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Green economy promises benefits to SIDs

Nairobi, 24 February 2014- Creating the enabling conditions for a Green Economy transition in Small Island Developing States (SIDS)from improved public investment to reliable market instruments and better governance will help the estimated 50 million SIDS residents build climate resilience, achieve economic growth and enjoy better standards of living.

The transition will offer opportunities for SIDS to better manage natural capital, protect the environment, create green jobs and achieve sustainable development, according to studies by the United Nations Environment Programme (UNEP)

UN Under-Secretary-General and UNEP Executive Director Achim Steiner said, "For many Small Island Developing States future development is dependent on a very narrow resource base that is constantly challenged by the high-risk impacts of climate change and natural disasters. In our lifetime, there may be small island developing nations that will cease to exist as a result of sea level rise."

"From economic growth to climate change and food security, the issues facing SIDS are multi-dimensional and require integrated action to address them. An inclusive Green Economy approach offers opportunities for SIDS to better manage natural capital, protect the environment, create green jobs and achieve sustainable development. For this end, it is vital that the right enabling conditions are provided to generate and stimulate both public and private sector investments that incorporate broader environmental and social criteria," he added

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