- The relevance and effectiveness of green growth initiatives in South Asia;
- The current status of regional and national green growth strategies;
- Compatibility with traditional and emerging country growth models;
- Evidence on what works and what does not, and the knowledge gap;
- The challenges and opportunities that green growth poses for poverty reduction in the region; and
- The key institutions carrying out research on green growth in the region.
As a global agreement on climate mitigation and absolute emissions reductions remains grid-locked, this paper assesses whether the prospects for international technology cooperation in low-carbon sectors can be improved. It analyses the case of international cooperation on electric vehicle technologies to elaborate on the trade-offs that cooperation such as this inherently attempts to balance– national growth objectives of industrial and technology development versus the global goods benefit of reducing greenhouse gas (GHG) emissions. It focuses on bilateral German-Chinese programmes for electric vehicle development, as well as multilateral platforms on low-carbon technology cooperation related to electric vehicles. Based on insights from these cases studies, this paper ultimately provides policy recommendations to address gaps in international technology cooperation at a bilateral level for ongoing German-Chinese engagement on electric vehicles; and at a multilateral level with a focus on the emerging technology cooperation framework of the United Nations Framework Convention on Climate Change (UNFCCC).
The carbon markets are in the middle of a fundamental crisis - a crisis marked by collapsing prices, fleeing actors, and ever increasing greenhouse gas levels. Yet carbon trading remains at the heart of global attempts to respond to climate change. Not only this, but markets continue to proliferate - particularly in the Global South.
The book helps to make sense of this paradox and brings two urgently needed insights to the analysis of carbon markets. First, the markets must be understood in relation to the politics involved in their development, maintenance and opposition. Second, this politics is multiform and pervasive. Implementation of new techniques and measuring tools, policy development and contestation, and the structuring context of institutional settings and macro-social forces all involve a variety of political actors and create new forms of political agency. The contributions study the total extent of the carbon markets, from their prehistory to their contemporary expansion and wider impacts.
The authors find that from an international perspective, there is strong evidence that green investments are significantly different from SRI investments in terms of financial performance and underlying firm characteristics. Green equities outperformed SRI equities between 2003 and 2007, whereas they underperformed between 2008 and 2012 with absolute multi-factor alphas of more than 1 per cent per month in both directions. Green portfolios mainly contain stocks of low quality with weak business models that are highly capital-demanding but unprofitable, whereas SRI portfolios are principally characterized by stocks with well-conceived and profitable business models. The authors suggest that green investments can be considered as a sector bet on the renewable energy industry shaped by massive governmental subsidies during the mid-2000s.
This report recommends actions by the public and private sectors to foster the growing market for SMEs in the clean technology sector.
Acknowledging the environmental and economic potential of green entrepreneurship, and recognizing the daunting challenges clean technology SMEs are facing, particularly in accessing early and growth stage financing, the report provides policymakers with a range of practical instruments that help support SMEs in clean technology sectors such as innovative finance, entrepreneurship and business acceleration, market development, technology development, and the legal and regulatory framework. These policy considerations are illustrated through case studies of national programs in South Korea, India, Thailand, and Ethiopia.
The report also highlights clean technology market opportunities that can have large social impact and the benefit of promoting clean technology jobs.
If economic arguments could make such a strong case for early action and policy change to address the threats of climate change, then could the same be possible for biodiversity loss? The Economics of Ecosystems and Biodiversity (TEEB) has been exploring this question since the initiative was launched by Germany and the European Commission in 2007. Half a decade later this publication based on a chapter included in the book “Nature in the Balance: The Economics of Biodiversity” (eds. Dieter Helm and Cameron Hepburn), describes the life of TEEB to date, progress made towards its goal of mainstreaming the economics of nature, the main challenges as the initiative begins a phase of implementation, as well as the responses of the TEEB community.