Green economy
Related Goals
Background
This publication, produced by the World Bank as part of their ePolicy Research Working Papersf, aims to provide a contribution to discussions on green growth around the world. The paper defines green growth as about: emaking growth processes resource efficient, cleaner and more resilient without necessarily slowing them.f
The paper aims to clarify the concept of green growth by (a) proposing that we need to focus on what needs to happen over the next 5]10 years to remove the world from patterns that would be complex and expensive to modify and (b) reconciling the short and long term by offsetting short]term costs and maximising synergies and economic co]benefits.
The paper then puts forward an analytical framework through which green policies can contribute to economic growth. It concludes with proposing policies that can be implemented to capture these co]benefits and environmental benefits. These include: price]based policies, norms and regulations, public production and direct investment, information creation and dissemination, education and moral suasion, or industrial and innovation policies.
The paper aims to clarify the concept of green growth by (a) proposing that we need to focus on what needs to happen over the next 5]10 years to remove the world from patterns that would be complex and expensive to modify and (b) reconciling the short and long term by offsetting short]term costs and maximising synergies and economic co]benefits.
The paper then puts forward an analytical framework through which green policies can contribute to economic growth. It concludes with proposing policies that can be implemented to capture these co]benefits and environmental benefits. These include: price]based policies, norms and regulations, public production and direct investment, information creation and dissemination, education and moral suasion, or industrial and innovation policies.
