From Growth to Green Growth : A Framework

Green growth is about making growth processes resource-efficient, cleaner and more resilient without necessarily slowing them. This paper aims at clarifying these concepts in an analytical framework and at proposing foundations for green growth. Th...

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Bibliographic Details
Main Authors:	Hallegatte, Stephane, Heal, Geoffrey, Fay, Marianne, Treguer, David
Format:	Policy Research Working Paper
Language:	English
Published:	2012
Subjects:	AGRICULTURE AIR AIR CONDITIONERS AIR POLLUTION AIR QUALITY ALTERNATIVE POLICIES ASSETS BENCHMARK BENCHMARKING CAPITAL MARKETS CARBON CARBON EMISSIONS CARBON PRICE CARBON TAX CLIMATE CLIMATE CHANGE CLIMATE DAMAGES CLIMATE POLICIES CLIMATE SENSITIVITY COAL COASTAL STORMS COMMON PROPERTY COMMON PROPERTY RESOURCES COMPETITIVENESS CONSUMERS CONSUMPTION PATTERNS COST OF FUEL DEVELOPMENT ECONOMICS DEVELOPMENT POLICY DISCOUNT RATE DISTRIBUTIONAL EFFECTS DISTRIBUTIONAL IMPACTS DOUBLE DIVIDEND DRINKING WATER ECONOMIC ACTIVITY ECONOMIC BENEFITS ECONOMIC DEVELOPMENT ECONOMIC GROWTH ECONOMIC IMPACTS ECONOMIC IMPLICATIONS ECONOMIC PERFORMANCE ECONOMIC POLICIES ECONOMIC PROBLEM ECONOMIC PROGRESS ECONOMIC VALUE ECONOMICS LITERATURE ECONOMICS OF SCALE ECONOMIES OF SCALE ECONOMIES OF SCOPE ELASTICITIES ELASTICITY ELASTICITY OF SUBSTITUTION ELECTRIC POWER EMISSION REDUCTION EMISSION REDUCTIONS EMISSIONS REDUCTION EMPIRICAL EVIDENCE ENERGY CONSUMPTION ENERGY DEMAND ENERGY EFFICIENCY ENERGY EFFICIENCY MEASURES ENERGY EFFICIENCY STANDARD ENERGY EFFICIENCY STANDARDS ENERGY INFRASTRUCTURE ENERGY POLICY ENERGY PRICE ENERGY PRICES ENERGY SAVINGS ENERGY SECURITY ENERGY USE ENVIRONMENTAL ENVIRONMENTAL ACCOUNTING ENVIRONMENTAL BENEFITS ENVIRONMENTAL CATASTROPHE ENVIRONMENTAL CHANGES ENVIRONMENTAL CONSERVATION ENVIRONMENTAL DAMAGES ENVIRONMENTAL DEGRADATION ENVIRONMENTAL ECONOMICS ENVIRONMENTAL EXTERNALITIES ENVIRONMENTAL GOODS ENVIRONMENTAL IMPACTS ENVIRONMENTAL IMPROVEMENT ENVIRONMENTAL ISSUES ENVIRONMENTAL KUZNETS ENVIRONMENTAL MANAGEMENT ENVIRONMENTAL PERFORMANCE ENVIRONMENTAL POLICIES ENVIRONMENTAL POLICY ENVIRONMENTAL PROBLEM ENVIRONMENTAL PROBLEMS ENVIRONMENTAL PROTECTION ENVIRONMENTAL QUALITY ENVIRONMENTAL REGULATION ENVIRONMENTAL REGULATIONS ENVIRONMENTAL TAXATION ENVIRONMENTAL VALUATION EQUILIBRIUM EXOGENOUS SHOCKS EXPECTED UTILITY EXPECTED VALUES EXPENDITURES EXTERNAL COSTS EXTERNALITIES EXTERNALITY FARMS FINANCIAL SUPPORT FISH FISHERIES FISHING FOOD PRODUCTION FORESTRY FOSSIL FUELS FUEL PRICES GDP GDP PER CAPITA GREEN ACCOUNTING GREENHOUSE GASES GROWTH MODELS GROWTH POLICIES GROWTH POLICY GROWTH POTENTIAL GROWTH RATE GROWTH THEORY HIGH UNEMPLOYMENT HUMAN CAPITAL HURRICANES IMPERFECT INFORMATION INCOME INEFFICIENCY INFLATION RATE INVESTMENT IN ENERGY EFFICIENCY IRREVERSIBILITY JOBS LABOR FORCE LABOR MARKETS LABOR PRODUCTIVITY LAND USE LIVING STANDARDS
Online Access:	http://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000158349_20111207171314 http://hdl.handle.net/10986/3670

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Summary:	Green growth is about making growth processes resource-efficient, cleaner and more resilient without necessarily slowing them. This paper aims at clarifying these concepts in an analytical framework and at proposing foundations for green growth. The green growth approach proposed here is based on (1) focusing on what needs to happen over the next 5-10 years before the world gets locked into patterns that would be prohibitively expensive and complex to modify and (2) reconciling the short and the long term, by offsetting short-term costs and maximizing synergies and economic co-benefits. This, in turn, increases the social and political acceptability of environmental policies. This framework identifies channels through which green policies can potentially contribute to economic growth. However, only detailed country- and context-specific analyses for each of these channels could reach firm conclusion regarding their actual impact on growth. Finally, the paper discusses the policies that can be implemented to capture these co-benefits and environmental benefits. Since green growth policies pursue a variety of goals, they are best served by a combination of instruments: price-based policies are important but are only one component in a policy tool-box that can also include norms and regulation, public production and direct investment, information creation and dissemination, education and moral suasion, or industrial and innovation policies.

From Growth to Green Growth : A Framework

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