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22. Can adjustment costs in research derail the transition to green growth?
- Author:
- Laura Nowzohour
- Publication Date:
- 05-2021
- Content Type:
- Research Paper
- Institution:
- Centre for International Environmental Studies, The Graduate Institute (IHEID)
- Abstract:
- Adjustment costs are a central bottleneck of the real-world economic transition essential for achieving the sizeable reduction of greenhouse gas (GHG) emissions set out by policy makers. Could these costs derail the transition process to green growth, and if so, how should policy makers take this into account? I study this issue using the model of directed technical change in Acemoglu, Aghion, Bursztyn, and Hemous (2012), AABH, augmented by a friction on the choice of scientists developing better technologies. My results show that such frictions, even minor, materially affect the outcome. In particular, the risk of reaching an environmental disaster is higher than in the baseline AABH model. Fortunately, policy can address the problem. Specifically, a higher carbon tax ensures a disaster-free transition. In this case, the re-allocation of research activity to the clean sector happens over a longer but more realistic time horizon, namely around 15 instead of 5 years. An important policy implication is that optimal policies do not act over a substantially longer time horizon but must be more aggressive today in order to be effective. In turn, this implies that what may appear as a policy failure in the short-run | a slow transition albeit aggressive policy | actually re ects the efficient policy response to existing frictions in the economy. Furthermore, the risk of getting environmental policy wrong is highly asymmetric and `robust policy' implies erring on the side of stringency.
- Topic:
- Climate Change, Economics, Environment, Economic Growth, Green Technology, Economic Policy, Renewable Energy, and Sustainability
- Political Geography:
- Global Focus
23. Análisis crítico de la Política de Crecimiento Verde
- Author:
- Jhandra Melissa Díaz López, Luis Carlos Ávila, and Edgar Forero
- Publication Date:
- 02-2021
- Content Type:
- Policy Brief
- Institution:
- Centro Interdisciplinario de Estudios sobre Desarrollo (CIDER), Universidad de los Andes
- Abstract:
- La economía colombiana se proyecta como una de las de mayor crecimiento a nivel regional (entre los años 2000 y 2015 tuvo un crecimiento del 4.26%) (CONPES; DNP, 2018), lo cual ha tenido efectos en el país sobre la disminución de la pobreza, la desigualdad y el desempleo. Sin embargo, esta presenta grandes problemas relacionados con su diversificación, productividad y sostenibilidad, así como con la baja generación de bioproductos, las deficientes capacidades en Ciencia y Tecnología, y el control de los efectos del cambio climático. Este panorama ha expuesto la necesidad de formular diversas políticas y leyes que propicien espacios para promover el desarrollo productivo, la mitigación y la adaptación al cambio climático. Al no haber una política integradora, en el año 2018 se propuso la Política de Crecimiento Verde, cuyo objetivo es impulsar la competitividad y productividad económicas del país, sin dejar de lado la necesidad de garantizar la gestión sostenible de recursos naturales, la igualdad social, la mitigación y adaptación frente al cambio climático, y el manejo adecuado de biotecnología y recursos sólidos, todo esto con un horizonte definido al año 2030. En este documento se presenta una revisión crítica de la política, compuesta por la descripción de sus principales objetivos y motivaciones, un ejercicio de identificación de sus principales limitantes, una discusión sobre su alcance y aplicabilidad y una propuesta de ajuste a sus objetivos y estrategias de comunicación y socialización. Entre los principales puntos críticos que se presentan, están aquellos relacionados con su carácter continuista, que propone la adaptación de los recursos naturales y sociales al servicio de la economía, la falta de cambios estructurales que permitan avanzar hacia una gestión equilibrada de los recursos, la prevalencia contradictoria de la competitividad sobre los objetivos de investigación e innovación y la necesidad de tomar en cuenta los intereses generales por encima de los particulares. Así mismo, se realiza una propuesta orientada a cómo consideran los autores que se deben reestructurar los objetivos de la política y la necesidad de integrar una propuesta de gobierno abierto dirigida a fomentar la socialización y divulgación, la participación social y colaboración ciudadana, y la transparencia y rendición de cuentas.
- Topic:
- Science and Technology, Economic Growth, Green Technology, Economic Development, and Sustainability
- Political Geography:
- Colombia
24. Old Fertilizer in New Bottles: Selling the Past as Innovation in Africa’s Green Revolution
- Author:
- Timothy A. Wise
- Publication Date:
- 02-2021
- Content Type:
- Working Paper
- Institution:
- Global Development and Environment Institute at Tufts University
- Abstract:
- Rising global hunger in recent years has prompted calls for a broad reckoning over what is wrong with global food systems. Our changing climate has added urgency to the crisis. Many experts warn that our current agricultural practices are undermining the resource base – soil, water, seeds, climate – on which future food production depends. Now the global COVID-19 pandemic threatens to further exacerbate food insecurity for many of the world’s poor. Africa is projected to overtake South Asia by 2030 as the region with the greatest number of hungry people. An alarming 250 million people in Africa now suffer from “undernourishment,” the U.N. term for chronic hunger. If policies do not change, experts project that number to soar to 433 million in 2030. A growing number of farmers, scientists, and development experts now advocate a shift from high-input, chemical-intensive agriculture to low-input ecological farming. They are supported by an impressive array of new research documenting both the risks of continuing to follow our current practices and the potential benefits of a transition to more sustainable farming. The new initiatives have been met with a chorus of derision from an unsurprising group of commentators, many associated with agribusiness interests. They dismiss agroecology as backward, a nostalgic call for a return to traditional peasant production methods which they say have failed to feed growing populations in developing countries. For such critics, the future is innovation and innovation is technology: the kinds of commercial high-yield seeds and inorganic fertilizers associated with the Green Revolution. This paper explores the ways in which this innovation narrative flips reality on its head, presenting Green Revolution practices of the past as if they were new innovations. It does so through the lens of the battle for Africa’s food future, examining the disappointing results from the Alliance for a Green Revolution for Africa (AGRA). In contrast, the real innovations in Africa are coming from soil scientists, ecologists, nutritionists, and farmers themselves who actively seek alternatives to approaches that have been failing small-scale farmers for years. A wide range of farmer organizations, scientists, and advocates offer a broad and diverse array of ecologically-based initiatives based on sound science. These are proving far more innovative and effective, raising productivity, crop and nutritional diversity, and incomes while reducing farmers’ costs and government outlays.
- Topic:
- Agriculture, Climate Change, Green Technology, Rural, Innovation, Land, and Farming
- Political Geography:
- Africa
25. To Bring Emissions-Slashing Technologies to Market, the United States Needs Targeted Demand-Pull Innovation Policies
- Author:
- Varun Sivaram, Matt Bowen, Noah Kaufman, and Doug Rand
- Publication Date:
- 01-2021
- Content Type:
- Working Paper
- Institution:
- Center on Global Energy Policy (CGEP), Columbia University
- Abstract:
- President-elect Joe Biden has called climate change one of the four most important crises facing the country and pledged ambitious climate action.[1] At the heart of his strategy to slash US and global emissions is a focus on developing new and improved technologies to make clean energy transitions more affordable. During the campaign, Biden pledged a “historic investment in clean energy innovation.”[2] Indeed, boosting funding for energy research, development, and demonstration (RD&D) is widely popular among both Republicans and Democrats and represents a rare legislative opportunity for advancing climate policy under a razor-thin Democratic majority in Congress.[3] In December 2020, Congress passed the most sweeping energy legislation in a decade, attached to the $900 billion COVID-19 stimulus package, and authorized boosting clean energy RD&D funding.[4] Yet such investments alone may not be sufficient to successfully commercialize critical clean energy technologies. Today’s energy industry presents daunting barriers that impede the swift adoption of newer, cleaner technologies. As a result, the private sector underinvests in scaling up promising technologies and building out clean energy infrastructure.[5] Therefore, in addition to funding energy RD&D (“technology-push” policies), government policies should bolster market demand for clean energy to encourage private investors and firms to scale up and commercialize new technologies (“demand-pull” policies). Still, there are steep political obstacles in the way of many ambitious demand-pull policies. For example, President-elect Biden has called for economywide measures such as a clean electricity standard and $400 billion of public procurement of clean products such as electric vehicles.[6] These policies would create large markets for mass deployment of clean energy and speed a clean energy transition. But enacting them requires substantial new regulations and appropriations from Congress, a challenging feat even given the new Democratic control of both chambers of Congress. Fortunately, there is a set of targeted demand-pull measures that the Biden administration can immediately use—with existing statutory authority and without requiring massive new appropriations—to create early markets for promising clean energy technologies. These measures, which we call “demand-pull innovation policies,” fill a niche between RD&D investments that create new technology options and policies that support the large-scale deployment of clean energy. Demand-pull innovation policies focus narrowly on creating and shaping early markets for emerging technologies. For example, targeted government procurement, prize competitions, or milestone payments can provide early markets for clean energy technologies that have been developed with the aid of public RD&D funding. The government can also coordinate private procurement or otherwise catalyze private market adoption through certification and standard-setting processes. Such demand-pull innovation policies have extremely high leverage and have transformed limited public investment into flourishing private commercial markets across the space, medical, and energy fields.[7] Coherently pursuing demand-pull innovation policies will require coordination across the federal government. To this end, the incoming Biden administration should consider creating a new government office, the Energy Technology Markets Office (ETMO), to spearhead the scale-up and commercialization of promising clean energy technologies. The ETMO could be housed within the Department of Energy (DOE) to take advantage of the DOE’s deep expertise in energy technologies and markets. Indeed, in the recently passed Energy Act of 2020 (Division Z of the Consolidated Appropriations Act of 2021), Congress directed the DOE to build its capabilities to pursue demand-pull innovation policies.[8] In the same legislation, Congress also authorized the DOE’s Office of Technology Transitions, which could alternatively lead the demand-pull innovation agenda. Regardless of whether the administration creates a new office or augments an existing one, in order to maximize their potential impact, demand-pull innovation policies should not be the domain of only the DOE. Rather, the DOE should collaborate with a range of federal agencies—many of which, such as the Department of Defense, have sizable resources to invest in emerging technology procurement—to enact policies and pursue public-private partnerships to build market demand for the innovations critical to decarbonization. In concert with new RD&D investments in clean energy innovation, demand-pull innovation policies could be a powerful tool to speed the adoption of new technologies and cultivate advanced energy industries that can manufacture and export US innovations.
- Topic:
- Climate Change, Energy Policy, Environment, Science and Technology, Green Technology, and Carbon Emissions
- Political Geography:
- North America and United States of America
26. How Green is China’s Belt and Road Initiative?
- Author:
- Alice Politi
- Publication Date:
- 04-2021
- Content Type:
- Working Paper
- Institution:
- Istituto Affari Internazionali
- Abstract:
- China’s Belt and Road Initiative (BRI) has been described as the largest infrastructure project in history, affecting around 60 per cent of the global population. Whilst promoting a narrative of connectivity, growth and “win-win partnerships”, the project has received opposing assessments regarding its wider impact, particularly in the environmental domain.
- Topic:
- Climate Change, Infrastructure, Green Technology, and Belt and Road Initiative (BRI)
- Political Geography:
- China and Asia
27. The EU Green Deal and Its Industrial and Political Significance
- Author:
- Hosuk Lee-Makiyama
- Publication Date:
- 02-2021
- Content Type:
- Policy Brief
- Institution:
- European Centre for International Political Economy (ECIPE)
- Abstract:
- The European Green Deal, the flagship initiative of the incumbent European Commission, aims to cut greenhouse gas (GHG) emissions to 55% by 2030 (from the current target of cutting 40% of 1990 levels) by overhauling fiscal, trading and regulatory regimes. Brussels is well-placed to deliver the interregional distribution or the minutiae of technical regulations that this challenge calls for. Energy diversification is also central to EU competitiveness and strategic autonomy. But this initiative is not costless: its official impact assessment points to a GDP loss of additional -0.3 to -0.7%, by 2030, relative to the previous level of ambition. The full loss could be up to -2.5%. These costs are also unevenly, and the inability to cushion asymmetrical shocks have nearly torn the Union apart in the past. A carbon-neutral Europe could also make losers out of today’s winners among stakeholders and give the EU a significantly different industrial structure, forcing over-exporting Northern Europe into reforms that are probably overdue. Most importantly, the gap between the financing needed and the financing available is unprecedented. The success of the European Green Deal and a cost-efficient transition hinge on the rapid and effective mobilisation of investments – as the diffusion period for new energy-related technology is 40-50 years. Therefore, a smart climate policy does not just distribute costs and investments between different groups, but also over time: The investments are needed now, if we are to reap their benefits before 2050.
- Topic:
- Environment, Industrial Policy, International Political Economy, European Union, Green Technology, Sustainability, and Green Deal
- Political Geography:
- Europe
28. Climate-Migration: A Security Analysis within the Context of Green Theory
- Author:
- Tayyar Ari and Faith Bilal Gokpinar
- Publication Date:
- 01-2021
- Content Type:
- Journal Article
- Journal:
- Uluslararasi Iliskiler
- Institution:
- International Relations Council of Turkey (UİK-IRCT)
- Abstract:
- This study aims to discuss climate migration as a relatively new global issue with various dimensions and to widen the current perspective within global politics to be more inclusive and ecocentric. This study argues that traditional international relations theories and practices are ineffective in discussing and analyzing climate migration as a new global security problem. After a discussion of the conceptual problems, the traditional paradigms of international relations, their policy implications, and the traditional actors will be identified as the primary sources of this problems. Finally, we will conclude that the application of an ecocentric perspective, with holistic characteristics, will provide a better understanding of the current problems.
- Topic:
- Security, Climate Change, Environment, Migration, and Green Technology
- Political Geography:
- Global Focus
29. Sustainable Development of Chitral: A CPEC Perspective
- Author:
- Asif Ali and Khalid Manzoor Butt
- Publication Date:
- 01-2021
- Content Type:
- Journal Article
- Journal:
- South Asian Studies
- Institution:
- Department of Political Science, University of the Punjab
- Abstract:
- The vision of sustainable growth of any community or region cannot be materialized unless provided with equitable socio-economic opportunities with environmentally friendly conditions. In the mountains of Hindukush, Chitral has remained significantly important from a geographic and strategic perspective. The piece of land in the extreme north of Pakistan is blessed with numerous natural resources and it is also a gateway to Central Asia. This valley is surrounded by rugged mountains, due to neglect and lack of land connection with the main country it has been deprived of the required development. The construction of the China Pakistan Economic Corridor (CPEC), an alternative passage through Chitral will bring economic opportunities through investment in different sectors. With the materialization of the CPEC route, the potential in the valley will be explored and utilized for the betterment of the country in the broader spectrum and the local economy will strengthen as well. The opening of this trade route will not only change the economic landscape of the valley but will change the sociology of the area. This mega venture along with economic opportunities will also generate challenges for the indigenous community. Expected opportunities will attract more businessmen and investors from outside. This migration process will open the door to social transformation along with challenges not only from an economic perspective but an indigenous cultural heritage of the society will be endangered. Only an inclusive and integrated development stratagem with the involvement and support of all stakeholders will lead to the sustainable economic growth of the valley. Further, the people-centric development approach will bring economic opportunities for the people, otherwise, there will be more challenges than opportunities. This research work has been conducted to investigate the expected challenges threatening sustainable growth of the community and region. Furthermore, it suggests policy guidelines based on empirical evidence for curtailing those challenges.
- Topic:
- Development, Energy Policy, Inequality, Green Technology, Renewable Energy, and Sustainability
- Political Geography:
- Pakistan, China, and Asia
30. China vs. US: The Green Energy Race
- Author:
- Katharine Klačanský
- Publication Date:
- 08-2021
- Content Type:
- Policy Brief
- Institution:
- Europeum Institute for European Policy
- Abstract:
- In her policy paper, Katharine Klačanský, Research Fellow at EUROPEUM Institute for European Policy, discusses the role of climate in geopolitics and provides an overview of the Chinese and American green investment plan and its implications for the future of fossil fuels.
- Topic:
- Climate Change, Energy Policy, Geopolitics, Green Technology, and Fossil Fuels
- Political Geography:
- China, Asia, North America, and United States of America