 Green Economy: great expectation or big illusion?No 2010_01, Working Papers from Department of Economics, University of Venice "Ca' Foscari" Abstract: Simple growth accounting shows that the negative scale effect of economic growth on the environment can be compensated by a composition effect, increasing the weight of less polluting productions, and by a technical progress favorable to the environment, in order to make possible a sustainable growth path. To achieve this result a combination of environmental regulation and innovation policy is required. Revenues from economic instruments of environmental regulation can be earmarked to environmental friendly innovations; difficulties arise because of the trade off with using those revenues as redistributive means to compensate the usually regressive nature of environmental regulation. The �case study� of the energy and climate program of President Obama is an example of the complexity of the challenge to move towards the target of a �green economy�. A complementary essential role of social environmental responsibility both of consumers and firms is required. Keywords: Economic Development; Innovation; Environmental Policies; Sustainable Development (search for similar items in EconPapers) Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:ven:wpaper:2010_01 Access Statistics for this paper More papers in Working Papers from Department of Economics, University of Venice "Ca' Foscari" Contact information at EDIRC. |
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