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Sustainability economics, resource efficiency, and the Green New Deal

Bretschger, Lucas

In: International Economics and Economic Policy, 2010, vol. 7, no. 2-3, p. 187-202

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    Titre
    • Sustainability economics, resource efficiency, and the Green New Deal
    Auteur
    • Bretschger, Lucas. CER-ETH Centre of Economic Research, ETH Zurich, ZUE F7, CH-8092, Zurich, Switzerland
    Type de document
    • Postprint
    Langue
    • Anglais
    Publié dans
    • International Economics and Economic Policy, 2010, vol. 7, no. 2-3, p. 187-202. Springer-Verlag
    Autre version électronique
    Identifiant OAI-PMH
    • oai:doc.rero.ch:311486
    Summary
    The paper addresses major sustainability issues within a simple general framework. It studies energy scarcity and endogenous capital formation in the long and medium run. It is shown that energy efficiency depends on the sectoral structure of the economy. Accordingly, structural change is an efficient way to promote both efficiency and sustainable development. The results for the medium run imply that the current crises offer a scope for the greening of the economy, provided that policy increases productivity through trust-building. However, there are major differences between economic recovery and sustainability so that the proposals of the Green New Deal have to be evaluated with care