Title: "Green Stimulus," Economic Recovery, And Long-Term Sustainable Development
Abstract: No AccessPolicy Research Working Papers22 Jun 2013"Green Stimulus," Economic Recovery, And Long-Term Sustainable DevelopmentAuthors/Editors: Jon Strand, Michael TomanJon Strand, Michael Tomanhttps://doi.org/10.1596/1813-9450-5163SectionsAboutPDF (0.6 MB) ToolsAdd to favoritesDownload CitationsTrack Citations ShareFacebookTwitterLinked In Abstract:This paper discusses short-run and long-run effects of "green stimulus" efforts, and compares these effects with "non-green" fiscal stimuli. Green stimulus is defined here as short-run fiscal stimuli that also serve a "green" or environmental purpose in a situation of "crisis" characterized by temporary under-employment. A number of recently enacted national stimulus packages contain sizeable "green" components. The authors categorize effects according to their a) short-run employment effects, b) long-run growth effects, c) effects on carbon emissions, and d) "co-benefit" effects (on the environment, natural resources, and for other externalities). The most beneficial "green" programs in times of crisis are those that can stimulate employment in the short run, and lead to large "learning curve" effects via lower production costs in the longer term. The overall assessment is that most "green stimulus" programs that have large short-run employment and environmental effects are likely to have less significant positive effects for long-run growth, and vice versa, implying a trade-off in many cases between short-run and long-run impacts. There are also trade-offs for employment generation in that programs that yield larger (smaller) employment effects tend to lead to more employment gains for largely lower-skilled (higher-skilled) workers, so that the long-term growth effects are relatively small (large). Ultimately, the results reinforce the point that different instruments are needed for addressing different problems. Previous bookNext book FiguresReferencesRecommendedDetailsCited ByGreen or Grey Pandemic Recovery? Revealing the Blue–Green Infrastructure Influences in Aotearoa-New Zealand's "Shovel Ready" Covid-19 ResponseUrban Policy and Research, Vol.2231 August 2022THE COST OF GREENING STIMULUS: A DYNAMIC ANALYSIS OF VEHICLE SCRAPPAGE PROGRAMSInternational Economic Review, Vol.1627 June 2022A meta-analysis of environmental innovation and firm performanceJournal of Environmental Planning and Management, Vol.64, No.1110 February 2021Global Outlook7 October 2021Criticizing green stimulus for COVID recoveryWIREs Climate Change, Vol.12, No.49 June 2021What Happens to Productivity During Major Adverse Events22 June 2021"Building Back Better" in Practice: A Science-Policy Framework for a Green Economic Recovery after COVID-194 March 2021Global Outlook15 March 2021Global Economy: Heading into a Decade of Disappointments?15 March 2021Blended Finance for State-Led Decarbonization22 October 2021Shaping the Post-COVID-19 Development Paradigm in India: Some Imperatives for Greening the Economic RecoveryMillennial Asia, Vol.11, No.311 October 2020Greening the Post-pandemic Recovery in the G20Environmental and Resource Economics, Vol.76, No.415 June 2020What Policies Address Both the Coronavirus Crisis and the Climate Crisis?Environmental and Resource Economics, Vol.76, No.431 July 2020Lessons Learned on Green Stimulus: Case Studies from the Global Financial CrisisWorld Resources Institute1 January 2020Employment and the role of workers and employers in a green economyWorld Employment and Social Outlook, Vol.2018, No.21 July 2018Assessing regional progress towards a 'Green Energy Economy'Applied Energy, Vol.179Assessing 'green energy economy' stimulus packages: Evidence from the U.S. programs targeting renewable energyRenewable and Sustainable Energy Reviews, Vol.42Is Green Growth Good for the Poor?World Bank Research Observer, Vol.29, No.228 August 2014Is Green Growth Good for the Poor?15 August 2014Varieties of green capitalism: economy and environment in the wake of the global financial crisisEnvironmental Politics, Vol.23, No.22 September 2013Enlightenment of International Experience in the "Green Economy" Transformation for Developing Countries4 June 2013Criticizing green stimulusWIREs Climate Change, Vol.5, No.16 November 2013Green Stimulus: A Dynamic Discrete Analysis of Vehicle Scrappage ProgramsSSRN Electronic JournalÉconomie verte et développement durable : enjeux de politique économiqueReflets et perspectives de la vie économique, Vol.Tome LI, No.4The policy challenges for green economy and sustainable economic developmentNatural Resources Forum, Vol.35, No.35 August 2011 View Published: January 2010 Copyright & Permissions Related TopicsEnergyEnvironmentMacroeconomics and Economic GrowthTransport KeywordsAGGREGATE DEMANDCARBONCARBON EMISSIONSCLIMATE CHANGEECONOMIC ACTIVITYECONOMIC GROWTHENVIRONMENTALENVIRONMENTAL CLEANUPENVIRONMENTAL IMPACTSENVIRONMENTAL POLICYENVIRONMENTAL PROTECTIONEXPENDITURESEXTERNALITIESNATURAL RESOURCESPOLICY INSTRUMENTSPOLITICAL ECONOMYPRODUCTION COSTSSHADOW PRICESSUSTAINABLE DEVELOPMENTTRADEOFFS PDF DownloadLoading ...