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Low Carbon Growth: Economic Progress from the Planet’s Perspective

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  • Sta. Romana, Leonardo L.

Abstract

The term “low carbon growth” does not appear explicitly in any of the 17 Sustainable Development Goals and the 169 associated Targets (UN General Assembly 2015). Instead, it is mentioned by means of a synonymous term in one of the associated Indicators, i.e., in SDG Indicator13.2.1. The Paris Agreement mentions the phrase “low greenhouse gas emissions development” in two articles of the treaty (UN Framework Convention on Climate Change 2015). It seems likely then that the Paris Agreement was the source of the above phrase for SDG Indicator 13.2.1. Low carbon growth refers to a type of growth that relies on lower carbon emissions per unit of economic output, compared to the business-as-usual type of economic growth. The switch to a low carbon growth path is undertaken in order to become a low carbon economy.

Suggested Citation

  • Sta. Romana, Leonardo L., 2019. "Low Carbon Growth: Economic Progress from the Planet’s Perspective," MPRA Paper 115523, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:115523
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    References listed on IDEAS

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    1. Solomon Hsiang & Robert E. Kopp, 2018. "An Economist's Guide to Climate Change Science," Journal of Economic Perspectives, American Economic Association, vol. 32(4), pages 3-32, Fall.
    2. Thomas Covert & Michael Greenstone & Christopher R. Knittel, 2016. "Will We Ever Stop Using Fossil Fuels?," Journal of Economic Perspectives, American Economic Association, vol. 30(1), pages 117-138, Winter.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    Climate-friendly growth; Net-zero-emissions growth; Green growth; Energy transition; Fossil fuels; Renewables; Planetary boundaries; Tipping points; Climate economics;
    All these keywords.

    JEL classification:

    • Q5 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics
    • Q56 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Environment and Development; Environment and Trade; Sustainability; Environmental Accounts and Accounting; Environmental Equity; Population Growth

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