From Growth to Green Growth - a Framework

39 Pages Posted: 20 Feb 2012 Last revised: 2 Apr 2023

See all articles by S. Hallegatte

S. Hallegatte

World Bank

Geoffrey M. Heal

Columbia University - Columbia Business School, Finance; National Bureau of Economic Research (NBER)

Marianne Fay

World Bank

David O. Treguer

World Bank

Date Written: February 2012

Abstract

Green growth is about making growth resource-efficient, cleaner and more resilient without slowing it. This paper aims at clarifying this in an analytical framework and proposing foundations for green growth. This framework identifies channels through which green policies can potentially contribute to economic growth. Finally, the paper discusses the policies that can be implemented to capture 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.

Suggested Citation

Hallegatte, Stephane and Heal, Geoffrey M. and Fay, Marianne and Treguer, David O., From Growth to Green Growth - a Framework (February 2012). NBER Working Paper No. w17841, Available at SSRN: https://ssrn.com/abstract=2007835

Stephane Hallegatte (Contact Author)

World Bank ( email )

1818 H Street NW
Washington, DC 20433
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Geoffrey M. Heal

Columbia University - Columbia Business School, Finance ( 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)

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Cambridge, MA 02138
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Marianne Fay

World Bank ( email )

1818 H Street, N.W.
Washington, DC 20433
United States

David O. Treguer

World Bank ( email )

1818 H Street, NW
Washington, DC 20433
United States

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