A green economy is a system that enables the sharing of the planet’s resources to benefit everyone, not just those who can afford it.
Green economies have emerged around the world, but Australia’s is by far the largest.
The Commonwealth Bank, which is the largest financial institution in the world with more than $10 trillion in assets, is the latest bank to sign up.
“The concept of ‘greener’ is so deeply embedded in Australian society, in the culture, in what we do, in our institutions that it’s almost almost an ingrained part of our psyche,” said Andrew Wylie, chief executive of the Commonwealth Bank.
“If we don’t change that, we’re going to be at risk of being a world power, because we’re so dependent on our exports.”
A world of greener goods and services will require a world of better services, including more efficient transportation and information technology, said Wylies co-founder and chief executive, Bill McNeilly.
“It’s really important that we have good infrastructure, we have strong roads and our electricity grid is so efficient,” he said.
A new, cleaner way to deliver services is also needed to protect our climate and our people, he said, adding that the future of Australia depends on it.
“We’re going in the right direction, but it’s going to take time,” McNeillies said.
“But if we can take this one step at a time, we can build a new, more sustainable world for ourselves and the world.”