This workshop proceedings discusses ancillary effects of greenhouse gas mitigation.

There is growing interest among policymakers for the prospects of decoupling economic growth from environmental degradation, in order to achieve improved environmental quality without compromising economic growth. However, whilst decoupling indicators give a reasonably good measure for potential or progress towards sustainability, decoupling is neither a sufficient nor a necessary condition for sustainability. Decoupling indicators, unlike many other statistical efforts related to the environment, are not meant to summarise the general state of the environment, but rather to measure countries' progress towards mitigating or alleviating particular environmental pressures from relevant driving forces.

This publication serves as a roadmap for exploring and managing climate risk in the U.S. financial system. It is the first major climate publication by a U.S. financial regulator. The central message is that U.S. financial regulators must recognize that climate change poses serious emerging risks to the U.S. financial system, and they should move urgently and decisively to measure, understand, and address these risks. Achieving this goal calls for strengthening regulators’ capabilities, expertise, and data and tools to better monitor, analyze, and quantify climate risks. It calls for working closely with the private sector to ensure that financial institutions and market participants do the same. And it calls for policy and regulatory choices that are flexible, open-ended, and adaptable to new information about climate change and its risks, based on close and iterative dialogue with the private sector. At the same time, the financial community should not simply be reactive—it should provide solutions. Regulators should recognize that the financial system can itself be a catalyst for investments that accelerate economic resilience and the transition to a net-zero emissions economy. Financial innovations, in the form of new financial products, services, and technologies, can help the U.S. economy better manage climate risk and help channel more capital into technologies essential for the transition. https://doi.org/10.5281/zenodo.5247742

This publication considers the importance of developing cross-sectoral links between sustainable forest management and other economic sectors, in order to help establish effective national policy frameworks and implementation. It includes a CD-ROM which contains country case studies on Brazil, Italy, Mali, Mexico, Romania, Tanzania and Thailand, as well as the proceedings of a FAO technical meeting held in Rome in September 2002.