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Green Keynesianism and the Global Financial Crisis (Paperback)
Loot Price: R1,244
Discovery Miles 12 440
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Green Keynesianism and the Global Financial Crisis (Paperback)
Series: Routledge Studies in Environmental Policy
Expected to ship within 12 - 17 working days
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Donate to Against Period Poverty
Total price: R1,264
Discovery Miles: 12 640
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It is widely accepted that limiting climate change to 2 DegreesC
will require substantial and sustained investments in low-carbon
technologies and infrastructure. However, the dominance of market
fundamentalism in economic thinking for the past three decades has
meant that governments have generally viewed large spending
programs as politically undesirable. In this context, the Global
Financial Crisis (GFC) represented a huge opportunity for
proponents of public investment in environmental projects or "Green
Keynesianism". This book examines the experience of Australia,
Canada, Japan, Korea, and the United States with Green Keynesian
stimulus programs in the wake of the GFC. Unfortunately, on the
whole, the cases do not provide much optimism for proponents of
Green Keynesianism. Much less funding than was originally allocated
to green programs was actually spent in areas that would produce an
environmental benefit. Furthermore, a number of projects had
negligible or even detrimental environmental outcomes. While the
book also documents several success stories, the research indicates
overall that more careful consideration of the design of green
stimulus programs is needed. In addition to concrete policy advice,
the book provides a broader vision for how governments could use
Keynesian policies to work toward creating an "ecological state".
This book will be of great interest to students and scholars of
environmental politics, environmental economics, political economy,
and sustainable development.
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