Political and Institutional Issues (PIIs)

Green economics will seek to enhance local economy, supports bio-regional developments, democracy (public participation and freedom to choose) and access for all and seeks the adoption of global governance through new institutions designed entirely for this purpose. This is against the backdrop of global corporations which, though unelected, are powerful among many nation states. These corporations increasingly take the place of public decision-making, privatizing and controlling important public assets including ownership of water supply. The importance of incorporating political dimensions in economics is clearly illustrated by the worldwide resistance by many nations to ratify the Kyoto Protocols (16 February, 2005). The success story of the Paris Agreement in 2015 was made possible by the commitment and consequent ratification by many world leaders. Issues to be tackled under this thematic area include but not limited to the following: examination of power structures, reformulation of global institutions to provide global governance, bio-regional developments. The goals and action agenda for West Africa in this thematic area include but not limited to the following