environmentalconsequences, especially women and children. Development of a system thatcannot ensurethe well being of all the citizens does not have capability to sustain itself. Weneed to reflect onthe current trickle-down approach to alleviating poverty and focus on actualaction to eradicate poverty, particularly after the global financial crisis. Suchcan be achieved in tandem with a green economy, in which ethical andsustainable workplaces can be created, environmental consequences of uncontrolled exploitation can be mitigated, and natural capital can be built andharnessed.5. While it is tempting to think that achieving a green economy is tantamountto achievingsustainable development, we are of the opinion that a green economy willreinforce sustainable development but not substitute it.6. In Asia Pacific, the biggest impediment to achieving a green economy lieswith the lack of financial resources to kick-start the process, but there is sentiment in theregion that the initial cost of investing in the transition to a green economy willbe well offset by the benefits and long-term survivability, and increasingly,such a notion is becoming more a necessity than an option.
7. Key components of a green economy for the Asia Pacific:7 a) Sustainable agriculture: A large sector of Asia Pacific country economies isagriculture, usually accounting for most of Gross Domestic Product figuresand/or employing the most people out of all other industries. There isextensive research that indicates strong correlation between agriculturalgrowth and poverty reduction in such countries whose primary resource isarable land, including Indonesia, Nepal, Pakistan and Philippines. As aresult of the boom in the agriculture industry due to the Green Revolution,lavish, unplanned and indiscriminate land clearing for agricultural use andheavy use of chemical pesticides resulted in many other problems such asdevelopment of insect resistance to pesticides and consequent use of stronger chemicals; destruction of primary rainforest; environmentalpollution (soil, water, air) due to surface run-off; loss of land fertility;damage to wild life and loss to biodiversity have emerged. Hence, it isimperative that agriculture be made sustainable to firstly, feed the hungryin the world and prevent food crises, secondly, to protect natural forestsby maintaining fertility for agricultural land, and thirdly, to reduceaccumulation of harmful chemical substances in nature and in our foods.7 b) Restoration of natural resources, including fisheries: Being at the tropicalbelt of the world, Asia Pacific countries have unparalleled biodiversity andnatural resources which are have been, and are currently being exploitedfor raw materials. As part of the achievement of a green economy, naturallandscapes made barren by industrialization, including unsustainableagricultural practices and uncontrolled fishing, have to be restored andprotected. Remaining plots of primary land have to be conserved byplacing economic worth on seeming invisible ecosystem services.7 c) Sustainable freshwater supply2