Monday, 07 March 2011

Move towards Green Economy in East Asia, ASEAN Member States discussed at Jakarta event

JAKARTA, 7 March 2011 – Building greater awareness and promoting the “green economy” concept in East Asia and ASEAN Member States through an exchange of experiences in scaling-up competitiveness and domestic innovation capabilities is on the agenda of a meeting of experts in the Indonesian capital today.

The two-day event was organized by the Economic Research Institute for ASEAN and East Asia (ERIA), Institute of Developing Economies (IDE – JETRO, Japan) and the United Nations Industrial Development Organization (UNIDO).

Experts agreed that the country needs to take “green economy” initiative as an important undercurrent affecting entire economic activities that would affect economic growth, industrialization pattern, and further regional economic co-operation and integration in South-East and East Asia.

Furthermore, Participants demonstrated how enterprises and governments in South-East and East Asia need to rethink the development of industrial sectors competitiveness, export competitiveness, sustainable innovation and structural change in order to sustain growth momentum in a “green economy”.

Multifaceted issues associated with transition towards “green economies” and associated structural change, past patterns of long-term structural change based on country characteristic, industrial upgrading and diversification opportunities for developing countries, and impacts on exports performance were discussed.

Participants noted that the development of “green economy” and structural change are interdependent and proceed through their interaction. In this regard, the creation of synergies between development priorities of the South-East and East Asia countries and the implementation of energy efficiency, efficient resource utilization, industrial upgrading and diversification, and, development of regional markets for energy- and resource-saving products, and crafting of strategies and policies aimed at both supply and demand sides are necessary conditions to narrow of the development gap in the region.

The meeting will offer guidance to development practitioners and policy-makers and will contribute to further joint research activities on measures to promote “green economy”.

For more information, please contact:

Augusto Luis Alcorta
Director, UNIDO Development Policy and Strategic Research Branch
Tel.: +431260263729

Daisuke Hiratsuka
Institute of Developing Economies, Japan External Trade Organization (IDE-JETRO)  
Tel: +82432999660

Daiki Kasugahara
General Manager, Economic Research Institute for ASEAN and East Asia (ERIA)
Tel: +622157974460

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