IDEAS home Printed from https://ideas.repec.org/a/wly/natres/v35y2011i3p233-245.html
   My bibliography  Save this article

The policy challenges for green economy and sustainable economic development

Author

Listed:
  • Edward Barbier

Abstract

Green growth, the promotion of energy efficiency and clean energy technologies and sustainable development are frequently viewed as complementary goals by international policymakers. This paper argues that green growth will not ensure sustainable economic development as long as global ecosystem degradation and loss means that the world continues to face worsening problems of ecological scarcity — the loss of myriad benefits, or “services”, as these systems are exploited for human use and activity. Overcoming this problem requires addressing further sustainability and funding challenges. The sustainability challenge is to overcome a vast array of market, policy and institutional failures that prevents recognition of the economic significance of this scarcity. The funding challenge is to bridge the shortfall between the global benefits that humankind receives from ecosystems and what we are willing to pay to maintain and conserve them. Improving economic and scientific analysis of ecological scarcity, valuing the loss in benefits, and translating the implications into policy are the key steps for addressing the sustainability challenge. Exploring and implementing a range of innovative financing mechanisms, from international payments for ecosystem services to financial and currency transactions taxes to international financing facilities are possibilities for alleviating the funding challenge.

Suggested Citation

  • Edward Barbier, 2011. "The policy challenges for green economy and sustainable economic development," Natural Resources Forum, Blackwell Publishing, vol. 35(3), pages 233-245, August.
  • Handle: RePEc:wly:natres:v:35:y:2011:i:3:p:233-245
    as

    Download full text from publisher

    File URL: http://hdl.handle.net/10.1111/narf.2011.35.issue-3
    Download Restriction: no

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. repec:prg:jnlpep:v:preprint:id:626:p:1-14 is not listed on IDEAS
    2. Combes, J.-L. & Combes Motel, P. & Minea, A. & Villieu, P., 2015. "Deforestation and seigniorage in developing countries: A tradeoff?," Ecological Economics, Elsevier, vol. 116(C), pages 220-230.
    3. repec:prg:jnlpep:v:2017:y:2017:i:4:id:626:p:487-499 is not listed on IDEAS
    4. Ali Eren Alper, 2018. "Analysis of Carbon Tax on Selected European Countries: Does Carbon Tax Reduce Emissions?," Applied Economics and Finance, Redfame publishing, vol. 5(1), pages 29-36, January.
    5. Somlanare Romuald KINDA & Pascale COMBES MOTEL & Jean-Louis COMBES, 2014. "Do Environmental Policies Hurt Trade Performance?," Working Papers 201404, CERDI.
    6. Maria Guadalupe Oropeza Cortes & Jose Isabel Urciaga Garcia & German Ponce Diaz, 2015. "Economic And Social Importance Of Ecosystem Services: A Review Of Research Agenda Importancia Economica Y Social De Los Servicios De Los Ecosistemas: Una Revision De La Agenda De Investigacion," Revista Global de Negocios, The Institute for Business and Finance Research, vol. 3(2), pages 103-113.
    7. Combes, Jean-Louis & Delacote, Philippe & Combes Motel, Pascale & Yogo, Thierry Urbain, 2018. "Public spending, credit and natural capital: Does access to capital foster deforestation?," Economic Modelling, Elsevier, vol. 73(C), pages 306-316.
    8. Mundaca, Luis & Markandya, Anil, 2016. "Assessing regional progress towards a ‘Green Energy Economy’," Applied Energy, Elsevier, vol. 179(C), pages 1372-1394.
    9. Marcela-Cornelia Danu & Elena Nechita & Liliana Rozemarie Manea, 2015. "The Role Of The Urban Environment In Implementing The Circular Economy In Romania," Studies and Scientific Researches. Economics Edition, "Vasile Alecsandri" University of Bacau, Faculty of Economic Sciences, issue 21.
    10. Stanley Udochukwu Ofoegbu, 2019. "Technological Challenges of Phosphorus Removal in High-Phosphorus Ores: Sustainability Implications and Possibilities for Greener Ore Processing," Sustainability, MDPI, Open Access Journal, vol. 11(23), pages 1-38, November.
    11. Zhaopeng Chu & Changxin Liu & Gang Li & Kaixuan Guan, 2018. "Sustainable Development of the Economic Circle around Beijing: A View of Regional Economic Disparity," Sustainability, MDPI, Open Access Journal, vol. 10(10), pages 1-17, October.
    12. Kathleen McAfee, 2016. "Green economy and carbon markets for conservation and development: a critical view," International Environmental Agreements: Politics, Law and Economics, Springer, vol. 16(3), pages 333-353, June.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:wly:natres:v:35:y:2011:i:3:p:233-245. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Wiley Content Delivery). General contact details of provider: http://www.blackwellpublishing.com/journal.asp?ref=0165-0203 .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.