Building the Green Economy

Edward Barbier

Canadian Public Policy, 2016, vol. 42, issue s1, 1-9

Abstract: 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.

Date: 2016
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