An excellent explanation of why the notion of the green economy is ultimately flawed.

Originally posted on green alliance blog:

This is a guest post by Hannah Griffiths, head of policy and campaigns at the World Development Movement. She argues that measures to value nature and ecosystem services will only serve to undermine progress. 

The battle for the meaning of the words ‘green economy’ at the Rio+20 summit will be every bit as fraught as the battle for the meaning of the words ‘sustainable development’ was twenty years ago. And the outcome is likely to encompass an ‘all things to all people’ type approach. This is leading to some contradictory policy measures being proposed under the heading green economy.

There are many positive proposals in the green economy agenda, such as tax reform and regulation. But one key policy measure – the valuation of natural resources and ecosystem services – threatens to undermine any progress made in other areas.

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