A GREEN AND INCLUSIVE ECONOMY: THE FINANCE MINISTERS’ PERSPECTIVE
G20 MINISTERIAL SEMINAR
United Nations Conference on Sustainable Development – Rio+20
June 21, 03:30 PM – 06:30 PM – Riocentro Complex– P3-4 Room
Provisional Agenda as of June 11, 2012 - Estimated times presented
Panel 1: Green and Inclusive Economy: the road to sustainable development
Summary: Speakers will discuss the strategies under implementation in their respective countries to
promote the transformation of the economy - emphasizing that a “green economy” does not entail the
submission of the environment to the logic of the market – but rather that the market must consider
and attend to environmental and social needs.
Chair: Guido Mantega, Minister of Finance of Brazil
3:30 PM
Chair presentation
3:40 PM1

Eveline Widmer-Schlumpf, President of the Swiss Confederation and Head of
the Federal Department of Finance

Pravin Jamnadas Gordhan, Minister of Finance of South Africa

Harold Lovell, Minister of Finance, the Economy and Public Administration of
Antigua and Barbuda

Sheikha Lubna Al-Qasimi, Minister of Foreign Trade of the United Arab
Emirates (Former Minister of Economy)

Villy Søvndal , Minister of Foreign Affairs of Denmark

Fander Falconí Benítez, National Secretary for Planning and Development of
Ecuador

Mahmoud Mohieldin, Managing Director of the World Bank

Christine Lagarde, Managing Director of the International Monetary Fund
Panel 2: Changes in patterns of production and consumption in a context of structural economic
change
Summary: Participants will consider the opportunities provided by the conversion of economies
from the current unsustainable course, plagued by inefficiencies, increasing environmental pressures
and social inequality, to a truly Green and Inclusive Economy. It will be discussed how growth and
sustainable development can be stimulated through green policies, within the shared objective for
strong, sustainable and balanced growth.
Chair: José Antonio Meade Kuribreña, Secretary of Finance and Public Credit of Mexico
Chair presentation
5:00 PM2
5:10 PM
6:10

Bahk Jae-wan, Minister of Strategy and Finance of the Republic of Korea

Hernán Lorenzino, Minister of Economy and Public Finance of Argentina

Ngozi Okonjo-Iweala, Minister of Finance of Nigeria

Karim Djoudi, Minister of Finance of Algeria

Ahmed Shide, Minister of Finance and Development of Ethiopia

Supachai Panitchpakdi, Secretary-General of the UNCTAD

Luis Alberto Moreno, President of the Inter-American Development Bank
Comments by Representatives of the Finance Ministers of China and Japan
Closing Session
6:20
1
2
Final Remarks by Co-Chairs
Speakers – 6 to 8 minutes each.
Time subject to change, as the Second Panel will start right after the end of the First Panel.
A GREEN AND INCLUSIVE ECONOMY: THE FINANCE MINISTERS’ PERSPECTIVE
G20 MINISTERIAL SEMINAR
United Nations Conference on Sustainable Development – Rio+20
Provisional Agenda
June 21, 03:30 PM – 06:30 PM
Riocentro Exhibitions and Conventions Center – P3-4 Room
1) Panel 1: Green and Inclusive Economy: the road to sustainable development
Summary: this panel will focus on the decisive role States must take in order to lead the
transformation of the economy, emphasizing that a “green economy” does not entail the
submission of the environment to the logic of the market – but rather that the market must
consider and attend to environmental and social needs.
Finance Ministers will discuss the strategies under implementation in their respective
countries, such as the contribution that sustainability guidelines for public and state-owned
bank financing can provide to alter economic actors’ incentives to adopt appropriate practices.
Participants are encouraged to discuss other pertinent issues, particularly the gradual
elimination of environmentally harmful subsidies and the potential role of industrial and fiscal
policy for the promotion of sustainable development.
2) Panel 2: Changes in patterns of production and consumption in a context of structural
economic change
Summary: the panel will consider the opportunities provided by the conversion of economies
from the current unsustainable course, plagued by inefficiencies, increasing environmental
pressures and inequality growth, to a truly Green and Inclusive Economy. It has been widely
noted that proper incentives and regulatory frameworks can promote a sustainable pathway for
recovery from economic and financial crisis, creating green jobs, encouraging investments,
increases in productivity and technology adoption, as well as the growth of “green” industrial
and services sectors.
Participants are encouraged to draw attention to the development and implementation of
economic instruments for carbon pricing, such as emissions markets, carbon taxes and related
initiatives.