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Global governance: the G20 and a Global Green New Deal

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  • Barbier, Edward B.

Abstract

As the world recovers from the worst economic crisis since the Great Depression, the international community should promote a mix of policies to sustain this global recovery and create jobs through reducing carbon dependency, ecological degradation and poverty. Such a Global Green New Deal (GGND) requires a long-term commitment to implementing and coordinating '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 --

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File URL: http://dx.doi.org/10.5018/economics-ejournal.ja.2010-2
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Bibliographic Info

Article provided by Kiel Institute for the World Economy in its journal Economics: The Open-Access, Open-Assessment E-Journal.

Volume (Year): 4 (2010)
Issue (Month): 2 ()
Pages: 1-35

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Handle: RePEc:zbw:ifweej:20102

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Keywords: Economic Recession; G20; global governance; Global Green New Deal; green stimulus; low-carbon economy; world economy;

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References

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  1. Richard S.J. Tol, 2007. "The Social Cost Of Carbon: Trends, Outliers And Catastrophes," Working Papers FNU-144, Research unit Sustainability and Global Change, Hamburg University, revised Aug 2007.
  2. Valentina Bosetti & Massimo Tavoni & Carlo Carraro & Alessandra Sgobbi, 2008. "Delayed Action and Uncertain Targets. How Much Will Climate Policy Cost?," Working Papers 2008.69, Fondazione Eni Enrico Mattei.
  3. Elbers, Chris & Tomoki Fujii & Lanjouw, Peter & Ozler, Berk & Yin, Wesley, 2004. "Poverty alleviation through geographic targeting : how much does disaggregation help?," Policy Research Working Paper Series 3419, The World Bank.
  4. Coady, David P. & Grosh, Margaret & Hoddinott, John, 2002. "Targeting outcomes redux," FCND briefs 144, International Food Policy Research Institute (IFPRI).
  5. Aldy, Joseph E. & Krupnick, Alan J. & Newell, Richard G. & Parry, Ian W.H. & Pizer, William A., 2009. "Designing Climate Mitigation Policy," Discussion Papers dp-08-16, Resources For the Future.
  6. Zilberman, David & Lipper, Leslie & Mccarthy, Nancy, 2008. "When could payments for environmental services benefit the poor?," Environment and Development Economics, Cambridge University Press, vol. 13(03), pages 255-278, June.
  7. Cameron Hepburn & Nicholas Stern, 2008. "A new global deal on climate change," Oxford Review of Economic Policy, Oxford University Press, vol. 24(2), pages 259-279, Summer.
  8. David Coady, 2004. "Targeting Outcomes Redux," World Bank Research Observer, World Bank Group, vol. 19(1), pages 61-85.
  9. World Bank, 2009. "Global Economic Prospects 2009 : Commodities at the Crossroads," World Bank Publications, The World Bank, number 2581, October.
  10. Valentina Bosetti & David Tomberlin, 2004. "Fondazione Eni Enrico Mattei," Working Papers 2004.102, Fondazione Eni Enrico Mattei.
  11. Barbier, Edward B., 2008. "Poverty, Development, and Ecological Services," International Review of Environmental and Resource Economics, now publishers, vol. 2(1), pages 1-27, June.
  12. Barbier,Edward B., 2010. "A Global Green New Deal," Cambridge Books, Cambridge University Press, number 9780521763097, October.
  13. Barbier,Edward B., 2007. "Natural Resources and Economic Development," Cambridge Books, Cambridge University Press, number 9780521706513, October.
  14. Pagiola, Stefano & Arcenas, Agustin & Platais, Gunars, 2005. "Can Payments for Environmental Services Help Reduce Poverty? An Exploration of the Issues and the Evidence to Date from Latin America," World Development, Elsevier, vol. 33(2), pages 237-253, February.
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Cited by:
  1. Joy Kim & Suh-Yong Chung, 2012. "The role of the G20 in governing the climate change regime," International Environmental Agreements: Politics, Law and Economics, Springer, vol. 12(4), pages 361-374, November.

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