Suchergebnisse

Introduction 1. The Origins Of Economic Wealth 2. Natural Capital And Economic Development 3. Wealth, Structure And Functioning Of Modern Economies 4. The Age Of Ecological Scarcity 5. Structural Imbalance 6. The Under-Pricing Of Nature 7. Wealth Inequality 8. Redressing The Structural Imbalance 9. Making The Transition 10. Conclusion

Abstract
Despite some progress, the Group of 7 (G7) have yet to act collectively to foster a low-carbon transition of their economies. This paper outlines such a strategy, which would also encourage other economies to follow suit. This strategy has three elements: fossil fuel pricing reforms; recycling revenues to fund green innovation and to offset any adverse income or employment impacts; and developing the proposed G7 Climate Club to promote compliance by other countries. This must be accompanied by comprehensive assistance to emerging market and developing economies to help accelerate their clean energy transition, facilitate their participation in the Climate Club, and attain climate, poverty and development goals.

The green economy in North America is at a critical crossroads. Will it foster a new wave of economy-wide innovation, employment, and green growth, or will green sectors remain a niche within an overall "brown" economy? Much will depend on what replaces the current "policy void" since the green stimulus policies of the Great Recession. Currently, three major market disincentives remain: environmentally harmful subsidies, inadequate market-based incentives, and insufficient public support for private R&D. A policy strategy for green growth requires phasing out and rationalizing subsidies, instigating effective market-based instruments, and allocating the revenues raised to enhance green innovation.