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Global governance: the G20 and a Global Green New Deal

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  • Barbier, Edward B.

Abstract

As the world recovers from the worst economic crisis since the Great Depression, the international community should promote a mix of policies to sustain this global recovery and create jobs through reducing carbon dependency, ecological degradation and poverty. Such a Global Green New Deal (GGND) requires a long-term commitment to implementing and coordinating '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

Suggested Citation

  • Barbier, Edward B., 2010. "Global governance: the G20 and a Global Green New Deal," Economics - The Open-Access, Open-Assessment E-Journal (2007-2020), Kiel Institute for the World Economy (IfW Kiel), vol. 4, pages 1-35.
    • Handle: RePEc:zbw:ifweej:20102
    DOI: 10.5018/economics-ejournal.ja.2010-2
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    Cited by:

    1. Elliott, Robert J.R. & Lindley, Joanne K., 2017. "Environmental Jobs and Growth in the United States," Ecological Economics, Elsevier, vol. 132(C), pages 232-244.
    2. Emanuele Campiglio, 2013. "The structural shift to green services," DEM Working Papers Series 033, University of Pavia, Department of Economics and Management.
    3. Goodell, John W. & Corbet, Shaen & Yadav, Miklesh Prasad & Kumar, Satish & Sharma, Sudhi & Malik, Kunjana, 2022. "Time and frequency connectedness of green equity indices: Uncovering a socially important link to Bitcoin," International Review of Financial Analysis, Elsevier, vol. 84(C).
    4. Jingbo Liang & Wuliyasu Bai & Qianqian Li & Xingyuan Zhang & Long Zhang, 2022. "Dynamic Mechanisms and Institutional Frameworks of China’s Green Development: An Analysis from the Perspective of Collaboration," Sustainability, MDPI, vol. 14(11), pages 1-18, May.
    5. Souha El Khanji, 2022. "Donors’ Interest in Water and Sanitation Subsectors," The European Journal of Development Research, Palgrave Macmillan;European Association of Development Research and Training Institutes (EADI), vol. 34(2), pages 611-654, April.
    6. Andreas A. Papandreou, 2015. "The Great Recession and the transition to a low-carbon economy," Working papers wpaper88, Financialisation, Economy, Society & Sustainable Development (FESSUD) Project.
    7. Mundaca, Luis & Luth Richter, Jessika, 2015. "Assessing ‘green energy economy’ stimulus packages: Evidence from the U.S. programs targeting renewable energy," Renewable and Sustainable Energy Reviews, Elsevier, vol. 42(C), pages 1174-1186.
    8. Ürge-Vorsatz, Diana & Kelemen, Agnes & Tirado-Herrero, Sergio & Thomas, Stefan & Thema, Johannes & Mzavanadze, Nora & Hauptstock, Dorothea & Suerkemper, Felix & Teubler, Jens & Gupta, Mukesh & Chatter, 2016. "Measuring multiple impacts of low-carbon energy options in a green economy context," Applied Energy, Elsevier, vol. 179(C), pages 1409-1426.
    9. Belaïd, Fateh & Al-Sarihi, Aisha & Al-Mestneer, Raed, 2023. "Balancing climate mitigation and energy security goals amid converging global energy crises: The role of green investments," Renewable Energy, Elsevier, vol. 205(C), pages 534-542.
    10. Simonis, Udo E., 2020. "Ökologischer Strukturwandel oder Green New Deal. Unterschiedliche Wege zur nachhaltigen Entwicklung," EconStor Open Access Articles and Book Chapters, ZBW - Leibniz Information Centre for Economics, vol. 75(2=884), pages 73-92.
    11. Joy Kim & Suh-Yong Chung, 2012. "The role of the G20 in governing the climate change regime," International Environmental Agreements: Politics, Law and Economics, Springer, vol. 12(4), pages 361-374, November.
    12. Bowen, Alex, 2012. "'Green'growth,'green'jobs and labor markets," Policy Research Working Paper Series 5990, The World Bank.
    13. Mundaca, Luis & Markandya, Anil, 2016. "Assessing regional progress towards a ‘Green Energy Economy’," Applied Energy, Elsevier, vol. 179(C), pages 1372-1394.
    14. Shailly Kedia & Rita Pandey & Ria Sinha, 2020. "Shaping the Post-COVID-19 Development Paradigm in India: Some Imperatives for Greening the Economic Recovery," Millennial Asia, , vol. 11(3), pages 268-298, December.
    15. Terry Barker & Annela Anger & Unnada Chewpreecha & Hector Pollitt, 2012. "A new economics approach to modelling policies to achieve global 2020 targets for climate stabilisation," International Review of Applied Economics, Taylor & Francis Journals, vol. 26(2), pages 205-221, October.
    16. Cui, Kai & Li, Xinxue & Li, Gang, 2023. "What kind of fiscal policies and natural resources efficiency promotes green economic growth? Evidence from regression analysis," Resources Policy, Elsevier, vol. 85(PB).
    17. Barbier, Edward B., 2020. "Is green rural transformation possible in developing countries?," World Development, Elsevier, vol. 131(C).
    18. Mundaca, Luis & Román, Rocio & Cansino, José M., 2015. "Towards a Green Energy Economy? A macroeconomic-climate evaluation of Sweden’s CO2 emissions," Applied Energy, Elsevier, vol. 148(C), pages 196-209.

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    More about this item

    Keywords

    Economic Recession; G20; global governance; Global Green New Deal; green stimulus; low-carbon economy; world economy;
    All these keywords.

    JEL classification:

    • F55 - International Economics - - International Relations, National Security, and International Political Economy - - - International Institutional Arrangements
    • F59 - International Economics - - International Relations, National Security, and International Political Economy - - - Other
    • H87 - Public Economics - - Miscellaneous Issues - - - International Fiscal Issues; International Public Goods
    • O13 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Agriculture; Natural Resources; Environment; Other Primary Products
    • O19 - Economic Development, Innovation, 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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