Global governance: the G20 and a Global Green New Deal

Edward Barbier

No 2009-38, Economics Discussion Papers from Kiel Institute for the World Economy (IfW Kiel)

Abstract: In response to the world economic crisis, the international community should promote a mix of policies to sustain global recovery and create jobs through reducing carbon dependency, ecological degradation and poverty. Such a Global Green New Deal (GGND) requires implementation and coordination of green investments by the Group of 20 (G20), who should also adopt complementary pricing policies and foster international aid and other actions in support of the GGND. Developing economies should provide clean water and sanitation for the poor, create safety nets, invest in heath and education, and target energy and water poverty. Such a global strategy can revive economies, create jobs and improve the sustainability of world development.

Keywords: Economic Recession; G20; global governance; Global Green New Deal; green stimulus; low-carbon economy; world economy (search for similar items in EconPapers)
JEL-codes: F55 F59 H87 O13 O19 Q01 (search for similar items in EconPapers)
Date: 2009
New Economics Papers: this item is included in nep-ene and nep-env
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (3)

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Journal Article: Global governance: the G20 and a Global Green New Deal (2010)
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Persistent link: https://EconPapers.repec.org/RePEc:zbw:ifwedp:200938

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