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A global green recovery, the G20 and international STI cooperation in clean energy

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  • A global green recovery, the G20 and international STI cooperation in clean energy
  • Barbier, Edward B.
  • Science and Technology Policy Institute


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Title A global green recovery, the G20 and international STI cooperation in clean energy
Similar Titles
Material Type Articles
Author(English)

Barbier, Edward B.

Publisher

Seoul:Science and Technology Policy Institute

Date 2010-09
Journal Title; Vol./Issue STI Policy Review:vol.1(no.3)
Pages 15
Subject Country South Korea(Asia and Pacific)
Language English
File Type Link
Subject Industry and Technology < Energy
Territorial Development < Environment
Holding Science and Technology Policy Institute

Abstract

This paper makes the case that a new policy strategy to enhance a global green recovery is
needed urgently. The new strategy requires two essential elements. First, G20 economies
should follow the lead of South Korea and China and turn their green stimulus investments
into a serious long-term commitment, and to support these investments, they should adopt
environmental pricing policies and instigate pricing and regulatory reforms to reduce carbon
dependency. Second, the G20 also needs to target and coordinate assistance to developing
economies in science, technology and innovation (STI) for clean energy. Such assistance is
essential to help developing economies to overcome the skills, technological and capital gap
that they face in clean energy technologies over the long term. Reform of the Clean Development
Mechanism (CDM) is also necessary to establish a long-term global price signal for
carbon, and to increase the coverage of developing economies, the sectors and technologies
and the overall financing of clean energy projects. Formulating such a policy strategy should
appeal to both the Asian-Pacific and Western economies comprising the G20, and by working
together to formulate such a strategy, the G20 could lead the way toward a new era of
global economic management and STI cooperation in clean energy.

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