The Global Green Growth Forum (3GF) was launched in 2011 by the Governments of Denmark, the Republic of Korea and Mexico. In 2012, China, Kenya and Qatar joined the partnership, and in 2014 Ethiopia became the 7th partner.
Fossil Fuel Free Vision 2050 – Denmark has an ambitious strategy for becoming a fossil fuel free economy by 2050 and boasts an impressive track record in the area of renewable energy with the aim to have all electricity and heat supply coming from renewable energy by 2035 and coal to be phased out from Danish power plants and boilers by 2030. In 2009, the Danish Government launched a Green Growth Agreement representing a 50 % increase in investments, equalling USD 2.44 billion, until 2015 with a focus on environmental, nature and climate protection as well as modern and competitive agriculture and food industries. Denmark will address climate change through active policymaking. In august 2013, the Danish Government put forward a Climate Policy Plan that aims for a 40 % reduction in greenhouse gas emissions by 2020 compared to 1990 levels.
Climate-Resilient Green Economy - The Ethiopian Government adopted an ambitious Climate-Resilient Green Economy (CRGE) strategy in 2011 with the aim of achieving middle-income status by 2025 through building a green economy with carbon neutral growth. The CRGE sets the green agenda with clear goals for streamlining climate through all sectors entailing actions to reduce greenhouse gas emissions while safeguarding economic growth, including greening agriculture, protection and re-establishment of forests as well as expansion of electric power generation from renewable sources of energy for transport, industry and household use. At the same, it also reflects Ethiopia’s high vulnerability to climate change and frequent exposure to climate extremes.
Creating a Green Growth National Model - The Republic of Korea adopted a green growth strategy in 2009, a Framework Act on Low Carbon Green Growth, the first law of its kind in the world, and released a National Strategy for Green Growth and Five-Year Plan for Green Growth based on the concept of transforming climate change into opportunities. Today, Korea spends approximately 2 % of their annual GDP on green growth programs and projects and has already spent USD 2.6 billion between 1993 and 2012 and plans to increase this number to USD 31 billion by 2020.
Accelerating Renewable Energy - Between 2003-2012, Mexico received USD 7.4 billion in Foreign Direct Investment in renewable energy, and the country is already the world’s 20th largest producer of wind energy, 4th largest producer of geothermal energy while also having huge potentials within solar and hydropower. In October 2012, the Mexican Senate put the Climate Change Law into effect, committing the country to a 30 % reduction of greenhouse gas emissions by 2020. Achieving this goal will give a huge boost to Mexico’s renewable energy sector, moving it from today’s level of 23 % electricity generation to 35 % by 2024. To achieve its ambitions the present government in its recently adopted energy reform has amongst other thing made it significantly easier to integrate renewable energy sources in the electricity grid. The liberalisation through the energy reform of both the electricity and the oil and gas sector is expected in general to lead to green business opportunities
Transitioning to a Cleaner Economy - As the fastest growing major economy in the world, the importance of China adopting a green growth agenda is hugely significant for accelerating the global transition to a sustainable economy. In 2011, China led the world in investment in renewable energy with more than USD 52 billion invested and has committed to investing more than USD 350 billion on energy efficiency measures by 2016.
Developing a Green Action Plan - In 2012, Kenya launched an ambitious “National Climate Change Action Plan” for the period of 2013-2017. The investments in renewable energy have already grown from virtually zero in 2009 to USD 1.3 billion in 2010. Green economy is at the centre of the new administration’s policy agenda in line with the “Vision 2030” of enabling a low carbon economic growth. Kenya has one of the fastest growing economies in Africa with an annual growth of more than 5 %.
Solar Beacon in the Middle East - With one of the highest solar irradiation rates in the world, Qatar is embracing the concept of green. The country aims to generate 16 % of its electricity from solar power by 2018. The country has committed to invest USD 125 billion to develop the renewable energy sector including an 1800MW solar power plant, hosting a carbon-neutral 2022 FIFA World Cup, and achieving environmental sustainability which is a key pillar of the Qatar National Vision 2030.