Session 4 | Exploring a New Development Paradigm: Reference to LiFE Economy
In recognition of India’s efforts in further evolving the global debate on climate change, the G20 Bali Leaders Declaration endorsed the concept of sustainable development and lifestyles, resource efficiency, and circular economy. Under India’s presidency of G20, LiFE acquired added momentum with adoption of G20 High Level Principles on Lifestyles for Sustainable Development (Varanasi Principles). In this backdrop the session would explore the idea of LiFE Economy is being viewed as a possible roadmap for sustainability, coherent growth process with inclusion. There are five prominent facets—sustainable consumption and production (SCP), including circular economy, reorienting development finance and prompting resilient infrastructure financing, measuring wellbeing going beyond GDP, embracing social enterprises and community participation for sustainable and equitable development, and mainstreaming ethical and value-based economic systems, technology development, and global governance. Recognizing the continuing challenges of rising inequalities, deepening vulnerabilities, and difficulties in achieving sustainable transitions. The G20 Presidency of Brazil has recognized the need for exploring new opportunities, to be furthered in the South African Presidency next year. The session would look into the broader policy perspectives for a new development paradigm with reference point of LiFE economy.
Speakers:
Ligia Noronha, UN Assistant Secretary-General; Head of the UNEP New York Office
Ibrahim Mayaki, Special Envoy for Food Systems, African Union
Rafaela Guedes, Senior Fellow, the Brazilian Center for International Relations (CEBRI)
Pamla Gopaul, Head of the Policy Bridge Tank Programme, Economic Analysis and Foresight Unit, African Union Development Agency
Nicolas J.A. Buchoud, Founding Principal, Grand Paris Alliance for Metropolitan Development
Moderator:
Pramod K. Anand, Visiting Fellow, Research and Information System for Developing Countries