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Author Spotlight: Optimizing Growth Factors for Production of Biotechnologically Relevant Secondary Metabolites
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Can Growth Be Green?

Ian Gough1

  • 1London School of Economics and Political Science, London, United Kingdom I.Gough@lse.ac.uk.

International Journal of Health Services : Planning, Administration, Evaluation
|June 17, 2015
PubMed
Summary
This summary is machine-generated.

Achieving "green growth" is not a painless transition for capitalist economies. It requires more than market-based carbon mitigation, demanding transformative policies, political change, and a focus on equity and social welfare.

Keywords:
climate changegreen growthpolitical economysocial policy

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Area of Science:

  • Environmental Economics
  • Climate Policy
  • Political Economy

Background:

  • The prevailing view suggests
  • green growth
  • offers an easy path for capitalist economies to decarbonize.
  • This perspective often overlooks the complexities and challenges involved in rapid economic transformation.

Purpose of the Study:

  • To critically evaluate the feasibility of
  • green growth
  • as a painless solution for capitalist economies.
  • To propose a more realistic framework for climate policy that integrates economic, political, and social considerations.

Main Methods:

  • Analysis of the arithmetic of combining rapid decarbonization with sustained economic growth.
  • Examination of market-based carbon mitigation strategies and their limitations.
  • Application of lessons from comparative social policy research to climate policy.

Main Results:

  • Market-based carbon mitigation (e.g., carbon trading) is insufficient alone and requires complementary policies.
  • International pressures, interests, institutions, and ideas significantly shape climate policy.
  • Radical policies addressing both consumption and production are necessary for equitable climate action.

Conclusions:

  • A realistic
  • green growth
  • strategy is immensely difficult and necessitates substantial political and economic restructuring.
  • Climate policy must move beyond simplistic market mechanisms to address systemic issues.
  • Ensuring equity and social welfare is paramount in the transition to a low-carbon economy.