The First Regional Policy Dialogue: Towards Green Growth in Asia and the Pacific: Eco-efficiency through Green Tax and Budget Reform was held from 8 to 9 November 2005 in Seoul, Republic of Korea and was organized by UNESCAP in collaboration with the Korean Association of Public Finance and Economics (KAPFE) and the Korea Institute of Public Finance (KIPF).

The First Regional Policy Dialogue was attended by more than 30 participants, including representatives of the Ministries of Finance and of Environment of 9 member countries of UNESCAP as well as representatives of the World Bank, Asian Development Bank, OECD, IGES, private sector and research institutes.

The Policy Dialogue explored green tax and budget reform as one of many possible tools and means to operationalize the concept of "Green Growth" and thereby improve the eco-efficiency of economic growth.