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Introduction: The Twin Environmental Crises and Wishful Thinking

In: Environmental Governance and Greening Fiscal Policy

Author

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  • Murray Petrie

    (Victoria University of Wellington)

Abstract

Current approaches to environmental stewardship are demonstrably failing given existential threats of climate change and biodiversity loss. This book addresses the urgent question: how can governments be made more accountable for their environmental stewardship? It proposes three inter-related areas for action: (i) national State of the Environment reporting; (ii) expanded environmental target setting, integration in a dashboard of key national indicators, and reporting; and (iii) using a government’s most important policy statement and its most powerful strategy and policy integration instrument—fiscal policy and the annual budget cycle—to mainstream environmental goals, progressively eliminate harmful tax and expenditures policies, put a price on pollution, promote sustainable development, and provide environmental public goods. The Introduction sets out a high-level theory of change, discusses the roles of government, markets, and civil society, and presents an overview of the book.

Suggested Citation

  • Murray Petrie, 2021. "Introduction: The Twin Environmental Crises and Wishful Thinking," Palgrave Studies in Impact Finance, in: Environmental Governance and Greening Fiscal Policy, chapter 0, pages 1-19, Palgrave Macmillan.
    • Handle: RePEc:pal:psifcp:978-3-030-83796-9_1
    DOI: 10.1007/978-3-030-83796-9_1
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