A Schumpeterian case can be made for boosting Green Growth in a global economic crisis.
This paper studies the reality and the potential for green industrial policy. It provides a summary of the green industrial policies, broadly understood, for five countries.
Fiscal considerations may shift governmental priorities away from environmental concerns: finance ministers face strong demand for public expenditures such as infrastructure investments but they are constrained by international tax competition.
The global economy produces energy from two sources: a polluting non-renewable resource and a renewable resource. Transforming crude energy into ready-to-use energy services requires costly processes and more efficient energy transformation rates are more costly to achieve.
With fiscal policy generally constrained by the need to restore confidence in the sustainability of public debt and the effectiveness of monetary policy to stimulate growth is reaching its limits, the question arises: what can advanced economy policymakers do to restore economic growth and stimul