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Greening the Economy

Author

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  • Steven Poelhekke

    (Vrije Universiteit Amsterdam and Tinbergen Institute)

Abstract

The economy is traditionally human-centered and has given too little consideration to plants, animals, climate, and nature in general. What should the economy do to become `green'? Changing people's social norms would be ideal but is hard to achieve. Second best is to regulate and constrain the economy through taxes, subsidies, standards, and redistribution. However, setting these to the `right' level is challenging and must address how much humans care about nature, the desire to retain the benefits of economic growth, and the political feasibility of implementing national and international policies that accelerate the transition to a green economy.

Suggested Citation

  • Steven Poelhekke, 2024. "Greening the Economy," Tinbergen Institute Discussion Papers 24-064/VIII, Tinbergen Institute.
    • Handle: RePEc:tin:wpaper:20240064
    as

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    File URL: https://papers.tinbergen.nl/24064.pdf
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    References listed on IDEAS

    as
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    More about this item

    Keywords

    green economy; climate change; social norms; climate policy; redistribution;
    All these keywords.

    JEL classification:

    • Q5 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics

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    This paper has been announced in the following NEP Reports:

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