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Sustainability Economics, Resource Efficiency, and the Green New Deal

  • Lucas Bretschger
Chapter

Abstract

The chapter addresses major sustainability issues within a simple general framework. It studies energy scarcity and endogenous capital formation in the long and medium run. It is shown that energy efficiency depends on the sectoral structure of the economy. Accordingly, structural change is an efficient way to promote both efficiency and sustainable development. The results for the medium run imply that the current crises offer a scope for the greening of the economy, provided that policy increases productivity through trust-building. However, there are major differences between economic recovery and sustainability so that the proposals of the Green New Deal have to be evaluated with care.

Keywords

Energy Efficiency Total Factor Productivity Capital Accumulation Environmental Kuznets Curve Primary Input 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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Copyright information

© Physica-Verlag HD 2011

Authors and Affiliations

  1. 1.CER-ETH, Centre of Economic ResearchETH ZurichZurichSwitzerland

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