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Economic Development Policy 2016

2016PolicyAdaptation, MitigationMore details
Sectors: Agriculture, Energy, Health, Tourism, Transport
The Economic Development Policy (EDP) sets the agenda and the general direction for the development of sectors with the highest potential. This Policy departs from the usual sector based approach and has been prepared in consultation with a wide range of stakeholders from private to government. 

The EDP promotes that the economic development process shall take into account environment main-streaming in a phased manner that allows for industries to grow as well as engage in cleaner production. 

The success of the country’s environment conservation efforts is one of the main drivers for developing the “Brand Bhutan” theme (highest priority to environmental conservation). Protection of biodiversity, genetic resources and promotion of indigenous knowledge are ones of the main goals. 

Bhutan’s commitment to remain carbon neutral contributes to developing the “Brand Bhutan” theme and will be pursued to capitalize on the opportunities arising from the global trends towards low emission development and global best practices. 
Examples:
Resilient infrastructure, Fossil fuel divestment, Net zero growth plan, Sustainable fishing

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Economic Development Policy 2016
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The summary of this document was written by researchers at the Grantham Research Institute . If you want to use this summary, please check terms of use for citation and licensing of third party data.