Is green growth sufficient to alleviate climate change?

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Journal Title
Journal ISSN
Volume Title
School of Business | Bachelor's thesis
Date
2022
Major/Subject
Mcode
Degree programme
Taloustiede
Language
en
Pages
20 + 2
Series
Abstract
Our economic system is based on growth. However, this is at odds with our planet’s limited resources. As the effects of climate change become more and more severe, economists have begun to question whether GDP should be in the center of our system, and whether we can keep growing like we are used to. Green growth has emerged as a solution to these problems. It focuses on decoupling GDP growth from its inputs through technological improvements and transitioning to a green economy. The problem, however, is that we lack empirical evidence that the required levels of decoupling are achievable before it is too late. While researchers seek consensus on green growth’s concept and possibilities, alternative systems, such as degrowth and a-growth are starting to gain attention. This paper is a literature re-view of these economic systems, especially whether green growth should be given the level of importance as it is today.
Description
Thesis advisor
Murto, Pauli
Keywords
ecological economics, green growth, GDP, decoupling, fiscal policy, environmental policy
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