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Inclusive Green Growth : The Pathway to Sustainable Development

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  • World Bank
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    Abstract

    As the global population heads toward 9 billion by 2050, decisions made today will lock countries into growth patterns that may or may not be sustainable in the future. Care must be taken to ensure that cities and roads, factories and farms are designed, managed, and regulated as efficiently as possible to wisely use natural resources while supporting the robust growth developing countries still need. Economic development during the next two decades cannot mirror the previous two: poverty reduction remains urgent but growth and equity can be pursued without relying on policies and practices that foul the air, water, and land. Inclusive Green Growth: The Pathway to Sustainable Development makes the case that greening growth is necessary, efficient, and affordable. Yet spurring growth without ensuring equity will thwart efforts to reduce poverty and improve access to health, education, and infrastructure services. Countries must make strategic investments and farsighted policy changes that acknowledge natural resource constraints and enable the world's poorest and most vulnerable to benefit from efficient, clean, and resilient growth. Like other forms of capital, natural assets are limited and require accounting, investment, and maintenance in order to be properly harnessed and deployed. By maximizing co-benefits and avoiding lock-in, by promoting smarter decisions in industry and society, and by developing innovative financing tools for green investment, we can afford to do the things we must.

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    File URL: https://openknowledge.worldbank.org/bitstream/handle/10986/6058/9780821395516.pdf?sequence=1
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    Bibliographic Info

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    This book is provided by The World Bank in its series World Bank Publications with number 6058 and published in 2012.

    ISBN: 978-0-8213-9551-6
    Handle: RePEc:wbk:wbpubs:6058

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    Postal: 1818 H Street, N.W., Washington, DC 20433
    Phone: (202) 477-1234
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    Web page: https://openknowledge.worldbank.org
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    Related research

    Keywords: Macroeconomics and Economic Growth Environment Urban Development;

    References

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    1. Laffont, Jean-Jacques, 1996. "Industrial policy and politics," International Journal of Industrial Organization, Elsevier, vol. 14(1), pages 1-27.
    2. Anthoff, David & Hahn, Robert W., 2009. "Government Failure and Market Failure: On the Inefficiency of Environmental and Energy Policy," Working paper 6, Regulation2point0.
    3. Kalkuhl, Matthias & Edenhofer, Ottmar & Lessmann, Kai, 2012. "Learning or lock-in: Optimal technology policies to support mitigation," Resource and Energy Economics, Elsevier, vol. 34(1), pages 1-23.
    4. Hallegatte, Stephane & Shah, Ankur & Lempert, Robert & Brown, Casey & Gill, Stuart, 2012. "Investment decision making under deep uncertainty -- application to climate change," Policy Research Working Paper Series 6193, The World Bank.
    5. World Bank, 2010. "World Development Report 2010 : Development and Climate Change," World Bank Publications, The World Bank, number 4387, October.
    6. Kydland, Finn E & Prescott, Edward C, 1977. "Rules Rather Than Discretion: The Inconsistency of Optimal Plans," Journal of Political Economy, University of Chicago Press, vol. 85(3), pages 473-91, June.
    7. Avinash Dixit & Luisa Lambertini, 2003. "Interactions of Commitment and Discretion in Monetary and Fiscal Policies," American Economic Review, American Economic Association, vol. 93(5), pages 1522-1542, December.
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    Cited by:
    1. Emanuele Campiglio, 2013. "The structural shift to green services: A twosector growth model with public capital and open-access resources," Grantham Research Institute on Climate Change and the Environment Working Papers 141, Grantham Research Institute on Climate Change and the Environment.
    2. Altenburg, Tilman & Engelmeier, Tobias, 2013. "Boosting solar investment with limited subsidies: Rent management and policy learning in India," Energy Policy, Elsevier, vol. 59(C), pages 866-874.
    3. Anna Dimitrova & Katarina Hollan & Daphne Laster & Andreas Reinstaller & Margit Schratzenstaller & Ewald Walterskirchen & Teresa Weiss, 2013. "Literature review on fundamental concepts and definitions, objectives and policy goals as well as instruments relevant for socio-ecological transition," WWWforEurope Working Papers series 40, WWWforEurope.
    4. Rabia Manzoor & Ghulam Samad, 2013. "The Sustainable Green Growth Perspective of Pakistan: In the Context of Environment Friendly Technologies," CEECC Working Paper 2013:04, Pakistan Institute of Development Economics.
    5. Michael MacLennan, 2012. "Locating the Policy Space for Inclusive Green Growth within the SADC Extractive Sector," Policy Research Brief 38, International Policy Centre for Inclusive Growth.
    6. Kennedy, Christopher & Corfee-Morlot, Jan, 2013. "Past performance and future needs for low carbon climate resilient infrastructure– An investment perspective," Energy Policy, Elsevier, vol. 59(C), pages 773-783.

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