A Global Green New Deal: Rethinking the Economic Recovery

Description

Meeting the short run challenges of reviving the worldwide economy need not mean sacrificing long run economic and environmental sustainability. A Global Green New Deal (GGND) is an economic policy strategy for ensuring a more economically and environmentally sustainable world economic recovery. Reviving growth and creating jobs should be essential objectives. But policies should also aim to reduce carbon dependency, protect ecosystems and water resources, and alleviate poverty. Otherwise, economic recovery today will do little to avoid future economic and environmental crises. Part One argues why a GGND strategy is essential to the sustainability of the global economy. Part Two provides an overview of the key national policies whilst Part Three focuses on the global actions necessary to allow national policies to work. Part Four summarizes the main recommendations for national and international action, and discusses the wider implications for restructuring the world economy towards 'greener' development. Cover Half-title Title Copyright Dedication Contents Figures Tables Boxes Foreword Preface Acknowledgements Part I: Why a Global Green New Deal? 1 Introduction: opportunity from crisis Multiple global crises Green fiscal stimulus and the G20 Business-as-usual growth A Global Green New Deal Part II: The Key Components of a Global Green New Deal 2 Reducing carbon dependency Creating low-carbon economies Reducing energy poverty Improving the sustainability of transportation Actions to make transport more sustainable Summary and conclusion 3 Reducing ecological scarcity Ecological scarcity and poverty Improving the sustainability of primary production Creating more sustainable resource-dependent economies Improving the livelihoods of the poor Improving water management Managing water scarcity, risk and vulnerability Summary and conclusion 4 Challenges facing developing economies 5 National priorities for a Global Green New Deal Proposed national actions The South Korean Green New Deal Part III: The Role of the International Community 6 Promoting global governance 7 Facilitating access to finance 8 Enhancing trade incentives Trade and trade facilitation financing Trade protectionism Trade liberalization 9 Conclusion: international priorities for a Global Green New Deal Part IV: Towards a Greener World Economy 10 Summary of recommendations National actions proposed for the Global Green New Deal International actions proposed for the Global Green New Deal 11 Will a Global Green New Deal succeed? Economic and employment gains from green sector investments Public versus private green sector investments Debt, global imbalances and a green recovery 12 Beyond a green economic recovery Complementary pricing policies Creating global markets Green development strategies Targeting aid and development Final remarks Appendix 1: PIIE–WRI analysis of a green recovery program for the United States Appendix 2: Pew comparative analysis of clean energy jobs and investments in the United States, 1998–2007 Glossary Index