Since the old economy broke down in 2008, presidents, prime ministers and mayors have been promising their electorate "green" or "sustainable growth" -- and that is good news. In order to confront "the epidemic" of global warming and shape a safe economic future, we need to combine green and growth.
The bad news is that nobody knows what "green growth" is. The term has risen to stardom despite a very fragile fact base and almost no academic understanding of how, e.g., reducing emissions of CO2 can actually create jobs and additional activity in the economy. And that is a very dangerous situation. Without firm definitions and a body of evidence to support policies and investments, there is a great deal of risk that green growth will not happen. It will be too easy to argue against.
To read the full, original article click on this link: Erik Rasmussen: Green Growth: Buzz Word or a New Sustainable Economy?
Author: Erik Rasmussen
