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Green growth and climate change

Related Document
Frame of Image ge • Inclusive green growth?
2
Green Growth – A Working Definition
• “Growth in economic output that preserves the ability of natural assets to provide the resources and services on which human welfare depends.” (Green Growth Knowledge Platform
website).
• Similar to definitions of sustainability:
• “Sustainable development is development that meets the needs of the present without compromising the ability of future generations to meet their own needs”. (Bruntland Commission, 1987). • “ The essence of sustainability lies in three axioms: A treatment … that places a positive value on the very long run Recognition of all the ways in which environmental assets contribute to economic well-being Recognition of the constraints implied by the dynamics of environmental assets. “
(Geoffrey Heal: Valuing the Future – Economic Theory and Sustainability).
3
Green Green Growth in a Development Framework
Welfare = W( Knowledge, Physical Capital, Natural Capital, Human Capital etc … )
Atmosphere Hydrosphere Soil and Sub-soil Assets Biosphere
Economy – Environment Interactions
Resource Flows and Services • Inputs for production & consumption • Environment as a sink for pollution • Amenity services Natural Natural Hazards and Shocks • Climate variability and change • Extreme weather events • Biohazards and disease
Market and Governance Failures
Externalities Public Goods Weak Property Rights Asymmetric Info Rent-Seeking … etc.
Poor Development Outcomes: Impacts on Growth, Poverty, Welfare
• E


Full Text
Title Green growth and climate change
Similar Titles
Project Category Capacity Building Workshops
Material Type Proceedings
Author(English)

Brahmbhatt, Milan

Publisher

World Bank

Date 2014-04
Project Capacity Building Workshops
Pages 36
Language English
File Type Documents
Original Format pdf
Subject Economy < Economic Administration
Government and Law < Governance
Holding KDI School of Public Policy and Management
Program Type Conference