not compromise the ability of future generations to meet their needs; 2. Consider and respect the rights of the least developed countries with special and differential treatment in the transition towards a green economy; 3. Ensure justice and social inclusion through State intervention and the implementation of public policies to assume the costs of transition; and 4. Assign a value to goods and services of the natural capital of each country, so that the contribution being made by developing countries, in particular those in LAC, is recognized. Sustainable development is and will remain the ideal paradigm and the ultimate goal to be achieved by society and each of the countries. The concept of redistributive green economy is the mechanism or instrument to reach sustainable development. 19 OECD, 2011. Towards Green Growth. Box 0.1 Green growth and sustainable development. P 11.PDF Image | green economy In Latin America and the Caribbean
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