Talks 17 September 2012 After Rio 20 More growth Thomas Sterner Visiting Chief Economist EDF Professor Environmental Econ Gothenburg Is Growth Good Is Growth ID: 411864
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Slide1
Development Talks17 September 2012After Rio +20:More growth!
Thomas Sterner
Visiting
Chief
Economist EDF
Professor
Environmental
Econ
GothenburgSlide2
Is Growth Good ?Slide3
Is Growth Good ?Slide4
Can ”GROWTH” be bad….?Yes: for growth
in simple output
No: NOT If
we mean growth in welfare and if we measure it right!This is environmental Economics. Slide5
Just go fast and you’ll get thereSlide6
The market is great butDoes not deal
with
externalitiesDoes not deal with public goodsDoes not deal with common propertyDoes not deal with risk and uncertaintyDoes not deal with assymetric informationDoes not deal with altruism, love or envySlide7
Is Anything New under the Sun?
World Bank
and UN workshops
Sustainable DevelopmentMax social welfare subject to distributional equityIs “GG” just re-packaging?IT IS More, used by (OECD, WB, UNEP, UN RIO+20, Korea)Green growth defined politically, not economicallyThis give us an OPPORTUNITYSlide8
Levying carbon tax, promoting low-carbon education proposed
Olympic
Growth
medalists Slide9
Growth ThreatenedSlide10
OTHER ENVIRONMENTAL PROBLEMSBiodiversitySpread of
Toxic
substancesManipulation of N & P cyclesOzone Depletion, AcidificationWater, Fish stocksSlide11
We can solve these problems
Catch
shares
Water treatment and purificationSlide12
Climate is specialLongrun Stock
Global
http://dhcp2-pc011135.fy.chalmers.se/EXEC/0/05wopec04fy3421f88wnj0rjch2c
x Slide13
CHALMERS CLIMATE CALCULATOR
EMISSIONS
STOCK OF C
TEMPERATUREChristian Azar, Daniel Johansson (Frt) (1 region vs)Slide14Slide15Slide16Slide17
STABILIZE EMISSIONSSlide18Slide19
CUT EMISSIONS 1%
FROM 2020Slide20
STILL T
2.5 OR 3°Slide21
SLASH EMISSIONS 2% IMMEDIATELYSlide22
Can we do this or are we doomed
?Slide23
Can we do this or are we doomed
?
Amory’s
HouseAmory’s Hypercars Amory’s Vision: Reinventing Fire0 coal 0 oil, Less Gas; 0 NuclearNo regulations – just smartness: The ”Search for Intelligent Life on Earth”Slide24Slide25Slide26Slide27Slide28Slide29
Ask Me---I think
you
can – but it will be difficult:Q=YP-βEmissions rise with income unless prices rise even faster!Slide30
Can u ”combine growth & environment”?
YES.
5 %
growth in Income and 2% DECREASE in emissions ????EASY: Price of gas has to rise by 9% every year.Slide31Slide32
All you have to do is get everyone to
agree
But, everyone does not agree.Taxes not popularCountries divided on goals & meansFairness in allocation looms bigSlide33
Nigeria abolished fuel subsidy Jan 1Slide34
This was what failed in COPenhagen
Pretend
it
does not matterHave ”green growth” ”instead”?Slide35
Green Growth will require agreement
But
plenty to do: Reseach and EducationInfrastructureWind and Solar and EfficiencyAgriculture and ForestryShort Lived Climate ForcersBottom up linking of carbon tradingSlide36
REMEMBERTaxes to back up
those
who invest in the new fire.Feebates, road pricing, feed-in tariffs…Utlimately grand deal and carbon price needed.