DRIVING A GREEN ECONOMY THROUGH PUBLIC FINANCE AND FISCAL POLICY REFORM

Benjamin Jones ()
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Benjamin Jones: University of Oxford, United Kingdom

Journal of International Commerce, Economics and Policy (JICEP), 2011, vol. 02, issue 02, 325-349

Abstract: Amid a still fragile economic environment, and rising concerns about deteriorating environmental conditions, policy-makers are examining the potential for new sources of environmentally sustainable growth and job creation. A "green economy" has emerged as an important concept linking economic growth and environmental sustainability. This paper emphasises the potentially significant opportunities to enhance welfare from better management of scarce environmental and natural resources, including through the reduction and removal of large distortions arising from environmentally harmful subsidies. It emphasises the centrality of fiscal (and in particular tax based) measures, as part of a portfolio of policies necessary to mobilise the resources, both public and private, for such an economic transformation to be effective and equitable.

Keywords: Green economy; environmental fiscal reform; tax shifting; fiscal policy; environmental tax; environmental subsidy; fiscal stimulus; Q43; Q50; Q58; H23; E62 (search for similar items in EconPapers)
Date: 2011
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DOI: 10.1142/S1793993311000336

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