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From Growth to Green Growth - a Framework

  • Stéphane Hallegatte
  • Geoffrey Heal
  • Marianne Fay
  • David Treguer

Green growth is about making growth resource-efficient, cleaner and more resilient without slowing it. This paper aims at clarifying this in an analytical framework and proposing foundations for green growth. This framework identifies channels through which green policies can potentially contribute to economic growth. Finally, the paper discusses the policies that can be implemented to capture co-benefits and environmental benefits. Since green growth policies pursue a variety of goals, they are best served by a combination of instruments: price-based policies are important but are only one component in a policy tool-box that can also include norms and regulation, public production and direct investment, information creation and dissemination, education and moral suasion, or industrial and innovation policies.

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Paper provided by National Bureau of Economic Research, Inc in its series NBER Working Papers with number 17841.

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Date of creation: Feb 2012
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Handle: RePEc:nbr:nberwo:17841
Note: EEE EFG
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