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Raidma: Economic growth does not have to come at the expense of the environment
Minister of the Environment Mati Raidma, who introduced the developments of Estonia at the United Nations Climate Change Conference in the capital of Peru in Lima, said that in the presence of good will, simultaneous rapid growth and increase in environmental sustainability are possible.
“Compared to 1990, we have managed to double our GDP and at the same time, reduced greenhouse gas emissions by half in Estonia today,” Raidma brought Estonia as a good example of how it is possible to grow the economy and make it in an environmentally friendly way.
According to Raidma, this has not come without principal financing decisions. “In recent years, we have invested 400 million euros in various projects reducing climate changes, which is more than 2% of GDP. Also, our successful sales process of assigned amount units played a great role in this,” Minister of the Environment said.
Lima Climate Change Conference is the last major meeting before the next year’s climate conference to be held in Paris in December, where it is expected to adopt a global legally binding climate change agreement, covering all countries and taking effect from 2020.