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Economic Growth and the Environment

In: Environmental Finance and Investments

Author

Listed:
  • Marc Chesney

    (University of Zurich)

  • Jonathan Gheyssens

    (United Nations Environmental Programme Financial Initiative (UNEP FI))

  • Anca Claudia Pana

    (University of Zurich)

  • Luca Taschini

    (London School of Economics and Political Sciences and Grantham Research Institute on Climate Change and the Environment)

Abstract

The threat of climate change is raising important questions regarding how could we organize our economic activity in order to deal with the imminent increases in temperature and their consequences. In Chap. 4, we analysed how could the negative externalities from production be internalized, and studied the possible benefits and disadvantages of relying on a tax or cap-and-trade system. Finally, we looked at alternatives to dealing with climate change, such as adaptation and geoengineering strategies. Indeed, many important questions arise when considering the different options, and relying on one strategy or the other is by far not an easy choice. However, besides the practicalities of dealing effectively with climate change, this threat might as well be an opportunity to fundamentally question our entire socio-economic system that created the problem in the first place. Is the climate crisis an unavoidable outcome of a system that always tries to evolve, and should we, thus, find the best way to deal with it? Or, are there some fundamental flaws in this system that we could avoid? This chapter focuses on the link between economic growth and the environment.

Suggested Citation

  • Marc Chesney & Jonathan Gheyssens & Anca Claudia Pana & Luca Taschini, 2016. "Economic Growth and the Environment," Springer Texts in Business and Economics, in: Environmental Finance and Investments, edition 2, chapter 5, pages 73-101, Springer.
    • Handle: RePEc:spr:sptchp:978-3-662-48175-2_5
    DOI: 10.1007/978-3-662-48175-2_5
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    Citations

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    Cited by:

    1. Muhammed Ashiq Villanthenkodath & Mohd Arshad Ansari & Muhammad Shahbaz & Xuan Vinh Vo, 2022. "Do tourism development and structural change promote environmental quality? Evidence from India," Environment, Development and Sustainability: A Multidisciplinary Approach to the Theory and Practice of Sustainable Development, Springer, vol. 24(4), pages 5163-5194, April.
    2. Olatunji A. Shobande & Simplice A. Asongu, 2021. "Financial Development, Human Capital Development and Climate Change in East and Southern Africa," Working Papers 21/042, European Xtramile Centre of African Studies (EXCAS).
    3. Arib Fatima & Tarbalouti Essaid & Houria Et-Touile & Moussane Aboutayeb, 2022. "Impacts of economic growth and CO2 emissions on health expenditures in Morocco ARIB Fatima, TARBALOUTI Essaid, ET-TOUILE Houria, MOUSSANE Aboutayeb [Impacts de la croissance économique et des émiss," Post-Print hal-03909149, HAL.
    4. Syeda Azra Batool & Humara Ahmad & Syed Muhammad Ahmad Hassan Gillani & Hamad Raza & Muhammad Siddique & Nohman Khan & Muhammad Imran Qureshi, 2021. "Investigating the Causal Linkage among Economic Growth, Energy Consumption, Urbanization and Environmental Quality in ASEAN-5 Countries," International Journal of Energy Economics and Policy, Econjournals, vol. 11(3), pages 319-327.
    5. Cheng Jin & Asif Razzaq & Faiza Saleem & Avik Sinha, 2022. "Asymmetric effects of eco-innovation and human capital development in realizing environmental sustainability in China: evidence from quantile ARDL framework," Economic Research-Ekonomska Istraživanja, Taylor & Francis Journals, vol. 35(1), pages 4947-4970, December.
    6. Langnel, Zechariah & Amegavi, George Babington & Donkor, Prince & Mensah, James Kwame, 2021. "Income inequality, human capital, natural resource abundance, and ecological footprint in ECOWAS member countries," Resources Policy, Elsevier, vol. 74(C).
    7. Shazia Kousar & Muhammad Afzal & Farhan Ahmed & Štefan Bojnec, 2022. "Environmental Awareness and Air Quality: The Mediating Role of Environmental Protective Behaviors," Sustainability, MDPI, vol. 14(6), pages 1-20, March.
    8. Han, Guixin & Cai, Xuesen, 2024. "The linkages among natural resources, sustainable energy technologies and human capital: An evidence from N-11 countries," Resources Policy, Elsevier, vol. 90(C).

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