U.S. commerce secretary stresses importance of green growth

10:57, May 19, 2011      

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U.S. Commerce Secretary Gary Locke on Wednesday stressed the importance of green growth in the development of Asian and Pacific regions, calling it "an entirely new way of economic growth."

In a keynote speech delivered at the meeting of senior officials of members of the Asia-Pacific Economic Cooperation (APEC) forum in Big Sky, Montana, Locke emphasized the importance of growing green jobs in APEC's member economies and the economic and trade opportunities the new drive can bring about.

"Green growth is more than just a solar company or a wind turbine plant, it's an entirely new way of economic growth," said Locke. "It should be a central focus of the growth of small- and medium-sized businesses."

"Through these meetings, APEC will work to create a supportive environment that can stimulate innovation and foster green growth for years to come," said Locke, who has been nominated by U.S. President Barack Obama as the next U.S. ambassador to China.

The best green economic opportunities lie in creating favorable conditions for small- to medium- sized businesses and entrepreneurs, Locke said.

Also on Wednesday, when addressing the Small and Medium Enterprise (SME) Enhancing Competitiveness through Green Growth Forum held in Big Sky, Locke said the best green economic opportunities lie in creating favourable conditions for small- to medium-sized businesses and entrepreneurs.

Locke urged small- and medium-sized businesses throughout the Asia-Pacific region to incorporate green growth strategies into their business development plans to increase their global competitiveness.

"We can't predict what technologies or innovations are going to completely change the game on energy or efficiency. But we do know that when these bursts of innovation happen there's very likely to be an entrepreneur responsible," he said.

The forum, which was held on the sidelines of the senior officials' meeting, provided an opportunity for discussing ways to help APEC economies incorporate green growth policies into the business development plans of SMEs.

Established in 1989 by 12 economies, including the United States, the APEC has served as the premier economic organization in the Asia-Pacific region.

The United States will host APEC meetings in 2011 for the first time since 1993.

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