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G-20 MEMBERS109regional programmes have been fully developed, 25are undergoing approval proceedings while 4 more arebeing drafted. Our colleagues, the governors, mustaccelerate the implementation process or, in case offailure, give their explanations. At present even thedocuments in question are of poor quality as many ofthem lack exact targets, specific activities,programmes performance indicators, financing andmanagement mechanisms. Many regional budgets donot even envisage allocations for such programmes.Of course I am aware of budgeting difficulties,especially at the present time; on the other hand we allunderstand what kind of investment this is. It is aninvestment not only in our future, but also in a betterlife. Ultimately, such investments will amount tobudgetary savings, therefore approach to this kind ofspending should be rational.Just recently, on October 21, the Governmentapproved a new ten-year national programme onenergy saving and energy efficiency improving, aimedat essentially reducing the energy intensity of Russia'sGDP, by at least 13.5 per cent by 2020. One of themain mechanisms for implementing this governmentprogramme is co-financing regional projects. Over thenext three years we plan to allocate about 17 billionrubles [0.6 billion dollars] to this. Once again, I wouldnote that the governors must pay special attention to these efforts. We will discuss this topic in the near future. nThis is an edited version of President Medvedev'sopening remarks at the meeting of the Commission forModernisation and Technological Development ofRussia's Economy in Naberezhnye Chelny on 26October 2010. For more information please visit:www.eng.kremlin.ru.

" "THROUGH OURACTIONS, WE NEEDTO RESPOND TOTHE NOTION THATTHERE IS A TRADE-OFF TO BE MADEBETWEEN FASTERECONOMICGROWTH AND THEPRESERVATION OF OUR ENVIRONMENTs one of our priorities, we have theimperative to contribute to building abetter Africa and a better world. To dothat, we should amongst other things,tackle the challenges of climate change and chart aneconomic path that is both fair and sustainable. Climate Change is one of the greatest sustainabledevelopment challenges of our time. Solutions to dealwith this challenge require a concerted internationaleffort. To this end, we sought to play a meaningful andconstructive role in the COP 15 Climate ChangeSummit in Copenhagen in December last year.We had hoped to achieve an international agreementthat would give equal attention to the reduction ofgreenhouse gas emissions and adaptation to theeffects of climate change. We had an obligation tobalance both climate and development imperatives. We wanted to secure the Convention principles of"equity" and "common but differentiatedresponsibilities". Though this outcome was notrealised, COP 15 moved us a number of steps closer toour goal. We are committed to the continuingnegotiations and look forward to a balanced agreementin Mexico later this year. Our commitment to tackle climate change does notrest only on the achievement and implementation ofinternational agreements. Our commitment must beborne out by what we do here at home. We have themeans indeed, the responsibility to ensure that ourpolicies, programmes and activities contribute toemission reduction and respond to the impact ofclimate change on our country and region. There is great opportunity in the development ofindustries that combat the negative effects of climatechange. South Africa needs to develop strong capacityin green technologies and industries. Through ouractions, we need to respond to the notion that there isa trade-off to be made between faster economic growthand the preservation of our environment. The creation of decent work is one of the top fivepriorities of this government. The pursuit of this priorityis closely linked to the other four priorities: education,health, rural development, and the fight against crimeand corruption. We believe that by stimulatinginvestment in green industries, we will be able tocontribute to the creation of decent work. In our Medium Term Strategic Framework, whichguides government's programme for 2009 to 2014, we undertake to pursue and further explore theconcept of "green jobs", including scaling up labour-intensive natural resource management practiceswhich contribute to decent work and livelihoodopportunities. We are in particular pursuing investments in projectsand industries in the fields of marine aquaculturedevelopment, wildlife management, waste servicesand ecosystems rehabilitation programmes. Efforts tomeet the energy efficiency target of 12 per cent by2015 and our renewable energy targets will beenhanced by creating an enabling environment forrenewable energy. We also understand a green economy to be even broader than that. It should seek to address the interdependence between economic growth, social protection and the preservation of naturalecosystems. In the midst of the global economic crisis, the United Nations Environment ProgrammeOPPORTUNITY FOR THE DEVELOPMENT OF GREENECONOMY IN SOUTH AFRICA110G-20 MEMBERSJACOB ZUMA, PRESIDENT, REPUBLIC OF SOUTH AFRICAAPhoto: UN Photo