Heal, GeoffreyHallegatte, StephaneTreguer, DavidFay, Marianne2012-03-192012-03-192011-11-01https://hdl.handle.net/10986/3670Green growth is about making growth processes resource-efficient, cleaner and more resilient without necessarily slowing them. This paper aims at clarifying these concepts in an analytical framework and at proposing foundations for green growth. The green growth approach proposed here is based on (1) focusing on what needs to happen over the next 5-10 years before the world gets locked into patterns that would be prohibitively expensive and complex to modify and (2) reconciling the short and the long term, by offsetting short-term costs and maximizing synergies and economic co-benefits. This, in turn, increases the social and political acceptability of environmental policies. This framework identifies channels through which green policies can potentially contribute to economic growth. However, only detailed country- and context-specific analyses for each of these channels could reach firm conclusion regarding their actual impact on growth. Finally, the paper discusses the policies that can be implemented to capture these 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.CC BY 3.0 IGOAGRICULTUREAIRAIR CONDITIONERSAIR POLLUTIONAIR QUALITYALTERNATIVE POLICIESASSETSBENCHMARKBENCHMARKINGCAPITAL MARKETSCARBONCARBON EMISSIONSCARBON PRICECARBON TAXCLIMATECLIMATE CHANGECLIMATE DAMAGESCLIMATE POLICIESCLIMATE SENSITIVITYCOALCOASTAL STORMSCOMMON PROPERTYCOMMON PROPERTY RESOURCESCOMPETITIVENESSCONSUMERSCONSUMPTION PATTERNSCOST OF FUELDEVELOPMENT ECONOMICSDEVELOPMENT POLICYDISCOUNT RATEDISTRIBUTIONAL EFFECTSDISTRIBUTIONAL IMPACTSDOUBLE DIVIDENDDRINKING WATERECONOMIC ACTIVITYECONOMIC BENEFITSECONOMIC DEVELOPMENTECONOMIC GROWTHECONOMIC IMPACTSECONOMIC IMPLICATIONSECONOMIC PERFORMANCEECONOMIC POLICIESECONOMIC PROBLEMECONOMIC PROGRESSECONOMIC VALUEECONOMICS LITERATUREECONOMICS OF SCALEECONOMIES OF SCALEECONOMIES OF SCOPEELASTICITIESELASTICITYELASTICITY OF SUBSTITUTIONELECTRIC POWEREMISSION REDUCTIONEMISSION REDUCTIONSEMISSIONS REDUCTIONEMPIRICAL EVIDENCEENERGY CONSUMPTIONENERGY DEMANDENERGY EFFICIENCYENERGY EFFICIENCY MEASURESENERGY EFFICIENCY STANDARDENERGY EFFICIENCY STANDARDSENERGY INFRASTRUCTUREENERGY POLICYENERGY PRICEENERGY PRICESENERGY SAVINGSENERGY SECURITYENERGY USEENVIRONMENTALENVIRONMENTAL ACCOUNTINGENVIRONMENTAL BENEFITSENVIRONMENTAL CATASTROPHEENVIRONMENTAL CHANGESENVIRONMENTAL CONSERVATIONENVIRONMENTAL DAMAGESENVIRONMENTAL DEGRADATIONENVIRONMENTAL ECONOMICSENVIRONMENTAL EXTERNALITIESENVIRONMENTAL GOODSENVIRONMENTAL IMPACTSENVIRONMENTAL IMPROVEMENTENVIRONMENTAL ISSUESENVIRONMENTAL KUZNETSENVIRONMENTAL MANAGEMENTENVIRONMENTAL PERFORMANCEENVIRONMENTAL POLICIESENVIRONMENTAL POLICYENVIRONMENTAL PROBLEMENVIRONMENTAL PROBLEMSENVIRONMENTAL PROTECTIONENVIRONMENTAL QUALITYENVIRONMENTAL REGULATIONENVIRONMENTAL REGULATIONSENVIRONMENTAL TAXATIONENVIRONMENTAL VALUATIONEQUILIBRIUMEXOGENOUS SHOCKSEXPECTED UTILITYEXPECTED VALUESEXPENDITURESEXTERNAL COSTSEXTERNALITIESEXTERNALITYFARMSFINANCIAL SUPPORTFISHFISHERIESFISHINGFOOD PRODUCTIONFORESTRYFOSSIL FUELSFUEL PRICESGDPGDP PER CAPITAGREEN ACCOUNTINGGREENHOUSE GASESGROWTH MODELSGROWTH POLICIESGROWTH POLICYGROWTH POTENTIALGROWTH RATEGROWTH THEORYHIGH UNEMPLOYMENTHUMAN CAPITALHURRICANESIMPERFECT INFORMATIONINCOMEINEFFICIENCYINFLATION RATEINVESTMENT IN ENERGY EFFICIENCYIRREVERSIBILITYJOBSLABOR FORCELABOR MARKETSLABOR PRODUCTIVITYLAND USELIVING STANDARDSWorld Bank10.1596/1813-9450-5872