Funding for green growth
AbstractWelfare economics shows how innovation and cost control are necessary to correct the negative externalities of production and consumption patterns to ensure a path of sustainable growth. When welfare economics describes the fundamentals of green growth, with innovation as a cornerstone for the management of externalities, it does not confront the financial aspects of the problem. However, the transformation of the economy towards more environmentally friendly practices requires significant investments, and their financing is likely to constitute, in practice, a bottleneck. Thus, it is not excluded that economically beneficial investments that would be capable of generating growth do not emerge because of a lack of funding. This study reviews the main findings of the literature in this regard and shows the different types of actions that may be considered by public authorities to remove this obstacle. In France, public support for green growth occurs through two main sets of measures. On the one hand, the investments related to the implementation of the Grenelle Environment Forum and, secondly, through some programs included in the "Investing for the Future" program. This study examines, also, the two annual reports on the Environment commitments that have been submitted to Parliament in 2009 and 2010 and the work done to date to assess its impact on growth. Regarding the "Investing for the Future" program, the study analyzes the investment programs by institution in charge, the timing of commitments and the private sector participation.
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
Bibliographic InfoPaper provided by Banque de France in its series Working papers with number 392.
Length: 93 pages
Date of creation: 2012
Date of revision:
Green Growth; Externalities; Sustainable Development; Grenelle Environment Forum; Investing for the Future; Accounts for the Environment.;
Find related papers by JEL classification:
- Q01 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - General - - - Sustainable Development
- Q58 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Environmental Economics: Government Policy
This paper has been announced in the following NEP Reports:
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Baumol,William J. & Oates,Wallace E., 1988. "The Theory of Environmental Policy," Cambridge Books, Cambridge University Press, number 9780521311120.
- Mireille Chiroleu-Assouline, 2001.
"Le double dividende: Les approches theoriques,"
UniversitÃ© Paris1 PanthÃ©on-Sorbonne (Post-Print and Working Papers)
- Alain de Serres & Fabrice Murtin & Giuseppe Nicoletti, 2010. "A Framework for Assessing Green Growth Policies," OECD Economics Department Working Papers 774, OECD Publishing.
- Roger Guesnerie, 2004.
"Calcul économique et développement durable,"
Presses de Sciences-Po, vol. 55(3), pages 363-382.
- Weitzman, Martin L, 1974.
"Prices vs. Quantities,"
Review of Economic Studies,
Wiley Blackwell, vol. 41(4), pages 477-91, October.
- Baumol,William J. & Oates,Wallace E., 1988. "The Theory of Environmental Policy," Cambridge Books, Cambridge University Press, number 9780521322249.
- Ambec, Stefan & Barla, Philippe, 2001.
"Productivité et réglementation environnementale: une analyse de l'hypothèse de Porter,"
Cahiers de recherche
- Ambec, Stefan & Barla, Philippe, 2001. "Productivité et réglementation environnementale: une analyse de l'hypothèse de Porter," Cahiers de recherche 0107, Université Laval - Département d'économique.
- Pearce, David W, 1991. "The Role of Carbon Taxes in Adjusting to Global Warming," Economic Journal, Royal Economic Society, vol. 101(407), pages 938-48, July.
- Terkla, David, 1984. "The efficiency value of effluent tax revenues," Journal of Environmental Economics and Management, Elsevier, vol. 11(2), pages 107-123, June.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Michael brassart).
If references are entirely missing, you can add them using this form.