*[Enwl-eng] [cenn] GEF CEO Urges Private Sector Engagement toProtect Global Environment

[ENWLine]

GEF CEO and Chairperson Naoko Ishii in her opening remarks at the
International Economic Forum of the Americas.



GEF CEO Urges Private Sector Engagement to Protect Global Environment



At the International Economic Forum of the Americas, Naoko Ishii urges
governments, institutions to develop policy frameworks to increase
private-sector collaboration to reverse current environmental trends.



MONTREAL, June 11, 2013 - Governments and global institutions should
establish and enhance policy frameworks that will provide appropriate market
signals to the private sector in efforts to sustain the earth's natural
capital, the head of the Global Environment Facility said today at an
international conference.



Addressing the Plenary at the International Economic Forum of the
Americas on Tuesday, GEF CEO and Chairperson Naoko Ishii said the global
environment is approaching crisis, "business as usual" will not suffice, and
only with greater involvement of the private sector can negative
environmental trends be reversed.



"The private sector accounts for 80 percent of economic activity, so
it will be the actions taken by the private sector that will determine if
the globe can successfully turn around worrying environmental trends," Ishii
said. "Governments and global institutions like the GEF must step up to
ensure that appropriate policy frameworks are in place so that broader and
longer term values for natural capital are included in decision-making."



The GEF has been helping the governments strengthen policy framework,
for example, through the creation of feed-in tariffs for renewable energy,
stronger building codes, and standards to phase out inefficient lighting.



"However, for the current collision course with nature to be avoided",
Ishii expressed, "we need to do more and in a different way. We would like
to request the private sector to reach out to us to share ideas of how best
we can help create a policy environment enabling the private sector to
incorporate long term value of natural capital in their decision making.
There is no way we can succeed in protecting the global environment without
strong private sector engagement."





For media inquiries:



In Washington, DC: John Diamond, jdia...@thegef.org



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