Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/277533 
Authors: 
Year of Publication: 
2022
Citation: 
[Journal:] European Journal of Economics and Economic Policies: Intervention (EJEEP) [ISSN:] 2052-7772 [Volume:] 19 [Issue:] 1 [Year:] 2022 [Pages:] 19-40
Publisher: 
Edward Elgar Publishing, Cheltenham
Abstract: 
The article discusses the ongoing transition to climate neutrality in 2050 with a focus on the options of green growth, zero growth or de-growth. First, the stylised facts about the greenhouse effect and the status quo are shown with special attention to emerging economies as key contributors to greenhouse gas emissions since 1990. Globally, brown growth is still predominant. Since the Global South has to reduce emissions as much as the Global North, the resource-rich countries in the South face the gravest challenges. Second, different scenarios of the global transition with different combinations of GDP growth and reduction rates of the emission-to-GDP ratio are shown. The result is that both variables are important, but the reduction of the emissions ratio is more important than growth. Zero growth per se is not necessarily effective in reaching the Paris goals. Third, low green growth in the North is advised (under certain conditions also zero growth), and moderate green growth in the South. Zero growth without capital accumulation in a closed economy would terminate capitalism in its common definition, in contrast to zero growth in an open economy. Third, proposals from ecological economics for zero growth and de-growth are diverse and involve significant shortcomings, especially regarding the macroeconomic analysis.
Subjects: 
transition
growth theory
energy economics
decarbonisation
zero growth
de-growth
climate change
carbon prices
capitalismO47
P18
P28
P47
Q01
Persistent Identifier of the first edition: 
Creative Commons License: 
cc-by Logo
Document Type: 
Article

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