Valuing natural resources critical to Africa's 'green economy' growth
The next wave of investment and innovation in Africa will be driven by the need for new energy resources, wealth generation and job creation, Executive Director of the UN Environment Programme, Achim Steiner said to a high-level African ministerial conference on green economy in Oran, Algeria on 22 February.

In a green economy, growth in income and employment is driven by public and private investment that reduces carbon emissions and pollution, enhances energy and resource efficiency, and prevents the loss of biodiversity and ecosystem services.

The UN-backed Green Climate Fund also agreed on guidelines that will shape its work and activities. The Fund is intended to act as a central tool to finance climate change action, both adaptation and mitigation, in developing countries.

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