strategy
Financing environmentally sound technologies in developing countries
Synonyms:
Stimulating investment in clean technologies in developing countries Context:
Thinking globally should encourage a focus on energy savings where the growth of consumption is highest and where the efficiency of energy production is lowest. This consideration suggests a special effort to bring clean technologies to developing countries in preference to often more expensive further marginal improvements in developed countries. Methods should be sought to stimulate investment by LDCs in both cleaner technologies and more efficient energy generation and use. This would have an additional dividend in building endogenous capacity to manage energy in developing countries. In areas where carbon taxes have been established, for example, the proceeds of such taxes should be used primarily to invest in the best carbon dioxide (CO2) reduction projects on a world scale. A real incentive for private industry of the developed world would be a system of "carbon dioxide reduction credit" that would encourage private investments in locations where a given amount of CO2 reduction could be achieved at the lowest cost.Cleaner technologies have played a critical role in many of the successes in pollution control in industrialized countries recorded since the 1970s. Flue scrubbers at power stations, waste recovery and recycling systems, and catalytic converters fitted to vehicles are now mainstream technologies in the developed countries. As regulation and compliance regimes have gradually been tightened, a major global environmental market has emerged for the environmental technologies and services required to meet these new standards.
Claim:
Global environmental investment in developing countries may often produce greater world benefits for the environment than investment within developed countries themselves. Broader:
Financing sustainable developmentPromoting environmentally sound economic growthFinancing science and technology for developmentSupporting use of environmentally sound technologyProviding environmental assistance to developing countriesIncreasing cooperation on environmentally sound technologyPromoting appropriate investment in research and developmentDeveloping clean technologies Facilitated by:
Promoting investment in developing countriesIntegrating financial and environmental performance in industryDeveloping investment strategies for national environmental action plansResearching effects of fiscal policy on innovation of environmental technologies Problems:
Inadequate investment in the environmentSubjects:
Commerce → FinanceCommerce → Investment
Societal Problems → Hygiene
Technology → Technology
Environment → Environment
Type Classification:
D: Detailed strategies Related UN Sustainable Development Goals:
