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http://ssrn.com/abstract=1955109
 
 

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From Growth to Green Growth -- A Framework


Stephane Hallegatte


CIRED, International Research Center on Environment & Development, France; CNRM, Centre International de Recherches Météorologiques, France; World Bank

Geoffrey M. Heal


Columbia Business School - Finance and Economics; National Bureau of Economic Research (NBER)

Marianne Fay


World Bank

David O. Treguer


affiliation not provided to SSRN

November 1, 2011

World Bank Policy Research Working Paper No. 5872

Abstract:     
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.

Number of Pages in PDF File: 40

Keywords: Environmental Economics & Policies, Climate Change Economics, Economic Theory & Research, Transport Economics Policy & Planning, Labor Policies

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Date posted: November 9, 2011  

Suggested Citation

Hallegatte, Stephane and Heal, Geoffrey M. and Fay, Marianne and Treguer, David O., From Growth to Green Growth -- A Framework (November 1, 2011). World Bank Policy Research Working Paper Series, Vol. , pp. -, 2011. Available at SSRN: http://ssrn.com/abstract=1955109

Contact Information

Stephane Hallegatte
CIRED, International Research Center on Environment & Development, France ( email )
Campus du Jardin Tropical
45 bis avenue de la Belle Gabrielle
F94736 Nogent sur Marne Cedex
France
+33 1 4394 7374 (Phone)
+33 1 4394 7370 (Fax)
HOME PAGE: http://www.centre-cired.fr/forum
CNRM, Centre International de Recherches Météorologiques, France
Toulouse
France
HOME PAGE: www.cnrm.meteo.fr
World Bank ( email )
1818 H Street NW
Washington, DC 20433
United States
Geoffrey M. Heal
Columbia Business School - Finance and Economics ( email )
3022 Broadway
New York, NY 10027
United States
212-854-6459 (Phone)
212-316-9219 (Fax)
HOME PAGE: http://www.gsb.columbia.edu/faculty/gheal/

National Bureau of Economic Research (NBER)
1050 Massachusetts Avenue
Cambridge, MA 02138
United States
Marianne Fay
World Bank ( email )
1818 H Street, N.W.
Washington, DC 20433
United States
David O. Treguer
affiliation not provided to SSRN ( email )
Feedback to SSRN


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