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Green growth

Jacobs, Michael (2013) Green growth. In: Falkner, Robert, (ed.) The Handbook of Global Climate and Environment Policy. Wiley-Blackwell, Chichester, UK, pp. 197-214. ISBN 9780470673249

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Identification Number: 10.1002/9781118326213.ch12

Abstract

The chapter explores the concept of “green growth” as it has emerged in international policy discourse over recent years. Identifying the core meaning of the concept and sister terms such as “green economy,” it relates green growth to the prior concept of sustainable development. The chapter distinguishes between a “standard” version of green growth which asserts the long-run economic benefit of environmental protection and a “strong” interpretation which claims, more boldly, that environmental policy can be a driver for growth. Three different forms of this claim are identified and the evidence for them surveyed. The first is a Keynesian argument for short-term “green stimulus” in times of recession. Second, a revision of standard growth theory identifies the contribution made to growth by investment in natural capital and the correction of a variety of market failures through environmental policy. Third, the theories of comparative advantage and long waves of growth emphasize the importance of technological innovation in generating growth. The chapter offers some conclusions on the political economy of green growth and how likely it is to succeed in increasing the priority given to environmental policy.

Item Type: Book Section
Official URL: http://onlinelibrary.wiley.com/
Additional Information: © 2013 John Wiley & Sons, Ltd
Divisions: Grantham Research Institute
Subjects: G Geography. Anthropology. Recreation > GE Environmental Sciences
Sets: Research centres and groups > Grantham Research Institute on Climate Change and the Environment
Date Deposited: 02 Jan 2014 14:14
Last Modified: 20 Jun 2020 00:45
URI: http://eprints.lse.ac.uk/id/eprint/55094

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