GMS nations aim to expand green growth

Representatives from the Greater Mekong Sub-region (GMS) nations met in Hanoi on December 1 to discuss ways to expand green growth.

GMS region is one of the areas which has the highest bio-diversity in the world and boasts a wide variety of fauna and flora with high forest coverage. At present, the economic growth in the region is mostly based on the exploitation of natural resources using obsolete production technologies which caused environmental pollution. Due attention has not been paid to some environmentally-friendly economic sectors.

At the seminar, delegates emphasized that it is time for GMS nations to restructure the economy by promoting the role of nature in order to achieve steady growth and improve the livelihood of nearly 400 million people in the region.

These nations aimed to develop the green economy by maintaining and developing natural resources, reducing environmental pollution and green house emissions.

Nguyen Van Tai, Director of the Institute of Strategy and Policy on Natural Resources and Environment said that GMS nations are implementing the economic restructuring and transition. Therefore, it is important for GMS nations to expand the green economy and build a roadmap to limit the use of fossil fuels.

Delegates also devised orientations in their countries’ strategies and roadmap on green growth and discussed measures to strengthen cooperation in conserving and developing natural resources, and building green economy in the region.

The event was co-organised by the Ministry of Natural Resources, the Asian Development Bank, and international organizations.

Tags: GMS nations

Posted by VBN on Dec 2 2011. Filed under Economy News, Int'l Cooperation. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry