{"title":"Policies for green growth versus policies for no growth: a matter of timing","authors":"R. Lipsey","doi":"10.4337/9781788110686.00007","DOIUrl":"https://doi.org/10.4337/9781788110686.00007","url":null,"abstract":"Advocates of green-growth policies and those who advocate policies to stop growth both accept that the world faces serious environmental problems. They disagree on and debate about appropriate remedies. Green-growth advocates argue that it is possible to create a green economy compatible with sustained growth. The no-growth advocates argue that the whole growth process must be stopped if the planet is to be saved from catastrophe. This short paper argues that choosing the optimal policy for dealing with these serious problems does not require deciding which group is right. Instead it is argued that the optimal policy is to act as if the green-growth advocates are right and only if they are proved wrong by the failure of their policies to do the job, should no-growth policies be attempted.","PeriodicalId":171628,"journal":{"name":"Handbook on Green Growth","volume":"1 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2016-04-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"123083110","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
P. Aghion, C. Hepburn, A. Teytelboym, Dimitri Zenghelis
{"title":"Path dependence, innovation and the economics of climate change","authors":"P. Aghion, C. Hepburn, A. Teytelboym, Dimitri Zenghelis","doi":"10.4337/9781788110686.00011","DOIUrl":"https://doi.org/10.4337/9781788110686.00011","url":null,"abstract":"Shifting our fossil-fuelled civilisation to clean modes of production and consumption requires deep transformations in our energy and economic systems. Innovation in physical technologies and social behaviours is key to this transformation. But innovation has not been at the heart of economic models of climate change. This paper reviews the state of the art on the economics of innovation, applies recent insights to climate change. The core insight is that technological innovation is a path-dependent process in which history and expectations matter greatly in determining eventual outcomes This insight has six important implications for climate policy design. First, efficient climate policy requires direct research subsidies for inducing and/or diffusing clean innovations, combined with carbon pricing (whether by taxes or trading). Second, both public and private sector involvement is required — private market forces need to be mobilised and redirected towards cleaner energy sources by governments. Third, path dependence and system inertia imply that delaying policies that redirect innovation towards clean technologies significantly increases costs in the future. Fourth, more developed countries should act as leaders in clean technology and should subsidise access to such technologies for less developed countries. At the same time, they should consider the possibility of using border carbon adjustments against any country that would take advantage of the new environmental policies by specialising in the production and export of fossil fuel intensive products. Fifth, if a transition from coal to clean energy is to be made via intermediates (for example, gas), the use of gas (without carbon capture) should be agreed to be on a time-limited basis. Further, to avoid gas lock-in, research in fully clean technologies would need to be strongly stepped up over the intervening period, along with other supportive policies. Finally, investment in coal should not be encouraged, as its continued use is only safe if we assume the cost-effectiveness of carbon capture and storage (CCS) technologies. While much greater efforts should be taken to reduce the costs of CCS, the speed that these technologies can be developed and deployed is uncertain.","PeriodicalId":171628,"journal":{"name":"Handbook on Green Growth","volume":"17 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2014-11-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"115014575","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"The invisible hand and the weightless economy","authors":"D. Quah","doi":"10.4337/9781788110686.00030","DOIUrl":"https://doi.org/10.4337/9781788110686.00030","url":null,"abstract":"As modern economies grow, production and consumption shift towards economic value that reside in bits and bytes, and away from that embedded in atoms and molecules. This paper discusses the implications of such changes for the nature of ongoing growth in advanced economies and for the dynamics of earnings and income distributions - polarization, inequality - across people within societies.","PeriodicalId":171628,"journal":{"name":"Handbook on Green Growth","volume":"37 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"1996-05-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"122155130","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Climate change policy, innovation and growth","authors":"Antoine Dechezleprêtre, Ralf Martin, S. Bassi","doi":"10.4337/9781788110686.00018","DOIUrl":"https://doi.org/10.4337/9781788110686.00018","url":null,"abstract":"","PeriodicalId":171628,"journal":{"name":"Handbook on Green Growth","volume":"15 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"1900-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"132228928","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Addressing the political economy of green industrial policy with economic geography","authors":"Maria Carvalho","doi":"10.4337/9781788110686.00021","DOIUrl":"https://doi.org/10.4337/9781788110686.00021","url":null,"abstract":"","PeriodicalId":171628,"journal":{"name":"Handbook on Green Growth","volume":"201 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"1900-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"134347466","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Inclusive labour markets for green growth","authors":"A. Bowen","doi":"10.4337/9781788110686.00015","DOIUrl":"https://doi.org/10.4337/9781788110686.00015","url":null,"abstract":"","PeriodicalId":171628,"journal":{"name":"Handbook on Green Growth","volume":"32 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"1900-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"126628409","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Targeted technology strategies for low-carbon economic growth: linking bottom-up and top-down assessments","authors":"I. Wing","doi":"10.4337/9781788110686.00014","DOIUrl":"https://doi.org/10.4337/9781788110686.00014","url":null,"abstract":"This chapter investigates the consequences of policies that attempt to mitigate greenhouse gas emissions without slowing the growth of the economy by improving energy efficiency in a set of target sectors. We develop a theoretical framework that unifies bottom-up marginal abatement cost curves, partial equilibrium techno-economic simulations, and analytical general equilibrium modeling. The framework is then applied to engineering assessments of energy efficiency technology deployments in Armenia and Georgia. Our results provide a practical demonstration of how to incorporate bottom-up technology detail on energy-efficiency improvements into an economic model that is simple and easily calibrated, but whose simulations throw into sharp relief the economy-wide opportunity costs and environmental benefits of technology deployment policies. The latter reveal how MAC curves can paint a misleading picture of the true potential for both abatement and economic growth when technological improvements operate within a system of general equilibrium interactions, but also highlight how the use of their underlying data to identify technology options with large investment elasticities of productivity improvement can lead to more accurate assessments of the economic consequences of low-carbon growth strategies. JEL classification: C68, Q48, Q54, Q55, Q65","PeriodicalId":171628,"journal":{"name":"Handbook on Green Growth","volume":"37 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"1900-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"122481256","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"The transition from a fossil-fuel economy to a knowledge economy","authors":"R. Fouquet","doi":"10.4337/9781788110686.00031","DOIUrl":"https://doi.org/10.4337/9781788110686.00031","url":null,"abstract":"","PeriodicalId":171628,"journal":{"name":"Handbook on Green Growth","volume":"77 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"1900-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"117283059","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Economic transformation and green growth for African economies","authors":"Russell Bishop","doi":"10.4337/9781788110686.00027","DOIUrl":"https://doi.org/10.4337/9781788110686.00027","url":null,"abstract":"","PeriodicalId":171628,"journal":{"name":"Handbook on Green Growth","volume":"45 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"1900-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"116492982","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"The challenge of decoupling economic expansion and environmentally damaging energy uses: can energy efficiency actions deliver cleaner economic expansion?","authors":"K. Turner","doi":"10.4337/9781788110686.00013","DOIUrl":"https://doi.org/10.4337/9781788110686.00013","url":null,"abstract":"","PeriodicalId":171628,"journal":{"name":"Handbook on Green Growth","volume":"93 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"1900-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"115666922","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}