This paper analyses the performance of the Dutch “Green Funds Scheme”. This scheme is a policy instrument to advance green projects. The scheme relies on tax compensation for private investors who save or invest in green institutions below market returns. The green institutions select and monitor certified green projects and pass through part of the lower funding costs to investors. Certification of the green projects is based on environmental value-added and innovation. The authors provide a description of the characteristics of this incentive scheme and investigate the scheme's performance.
This article appears in the Special Issue: Green Economy and Sustainable Development.
A rather young but rapidly accelerating biofuel industry has recently emerged in China. However, there is no legislation or policy specifically regulating biofuels or bioenergy. In addition, most of the regulatory functions are undertaken by policy initiatives rather than by law. As a result, the regulation and, in a broader context, governance of biofuels still face several major obstacles, including unclear development directions, ignored impact of biofuels development on society, environment and economy, and limited public participation. This paper argues that legislation on biofuels in the form of joint departmental rule is a departure for a comprehensive regulatory framework to overcome the current obstacles and to realize the sustainable development of the biofuels industry in China.
This article appears in the Special Issue: Green Economy and Sustainable Development.
A green economy that incorporates a vision of environmental sustainability and equitable social development requires a fundamental rethinking of the existing economic models which centre on growth. In theory, this rethinking leans towards political ecology, which explores the State's relationship with market and civil society. In practice, more dynamic and inclusive public-private partnerships are being sought after in various domains of sustainable development. However, very little has been clarified with regard to the basic conditions that make dynamic partnerships both sustainable and equitable. This paper proposes to explore potential conditions by drawing on the public procurement of local food for school meals. The so-called home-grown school feeding initiative is a pertinent example because it focuses on the qualities of public services that do not fully follow the conventional free market principle, but instead promote the deliberative engagement of various actors.
Green growth, the promotion of energy efficiency and clean energy technologies and sustainable development are frequently viewed as complementary goals by international policymakers. This paper argues that green growth will not ensure sustainable economic development as long as global ecosystem degradation and loss means that the world continues to face worsening problems of ecological scarcity — the loss of myriad benefits, or “services”, as these systems are exploited for human use and activity. Overcoming this problem requires addressing further sustainability and funding challenges. The sustainability challenge is to overcome a vast array of market, policy and institutional failures that prevents recognition of the economic significance of this scarcity. The funding challenge is to bridge the shortfall between the global benefits that humankind receives from ecosystems and what we are willing to pay to maintain and conserve them. Improving economic and scientific analysis of ecological scarcity, valuing the loss in benefits, and translating the implications into policy are the key steps for addressing the sustainability challenge.