The Green Economy Initiative (GEI) is designed to assist governments in "greening" their economies by reshaping and refocusing policies, investments and spending towards a range of sectors, such as clean technologies, renewable energies, water services, green transportation, waste management, green buildings and sustainable agriculture and forests.
Greening the economy refers to the process of reconfiguring businesses and infrastructure to deliver better returns on natural, human and economic capital investments, while at the same time reducing greenhouse gas emissions, extracting and using less natural resources, creating less waste and reducing social disparities.
GEI activities include providing advisory services to countries interested in greening their economies, producing research products, and engaging partners to effectively promote and implement Green Economy strategies.
In Asia, UNEP works on national Green Economy initiatives in Indonesia, South Korea, Viet Nam, Cambodia, Lao, Philippines, and Papua New Guinea.
UNEP is working in partnership with the Government of the Republic of Korea to support the country's green economy strategy. Under the plan, UNEP has produced an interim report entitled, "Overview of the South Korean Green Growth National Vision." This is an independent review of the country's "Green Growth National Vision" and five-year Green Growth Plan, and is the first in a series of national and regional initiatives.