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Building the Green Economy

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  • Edward B. Barbier

Abstract

The green economy in North America is at a critical crossroads. Will it foster a new wave of economy-wide innovation, employment, and green growth, or will green sectors remain a niche within an overall "brown" economy? Much will depend on what replaces the current "policy void" since the green stimulus policies of the Great Recession. Currently, three major market disincentives remain: environmentally harmful subsidies, inadequate market-based incentives, and insufficient public support for private R&D. A policy strategy for green growth requires phasing out and rationalizing subsidies, instigating effective market-based instruments, and allocating the revenues raised to enhance green innovation.

Suggested Citation

  • Edward B. Barbier, 2016. "Building the Green Economy," Canadian Public Policy, University of Toronto Press, vol. 42(s1), pages 1-9, November.
    • Handle: RePEc:cpp:issued:v:42:y:2016:i:s1:p:1-9
    DOI: 10.3138/cpp.2015-017
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    Cited by:

    1. Binh Bui & Charl de Villiers, 2021. "Recovery from Covid‐19 towards a low‐carbon economy: a role for accounting technologies in designing, implementing and assessing stimulus packages," Accounting and Finance, Accounting and Finance Association of Australia and New Zealand, vol. 61(3), pages 4789-4831, September.
    2. Atul Parvatiyar & Jagdish N. Sheth, 2023. "Confronting the deep problem of consumption: Why individual responsibility for mindful consumption matters," Journal of Consumer Affairs, Wiley Blackwell, vol. 57(2), pages 785-820, April.
    3. Kangjuan Lv & Jiaqi Li & Ye Zhao, 2023. "Can Internet Construction Promote Urban Green Development? A Quasi-Natural Experiment from the “Broadband China”," IJERPH, MDPI, vol. 20(6), pages 1-21, March.
    4. Alexey Bilgaev & Erzhena Sadykova & Anna Mikheeva & Taisiya Bardakhanova & Svetlana Ayusheeva & Fujia Li & Suocheng Dong, 2022. "Green Economy Development Progress in the Republic of Buryatia (Russia)," IJERPH, MDPI, vol. 19(13), pages 1-16, June.
    5. Alexey Bilgaev & Erzhena Sadykova & Fujia Li & Anna Mikheeva & Suocheng Dong, 2021. "Socio-Economic Factor Impact on the Republic of Buryatia (Russia) Green Economic Development Transition," IJERPH, MDPI, vol. 18(20), pages 1-17, October.
    6. Alexey Bilgaev & Suocheng Dong & Fujia Li & Hao Cheng & Arnold Tulohonov & Erzhena Sadykova & Anna Mikheeva, 2020. "Baikal Region (Russia) Development Prospects Based on the Green Economy Principles," Sustainability, MDPI, vol. 13(1), pages 1-22, December.
    7. Łukasz Jarosław Kozar & Robert Matusiak & Marta Paduszyńska & Adam Sulich, 2022. "Green Jobs in the EU Renewable Energy Sector: Quantile Regression Approach," Energies, MDPI, vol. 15(18), pages 1-21, September.
    8. Ruault, Jean-François & Dupré la Tour, Alice & Evette, André & Allain, Sandrine & Callois, Jean-Marc, 2022. "A biodiversity-employment framework to protect biodiversity," Ecological Economics, Elsevier, vol. 191(C).
    9. Mastini, Riccardo & Kallis, Giorgos & Hickel, Jason, 2021. "A Green New Deal without growth?," Ecological Economics, Elsevier, vol. 179(C).

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