Tag Archives: green growth

Is green growth an oxymoron?

Is green growth an oxymoron?Our series of seminars with economic experts kicked off last July with a discussion on green growth with Dimitri Zenghelis, co-head of climate policy at the Grantham Research Institute at the LSE.

In our discussion I took the role of a sceptic, looking at critiques of the notion of green growth from different perspectives, ie environmental: challenging the need for growth; and economic: whether greening policies will actually stymie growth. In response Dimitri took the role of a proponent, making the positive case for how we can grow our economy and be green at the same time, so that green growth need not be an oxymoron. (1.55 mins) Read more

How to make City Deals greener

14560341_sThis is a guest post by Andy Nolan, Director of Sustainable Development at Sheffield City Council.

Eight core English cities including my own have now signed City Deals to boost their economies[1]. Work is already underway on putting the deals into practice, but there are many ways we can strengthen and build on what has been achieved so far.

The low carbon emphasis of the deals, for example, would be be much stronger if a number of things were to change: Read more

City deals are an opportunity for green growth

liverpool windfarmsIn its bid to unlock growth around the country, the government is turning to cities for help. The UK’s major urban hubs have been given decision-making powers, devolved funding and new financing models in return for drawing up growth plans. Eight of these ‘city deals’ were agreed in July 2012 with Birmingham, Bristol, Leeds, Liverpool, Manchester, Newcastle, Nottingham and Sheffield. And a further 20 cities now have the opportunity to do the same in a second wave of deals. Read more

How to get prosperity with growth (green growth that is)

graph upThis is a guest post by Dr Cameron Hepburn and Dr Alex Bowen of the LSE’s Grantham Research Institute on Climate Change. It is based on a longer paper 

The financial crisis and the Great Recession have put economic growth back at the top of the political agenda in most countries. That is not surprising. The surprise is that there has also been a backlash against economic growth, from three completely different camps.

First, those whom we call ’inevitable no-growthers‘, such as US economist Robert Gordon, who argue that low or zero growth in developed economies may be inevitable.  Second, ’environmental no-growthers‘, such as Prosperity without Growth author Tim Jackson, who argue that the planet cannot sustain continued increases in economic activity. Third, ’lifestyle no-growthers‘, such as Lord Robert and Edward Skidelsky, authors of How Much is Enough, who conclude that we would be better off without growth, because we should all stop working so hard, slow down and enjoy life a little more.

The delusions of ‘business as usual’ growth
There is something plausible in each of these arguments, and indeed some of these ideas are at least partially right. Certainly, they do not suffer from the delusions of those who would argue for return to ‘business-as-usual’ growth at all costs. Read more

Greening the economy is not a “nice to have”

Conservative MP Laura Sandys argues that low carbon growth is the only game in town.

This post was first published on BusinessGreen.

There are few terms in today’s industrial dictionary that are so loose, so ill-defined, as the term “The Green Economy”. Green jobs might have green outcomes, but not necessarily green functions. From the heavy engineering behind the construction of wind farms, to the white coats in universities perfecting smart metering technology, to those who will install the Green Deal – all of these job opportunities comprise part of the Green Economy. Read more

Why IT and the green economy are the real answer to the financial crisis

This is a guest post by Carlota Perez, an academic and  author of Technological revolutions and financial capitalthe dynamics of bubbles and golden ages. This article first appeared in Green Alliance’s magazine Inside Track.

The whole discussion about how to overcome the financial crisis and its consequences on the economy is wrongly focused. Getting public finances in order and the financial world back on its feet will not bring the world economy back to business as usual.  Healthy finance with a languid real economy will naturally find new ways of casino behaviour.

What is needed is a set of policies that will decidedly tilt the playing field in such a way that finance would find it more profitable to fund production than to gamble in derivatives or futures, while production, in turn, would find clear pathways to profitable innovation and expansion. We are facing a recurring twice-in-a-century event, equivalent to the 1930s after the crash of 1929, which needs to be understood to find effective solutions. Read more