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Global governance: the G20 and a global green new deal

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Author Info
Barbier, Edward B.

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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. --

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File URL: http://www.economics-ejournal.org/economics/discussionpapers/2009-38
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Publisher Info
Paper provided by Kiel Institute for the World Economy in its series Economics Discussion Papers with number 2009-38.

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Date of creation: 2009
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Handle: RePEc:zbw:ifwedp:200938

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

Find related papers by JEL classification:
F55 - International Economics - - International Relations and International Political Economy - - - International Institutional Arrangements
F59 - International Economics - - International Relations and International Political Economy - - - Other
H87 - Public Economics - - Miscellaneous Issues - - - International Fiscal Issues; International Public Goods
O13 - Economic Development, Technological Change, and Growth - - Economic Development - - - Agriculture; Natural Resources; Environment; Other Primary Products
O19 - Economic Development, Technological Change, and Growth - - Economic Development - - - International Linkages to Development; Role of International Organizations
Q01 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - General - - - Sustainable Development

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This page was last updated on 2009-11-27.

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