GEC Steering Group, Thursday 25th May 2017– MINUTES

The GEC Steering Group discussed a strategic proposal to map Sustainable Development Goals (SDGs) to a capitals model to provide a macroeconomic framework for green and fair economies. The group approved commissioning research from the Oxford Martin School to investigate the substitutability of different capitals and the limits of natural capital. Additionally, the group welcomed the Scottish Wildlife Trust as a new partner and noted upcoming events in Germany and Trinidad.

• The GEC Steering Group is adopting a strategy to use a 'capitals model' to bridge the gap between Sustainable Development Goals (SDGs) and the Green Economy (GE), aiming to prevent SDGs from diverting attention away from GE and to move SDGs into the 'economic mainstream'.
• The GEC is commissioning Professor Cameron Hepburn and the Institute of New Economic Thinking at the Oxford Martin School to research five specific questions regarding the complementarity or substitutability of natural, human, and physical capitals, the limits of substitutability as natural capital declines, and the balance between efficiency and resilience.
• The Steering Group identified the need for a tool to integrate SDGs and Capitals, suggesting that development be led by entities such as UN Stat and the World Bank's wealth accounting divisions, while seeking synergies with the UN Inclusive wealth Index and the World Business Council for Sustainable Development (WBCSD).
• The GEC has admitted the Scottish Wildlife Trust as a new partner to leverage its role as the organiser of the World Forum on Natural Capital and to improve engagement with business leaders and policymakers.

APA

Green Economy Coalition (2017). GEC Steering Group, Thursday 25th May 2017– MINUTES. https://www.greeneconomycoalition.org/assets/reports/Governance-Docs/GEC-SG-May-2017.pdf

Chicago

Green Economy Coalition. GEC Steering Group, Thursday 25th May 2017– MINUTES. 2017. https://www.greeneconomycoalition.org/assets/reports/Governance-Docs/GEC-SG-May-2017.pdf.

Wikipedia

{{cite report |author=Green Economy Coalition |title=GEC Steering Group, Thursday 25th May 2017– MINUTES |date=25 May 2017 |url=https://www.greeneconomycoalition.org/assets/reports/Governance-Docs/GEC-SG-May-2017.pdf |access-date=23 October 2026 |via=Climate Insights Directory}}

BibTeX

@techreport{greeneconomycoalition2017gec, author = {{Green Economy Coalition}}, title = {{GEC Steering Group, Thursday 25th May 2017– MINUTES}}, institution = {Green Economy Coalition}, year = {2017}, month = may, url = {https://www.greeneconomycoalition.org/assets/reports/Governance-Docs/GEC-SG-May-2017.pdf}, urldate = {2026-10-23}, note = {Indexed by Climate Insights Directory} }