Week 4: Green Growth Flashcards
Definition
harmonize econ growth with env. sustainability => create win win strategy between env + econ
Green growth: critical aspects
- demand-side management => consumption pattern change
- eco tax reform, other econ. + institutional aspects
- increasing incomes with reduced env. impact
Decoupling
decouple econ growth with env pollution => continue growth but without growing env impact
GG: Concept changes
- env protection: from barrier to econ growth to a driver => environmental industries
- production and consumption: designed based on life cycle concepts
GG: System changes
- eco- efficiency of production and consumption
- more effective decision making required
- Green GDP, green accounting, green tax budget reform
Brown Growth
1) quantitative (GDP, economy-focused)
2) resource intensive (more input more output)
3) production factor-intensive (labor capital natural asset)
4) energy dependency (fossil fuel driven)
5) climate vulnerable (high risk, low adaptive capacity)
6) unsus growth
Green growth
1) Qualitative (holistic-economy, env, society)
2) resource-efficient (less input more outpu)
3) innovation based tech )value-added knowledge)
4) energy-self-sufficiency (renewable)
5) climate-resilient (low risk, high adaptive capacity)
6) SD
GG: Policy instruments
- eco-tax reform
- green tax
- green tax & budget reform
Korea GG
- strict recycling, volume based food waste fee system june 2013
China GG
resource-efficient economy, conservation-minded society and green GDP (retarding econ growth, abandoned)
Japan GG
reduce, reuse, recycle (3Rs)
GG Korea more
- switch energy sources to renewable sources
- increase energy efficiency
- develop tech and industries in energy supply and env protection
- integrate approaches into conventional industries
Korea GG Policy Vision and Direction: Strategies
1) Climate change adaptation and energy self-sufficiency
2) Development of new growth engines
3) good quality of life and leading country of GG
GG Policy Korea: 1) Climate change adaptation and energy self-sufficiency
- effective reduction of GHGs
- Non-fossil fuel-based energy supply
- higher capacity for CC adaptation
GG policy Korea: 2) Development of new growth engines
- Dev and commercialization of green tech
- greening of industries and dev of green industries
- upgrade of industrial structure
- foundation of green economy
GG Policy Korea: 3) good quality of life and leading country of GG
- green transport and land use
- green revolution in living
- a leading country of green growth
GG current situation Korea
- de-emphasis after Myunbak lee stepped down >= following regime kept distance
- announcement of seoul initiative network on GG (SINGG) Network project in june 2023
Eco-efficiency
achieved by teh devlivery of competitively-priced goods and services that satisfy human needs and bring quality of life while progressively reducing ecological impacts and resource intensity throughout the life-cycle to a level at least in line with the earths estimated carrying capacity
=> more econ value with less env impact
econ and env in parallel
eco-efficiency macroscale
economy grows, qual of life decreases but increases again and resource use and pollution go down
eco-eff formula
Product or service value/ env. influence
Role of gov - eco eff
- internalize externalities
- price resources and pollution properly
- eliminate perverse subsidies and reward those who avoid pollution
- subsidies: political matter, not economic
Challenge Eco eff
- not sufficient by itself
- integrates only 2 of 3 SD factors
GG and EE are
supplement ideas to support SD but put more emphasis on economy
Environmental Kuznets Curve
as a country’s economy grows, environmental degradation initially increases, but after reaching a certain level of income or development, it begins to decrease
