LDCs set to jump start to a green economy

With their low-carbon profile, rich natural assets and promising policy initiatives, the world’s 48 least developed countries are well-positioned to jump start the transition to a green economy, according to a new UN report released at the start of the Fourth UN Conference on Least Developed Countries (LDC-IV). Carla September reviews the report, titled Why a Green Economy Matters for the Least Developed Countries. http://www.world-economy-and-development.org/wearchiv/042ae69ee20b05812.php
According to a new report released by the UN Conference on Trade and Development (UNCTAD), most of the investments taken in LDCs have not yet resulted in significant economic growth and job creation. ”Such investment has not tended to ‘fertilize’ LDC economies by leading to greater links between foreign businesses and local firms that can spread know-how and technology and help spur broad-based, long-term economic growth,” the body emphasised. In order to effectively address those countries’ economic potential, the international community should strengthen the ability of LDCs to attract foreign investments by inter alia setting up a ”LDC infrastructure development fund”, the report reads. http://tinyurl.com/63op5zt