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Global governance and the Global Green New Deal: the G7’s role

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  • Injy Johnstone

    (Victoria University of Wellington)

Abstract

Current headlines suggest that the world at large has missed the opportunity to ‘build back better’ from COVID-19 by way of a green recovery. However, such claims do not consider novel trends among plurilateral summit institutions, especially the extent to which global governance of a green recovery is encapsulated by the burgeoning norm bundle of the ‘Global Green New Deal’. Plurilateral summit institutions like the G20, G7 and the BRICS have the potential to play a key governance role in implementing a Global Green New Deal, given the breadth and depth of reform required to ‘build back better’ from COVID-19. This contribution adopts a practice-relationist methodology to explore this thesis. Green recovery practice is analysed through novel interrogation of the open-source stimulus spending data of the Global Recovery Observatory. The results reveal that the G7, the G20 and the BRICS are all funding proportionally more clean than dirty stimulus in response to COVID-19. However, the proportion of clean stimulus is much stronger among members of the G7. A relationist frame is then used to assess this practice against the potential norm entrepreneurship role of the G7, both as individual member states and as a collective. It concludes that although this norm entrepreneurship role is undoubtedly nascent, it yields valuable insights into the pathways and barriers for further norm diffusion of the Global Green New Deal among plurilateral summit institutions. In this way it highlights the unique role plurilateral summit institutions can play in not only globalising the green new deal, but crucially operationalising it. Thus, while the world may not yet be ‘building back better’ as a collective, it is institutional norm entrepreneurs who currently hold the blueprints.

Suggested Citation

  • Injy Johnstone, 2022. "Global governance and the Global Green New Deal: the G7’s role," Palgrave Communications, Palgrave Macmillan, vol. 9(1), pages 1-9, December.
  • Handle: RePEc:pal:palcom:v:9:y:2022:i:1:d:10.1057_s41599-022-01046-2
    DOI: 10.1057/s41599-022-01046-2
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    Cited by:

    1. Österreichische Forschungsstiftung für Internationale Entwicklung (ÖFSE) (ed.), 2024. "Green development finance? From climate crisis to global justice," Austrian Development Policy Report, Austrian Foundation for Development Research (ÖFSE), number 300821.
    2. Meri Koivusalo & Arseniy Svynarenko & Benta Mbare & Mikko Perkiö, 2024. "Disruptive (dis)engagement: platformisation as a global social policy," Palgrave Communications, Palgrave Macmillan, vol. 11(1), pages 1-13, December.
    3. Li, Songran & Shao, Qinglong, 2022. "Greening the finance for climate mitigation: An ARDL–ECM approach," Renewable Energy, Elsevier, vol. 199(C), pages 1469-1481.

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