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3GF LAC Regional Conference Aims to Unlock the Continent's Green Growth Potential

22.06.2015  09:55

Santiago de Chile, 19 June 2015 - The Latin American Regional Green Growth Forum opened yesterday in Santiago de Chile, attended by the President of Chile, Michelle Bachelet, and more than 180 delegates, including ministers and vice-ministers from the region, policy-makers, international financial and environmental experts, and leaders from the private sector.

The Forum was jointly organized by the Government of Chile, the Government of Denmark and the Inter-American Development Bank, IDB, under the umbrella of the Global Green Growth Forum (3GF), which convenes governments, businesses, investors and international organizations to act together for inclusive green growth.

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From left: Pablo Badenier Martínez, Minister of Environment, Chile; Jesper Fersløv Andersen, Ambassador of Denmark to Chile; Michelle Bachelet, President of Chile, Lisbeth Jespersen, Head of 3GF; Ricardo Lagos, Former President of Chile and President of Fundación por Democracia y Desarrollo and Hans Schulz, Vice President of IDB

The world is facing a rapid change with increasing urbanisation rates, and an estimated growth of the global middle class by three billion people with still increasing demands and aspirations. To foster economic growth and improved livelihoods in a sustainable way new approaches and thinking is needed.

Latin America holds an unparalleled green growth potential. A transition to green economy could meet many of the current challenges and create opportunities for improved livelihoods and sustainable lifestyles. To seize these opportunities, new, innovative, sustainable and inclusive growth and business models are needed.

Michelle Bachelet, President of the Republic of Chile, speaking at the opening, highlighted: “Chile only generates 0.3 of the global CO2 emissions. One could therefore think we do not feel obliged to contribute to a solution. On the contrary, we are committed to reducing our emission with 35 to 45 % by the year 2030.”

Hans Schultz, Vice President of the Inter-American Development Bank, also addressed the audience at the opening focusing on the role of the IDB as a partner in 3GF: “The IDB believes green growth investments offer a tremendous opportunity for businesses, while fostering transition to a low-carbon economy. We work with both private sector and public sectors to promote innovative solutions that lower barriers to market entry, demonstrate the viability of new technologies and help scale up sustainable investments. We support the 3GF as a way to foster more comprehensive interaction and allow us to forge new partnerships.”

The two-day conference will identify barriers and opportunities for sustainable development in Latin America. The participants will in particular address three cross-cutting themes: creation of new financing models for green growth, opportunities for developing sustainable lifestyles and prospects for sustainable urbanisation. Furthermore, priority will be given to the critical issues of scaling renewable energy and decoupling growth from the overall environmental footprint through sustainable business strategies and systemic change in Latin America. During the conference participants will share visions and aspirations, novel evidence and engage in the concrete action-oriented partnership sessions in the areas of land use and land restoration, sustainable water management and energy.

3GF LAC is the second of a series of regional conferences that 3GF is organizing in Africa, Asia and Latin America throughout 2015. By engaging high-level partners from different regions of the world, and from both public and private spheres, 3GF seeks to show that green solutions are at hand - scalable to the global level and spurring economic growth. Moreover, the findings and outcomes of the regional conferences will feed into the next 3GF Global Summit which will take place in Copenhagen 20 – 21 April 2016, hosted by the Prime Minister of Denmark.

Further information on 3GF.