"Green Growth" : An Exploratory Review

The concept of "Green Growth" is a focus of much interest and considerable debate among decision makers concerned with enhancing both nearer-term economic progress and longer-term environmental sustainability. Proponents of Green Growth emphasize not only the need to protect various forms...

Full description

Bibliographic Details
Main Author:	Toman, Michael
Format:	Policy Research Working Paper
Language:	English
Published:	World Bank, Washington, DC 2012
Subjects:	ADVERSE IMPACTS AGRICULTURE AIR POLLUTION ALLOCATION BENCHMARK CAPITAL INVESTMENT CAPITAL STOCKS CARBON CARBON EMISSIONS CLEAN ENERGY CLEAN TECHNOLOGY CLIMATE CLIMATE CHANGE COAL COMMON PROPERTY COMPARATIVE ADVANTAGE COMPARATIVE ADVANTAGES COMPETITIVENESS COST SAVINGS DEVELOPMENT POLICIES DEVELOPMENT POLICY DISCOUNT RATE DISCOUNTED VALUE ECOLOGICAL ECONOMICS ECONOMIC CONSEQUENCES ECONOMIC COOPERATION ECONOMIC CRISES ECONOMIC DEVELOPMENT ECONOMIC EFFICIENCY ECONOMIC GROWTH ECONOMIC INEFFICIENCY ECONOMIC PROGRESS ECONOMIC SUSTAINABILITY ECONOMIC THEORY ECONOMIC VALUE ECONOMIC WELFARE ECONOMIES OF SCALE ECONOMIES OF SCOPE ECOSYSTEM HEALTH EFFICIENCY GAINS ELECTRICITY GENERATION EMPIRICAL EVIDENCE EMPIRICAL RESEARCH ENERGY EFFICIENCY ENERGY SAVINGS ENVIRONMENTAL ENVIRONMENTAL BENEFITS ENVIRONMENTAL DAMAGES ENVIRONMENTAL DEGRADATION ENVIRONMENTAL ECONOMICS ENVIRONMENTAL GOODS ENVIRONMENTAL PERFORMANCE ENVIRONMENTAL POLICIES ENVIRONMENTAL POLICY ENVIRONMENTAL QUALITY ENVIRONMENTAL REGULATION ENVIRONMENTS EQUILIBRIUM ERRORS IN MEASUREMENT EXPENDITURES EXTERNALITY FACTORS OF PRODUCTION FEASIBILITY FINANCIAL SUPPORT FORESTRY FUEL PRICES GDP GROWTH POLICIES GROWTH POLICY GROWTH THEORY HUMAN CAPITAL IMPORT BARRIERS INCOME INNOVATION INNOVATIONS INVESTMENT DECISIONS LABOR MARKETS LAND ECONOMICS LIVING STANDARDS MARKET EQUILIBRIUM MARKET FAILURES MONETARY BENEFITS MORTALITY MOTIVATION NATIONAL OUTPUT NATURAL CAPITAL NATURAL RESOURCE ECONOMICS NATURAL RESOURCES NON-USE VALUES OIL OPEN ACCESS RESOURCES POLICY ANALYSIS POLICY MAKERS POLITICAL ECONOMY POLLUTION POLLUTION REDUCTION POSITIVE EFFECTS PRESENT VALUE PRICE CHANGES PRODUCTION COSTS PRODUCTIVITY PUBLIC GOOD PUBLIC SECTOR RESOURCE CONSERVATION SHADOW PRICES SOCIAL COSTS SOCIAL GOALS SOCIAL INCLUSION SPILLOVER EFFECTS STRUCTURAL CHANGE STRUCTURAL UNEMPLOYMENT SUBSTITUTION SUPPLIERS SUSTAINABLE DEVELOPMENT TAX TRADEOFFS UNCERTAINTIES VALUE OF OUTPUT WATER PRICING WEALTH WTO
Online Access:	http://documents.worldbank.org/curated/en/2012/05/16260128/green-growth-exploratory-review http://hdl.handle.net/10986/9354

id	okr-10986-9354
recordtype	oai_dc
spelling	okr-10986-93542021-04-23T14:02:45Z "Green Growth" : An Exploratory Review Toman, Michael ADVERSE IMPACTS AGRICULTURE AIR POLLUTION ALLOCATION BENCHMARK CAPITAL INVESTMENT CAPITAL STOCKS CARBON CARBON EMISSIONS CLEAN ENERGY CLEAN TECHNOLOGY CLIMATE CLIMATE CHANGE COAL COMMON PROPERTY COMPARATIVE ADVANTAGE COMPARATIVE ADVANTAGES COMPETITIVENESS COST SAVINGS DEVELOPMENT POLICIES DEVELOPMENT POLICY DISCOUNT RATE DISCOUNTED VALUE ECOLOGICAL ECONOMICS ECONOMIC CONSEQUENCES ECONOMIC COOPERATION ECONOMIC CRISES ECONOMIC DEVELOPMENT ECONOMIC EFFICIENCY ECONOMIC GROWTH ECONOMIC INEFFICIENCY ECONOMIC PROGRESS ECONOMIC SUSTAINABILITY ECONOMIC THEORY ECONOMIC VALUE ECONOMIC WELFARE ECONOMIES OF SCALE ECONOMIES OF SCOPE ECOSYSTEM HEALTH EFFICIENCY GAINS ELECTRICITY GENERATION EMPIRICAL EVIDENCE EMPIRICAL RESEARCH ENERGY EFFICIENCY ENERGY SAVINGS ENVIRONMENTAL ENVIRONMENTAL BENEFITS ENVIRONMENTAL DAMAGES ENVIRONMENTAL DEGRADATION ENVIRONMENTAL ECONOMICS ENVIRONMENTAL GOODS ENVIRONMENTAL PERFORMANCE ENVIRONMENTAL POLICIES ENVIRONMENTAL POLICY ENVIRONMENTAL QUALITY ENVIRONMENTAL REGULATION ENVIRONMENTS EQUILIBRIUM ERRORS IN MEASUREMENT EXPENDITURES EXTERNALITY FACTORS OF PRODUCTION FEASIBILITY FINANCIAL SUPPORT FORESTRY FUEL PRICES GDP GROWTH POLICIES GROWTH POLICY GROWTH THEORY HUMAN CAPITAL IMPORT BARRIERS INCOME INNOVATION INNOVATIONS INVESTMENT DECISIONS LABOR MARKETS LAND ECONOMICS LIVING STANDARDS MARKET EQUILIBRIUM MARKET FAILURES MONETARY BENEFITS MORTALITY MOTIVATION NATIONAL OUTPUT NATURAL CAPITAL NATURAL RESOURCE ECONOMICS NATURAL RESOURCES NON-USE VALUES OIL OPEN ACCESS RESOURCES POLICY ANALYSIS POLICY MAKERS POLITICAL ECONOMY POLLUTION POLLUTION REDUCTION POSITIVE EFFECTS PRESENT VALUE PRICE CHANGES PRODUCTION COSTS PRODUCTIVITY PUBLIC GOOD PUBLIC SECTOR RESOURCE CONSERVATION SHADOW PRICES SOCIAL COSTS SOCIAL GOALS SOCIAL INCLUSION SPILLOVER EFFECTS STRUCTURAL CHANGE STRUCTURAL UNEMPLOYMENT SUBSTITUTION SUPPLIERS SUSTAINABLE DEVELOPMENT TAX TRADEOFFS UNCERTAINTIES VALUE OF OUTPUT WATER PRICING WEALTH WTO The concept of "Green Growth" is a focus of much interest and considerable debate among decision makers concerned with enhancing both nearer-term economic progress and longer-term environmental sustainability. Proponents of Green Growth emphasize not only the need to protect various forms of natural capital to sustain improvements in material living standards and poverty reduction, but also the potential for strategically crafted environmental policies to achieve sustainability at low cost, perhaps even to help stimulate growth. However, there has been so far relatively little exploration of the analytical underpinnings of Green Growth, or its ambiguities. An exploratory investigation of the goals and underlying assumptions embedded in various conceptions of Green Growth facilitates consideration of how they might be interpreted vis-à-vis standard principles of intertemporal economic efficiency, including the value of the environment. Several plausible potential channels are identified for how synergy between economic growth and environmental sustainability might be more extensive than implied by standard economic theory. However, it is not possible to address their practical significance without more empirical research than is currently available. Consequently, some claims of substantial win-win opportunities between growth and the environment may be premature. 2012-06-29T22:06:33Z 2012-06-29T22:06:33Z 2012-05 http://documents.worldbank.org/curated/en/2012/05/16260128/green-growth-exploratory-review http://hdl.handle.net/10986/9354 English Policy Research Working Paper; No. 6067 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank World Bank, Washington, DC Publications & Research :: Policy Research Working Paper Publications & Research
repository_type	Digital Repository
institution_category	Foreign Institution
institution	Digital Repositories
building	World Bank Open Knowledge Repository
collection	World Bank
language	English
topic	ADVERSE IMPACTS AGRICULTURE AIR POLLUTION ALLOCATION BENCHMARK CAPITAL INVESTMENT CAPITAL STOCKS CARBON CARBON EMISSIONS CLEAN ENERGY CLEAN TECHNOLOGY CLIMATE CLIMATE CHANGE COAL COMMON PROPERTY COMPARATIVE ADVANTAGE COMPARATIVE ADVANTAGES COMPETITIVENESS COST SAVINGS DEVELOPMENT POLICIES DEVELOPMENT POLICY DISCOUNT RATE DISCOUNTED VALUE ECOLOGICAL ECONOMICS ECONOMIC CONSEQUENCES ECONOMIC COOPERATION ECONOMIC CRISES ECONOMIC DEVELOPMENT ECONOMIC EFFICIENCY ECONOMIC GROWTH ECONOMIC INEFFICIENCY ECONOMIC PROGRESS ECONOMIC SUSTAINABILITY ECONOMIC THEORY ECONOMIC VALUE ECONOMIC WELFARE ECONOMIES OF SCALE ECONOMIES OF SCOPE ECOSYSTEM HEALTH EFFICIENCY GAINS ELECTRICITY GENERATION EMPIRICAL EVIDENCE EMPIRICAL RESEARCH ENERGY EFFICIENCY ENERGY SAVINGS ENVIRONMENTAL ENVIRONMENTAL BENEFITS ENVIRONMENTAL DAMAGES ENVIRONMENTAL DEGRADATION ENVIRONMENTAL ECONOMICS ENVIRONMENTAL GOODS ENVIRONMENTAL PERFORMANCE ENVIRONMENTAL POLICIES ENVIRONMENTAL POLICY ENVIRONMENTAL QUALITY ENVIRONMENTAL REGULATION ENVIRONMENTS EQUILIBRIUM ERRORS IN MEASUREMENT EXPENDITURES EXTERNALITY FACTORS OF PRODUCTION FEASIBILITY FINANCIAL SUPPORT FORESTRY FUEL PRICES GDP GROWTH POLICIES GROWTH POLICY GROWTH THEORY HUMAN CAPITAL IMPORT BARRIERS INCOME INNOVATION INNOVATIONS INVESTMENT DECISIONS LABOR MARKETS LAND ECONOMICS LIVING STANDARDS MARKET EQUILIBRIUM MARKET FAILURES MONETARY BENEFITS MORTALITY MOTIVATION NATIONAL OUTPUT NATURAL CAPITAL NATURAL RESOURCE ECONOMICS NATURAL RESOURCES NON-USE VALUES OIL OPEN ACCESS RESOURCES POLICY ANALYSIS POLICY MAKERS POLITICAL ECONOMY POLLUTION POLLUTION REDUCTION POSITIVE EFFECTS PRESENT VALUE PRICE CHANGES PRODUCTION COSTS PRODUCTIVITY PUBLIC GOOD PUBLIC SECTOR RESOURCE CONSERVATION SHADOW PRICES SOCIAL COSTS SOCIAL GOALS SOCIAL INCLUSION SPILLOVER EFFECTS STRUCTURAL CHANGE STRUCTURAL UNEMPLOYMENT SUBSTITUTION SUPPLIERS SUSTAINABLE DEVELOPMENT TAX TRADEOFFS UNCERTAINTIES VALUE OF OUTPUT WATER PRICING WEALTH WTO
spellingShingle	ADVERSE IMPACTS AGRICULTURE AIR POLLUTION ALLOCATION BENCHMARK CAPITAL INVESTMENT CAPITAL STOCKS CARBON CARBON EMISSIONS CLEAN ENERGY CLEAN TECHNOLOGY CLIMATE CLIMATE CHANGE COAL COMMON PROPERTY COMPARATIVE ADVANTAGE COMPARATIVE ADVANTAGES COMPETITIVENESS COST SAVINGS DEVELOPMENT POLICIES DEVELOPMENT POLICY DISCOUNT RATE DISCOUNTED VALUE ECOLOGICAL ECONOMICS ECONOMIC CONSEQUENCES ECONOMIC COOPERATION ECONOMIC CRISES ECONOMIC DEVELOPMENT ECONOMIC EFFICIENCY ECONOMIC GROWTH ECONOMIC INEFFICIENCY ECONOMIC PROGRESS ECONOMIC SUSTAINABILITY ECONOMIC THEORY ECONOMIC VALUE ECONOMIC WELFARE ECONOMIES OF SCALE ECONOMIES OF SCOPE ECOSYSTEM HEALTH EFFICIENCY GAINS ELECTRICITY GENERATION EMPIRICAL EVIDENCE EMPIRICAL RESEARCH ENERGY EFFICIENCY ENERGY SAVINGS ENVIRONMENTAL ENVIRONMENTAL BENEFITS ENVIRONMENTAL DAMAGES ENVIRONMENTAL DEGRADATION ENVIRONMENTAL ECONOMICS ENVIRONMENTAL GOODS ENVIRONMENTAL PERFORMANCE ENVIRONMENTAL POLICIES ENVIRONMENTAL POLICY ENVIRONMENTAL QUALITY ENVIRONMENTAL REGULATION ENVIRONMENTS EQUILIBRIUM ERRORS IN MEASUREMENT EXPENDITURES EXTERNALITY FACTORS OF PRODUCTION FEASIBILITY FINANCIAL SUPPORT FORESTRY FUEL PRICES GDP GROWTH POLICIES GROWTH POLICY GROWTH THEORY HUMAN CAPITAL IMPORT BARRIERS INCOME INNOVATION INNOVATIONS INVESTMENT DECISIONS LABOR MARKETS LAND ECONOMICS LIVING STANDARDS MARKET EQUILIBRIUM MARKET FAILURES MONETARY BENEFITS MORTALITY MOTIVATION NATIONAL OUTPUT NATURAL CAPITAL NATURAL RESOURCE ECONOMICS NATURAL RESOURCES NON-USE VALUES OIL OPEN ACCESS RESOURCES POLICY ANALYSIS POLICY MAKERS POLITICAL ECONOMY POLLUTION POLLUTION REDUCTION POSITIVE EFFECTS PRESENT VALUE PRICE CHANGES PRODUCTION COSTS PRODUCTIVITY PUBLIC GOOD PUBLIC SECTOR RESOURCE CONSERVATION SHADOW PRICES SOCIAL COSTS SOCIAL GOALS SOCIAL INCLUSION SPILLOVER EFFECTS STRUCTURAL CHANGE STRUCTURAL UNEMPLOYMENT SUBSTITUTION SUPPLIERS SUSTAINABLE DEVELOPMENT TAX TRADEOFFS UNCERTAINTIES VALUE OF OUTPUT WATER PRICING WEALTH WTO Toman, Michael "Green Growth" : An Exploratory Review
relation	Policy Research Working Paper; No. 6067
description	The concept of "Green Growth" is a focus of much interest and considerable debate among decision makers concerned with enhancing both nearer-term economic progress and longer-term environmental sustainability. Proponents of Green Growth emphasize not only the need to protect various forms of natural capital to sustain improvements in material living standards and poverty reduction, but also the potential for strategically crafted environmental policies to achieve sustainability at low cost, perhaps even to help stimulate growth. However, there has been so far relatively little exploration of the analytical underpinnings of Green Growth, or its ambiguities. An exploratory investigation of the goals and underlying assumptions embedded in various conceptions of Green Growth facilitates consideration of how they might be interpreted vis-à-vis standard principles of intertemporal economic efficiency, including the value of the environment. Several plausible potential channels are identified for how synergy between economic growth and environmental sustainability might be more extensive than implied by standard economic theory. However, it is not possible to address their practical significance without more empirical research than is currently available. Consequently, some claims of substantial win-win opportunities between growth and the environment may be premature.
format	Publications & Research :: Policy Research Working Paper
author	Toman, Michael
author_facet	Toman, Michael
author_sort	Toman, Michael
title	"Green Growth" : An Exploratory Review
title_short	"Green Growth" : An Exploratory Review
title_full	"Green Growth" : An Exploratory Review
title_fullStr	"Green Growth" : An Exploratory Review
title_full_unstemmed	"Green Growth" : An Exploratory Review
title_sort	"green growth" : an exploratory review
publisher	World Bank, Washington, DC
publishDate	2012
url	http://documents.worldbank.org/curated/en/2012/05/16260128/green-growth-exploratory-review http://hdl.handle.net/10986/9354
_version_	1764409246629232640

"Green Growth" : An Exploratory Review

Similar Items