UNEP Green Economy Advisory Services – Peru
The United Nations Environment Program (UNEP) has partnered with Peru to build on Peru’s already relatively successful BioTrade-related national program, in order to catalyze the country’s transition to a green economy.
The Green Economy Advisory Services provides governments with policy advice, technical assistance and capacity building to help governments develop and implement initiatives to transform and revitalize their economies. For information on the program globally, click here.
Peru has experienced an unprecedented period of economic growth over the past years. Underpinned by the country’s political and economic stability, investments are booming.
The Peruvian BioTrade has experienced its own success story, achieving an average annual growth of 20% over the last five years(as of 2011) . Peru is considered to be one of the most biodiverse countries in the world.
Several factors have driven the success of BioTrade in Peru:
- national policies and a proactive private sector
- national programs for promoting BioTrade
- Peruvian companies are receptive to the sector
- favorable global market trends driven by a strong international consumer demand;
- establishment of public-private partnerships, and
- investments. It can be estimated that from 2007 to 2010, at least USD 7 million have been invested in BioTrade-related activities.
The Green Economy Advisory study is part of the UNEP and GIZ Capacity Building for BioTrade project launched in 2008. The project was implemented in three pilot countries – Namibia, Nepal and Peru – and is based on UNEP’s green economy approach, which holds that interventions are needed to mobilize and re-focus the global economy towards investments and expenditure in economic sectors that can create decent jobs and livelihoods, and stimulate and sustain economic development while reducing poverty and conserving natural resources.
The main purpose of this study is to build a framework of action that will strengthen Peru’s BioTrade-related national program and will serves as a catalyst for the country’s transition to a green economy.
The main challenges for enhancing BioTrade in Peru are:
- limited resources for public policies;
- lack of access to financing for producers;
- lack of investments for Research and Development (R&D);
- limited capacity building, and
- high standards in international markets for BioTrade products.
BioTrade can become the heart of Peru’s transition to a green economy. The study concludes that there is a potential for scaling up BioTrade in Peru up to 40 per cent annually until 2020. The creation of an enabling environment will require:
- an increased availability of finance either public and private,
- enhanced production and productivity through investments in R&D activities,
- increased public awareness about BioTrade products,
- the expansion of financial resources for capacity building and training in public and private sectors,
- strengthening the institutional coordination framework between the Ministry of Economy and Finance and the National BioTrade Commission,
- improvement of the current BioTrade business environment by introducing economic and fiscal incentives for foreign and local companies, and
- setting up additional government social initiatives to improve the situation of impoverished groups.
Outputs and resources
To view the full country profile for Peru on the UNEP website click here.