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Global Economic Sustainability Indicator: Analysis and Policy Options for the Copenhagen Process

  • Paul J. J. Welfens
  • Jens K. Perret
  • Deniz Erdem
Chapter

Abstract

In the post-Kyoto process, it will be very important to face the global climate challenge on a broad scale: simply focusing on the OECD countries would not only imply the restriction of attention to a group of countries, which around 2010 will be responsible for less than 50% of global greenhouse gas emissions; it would also mean to ignore the enormous economic and political potential which could be mobilized within a more global cooperation framework. The Copenhagen Summit 2009 will effectively set a new agenda for long-term climate policy, where many observers expect commitments to not only come from EU countries, Australia, Japan and Russia, but also from the USA and big countries with modest per capita income, such as China and India. The ambitious goals envisaged for long-term reduction of greenhouse gases will require new efforts in many fields, including innovation policy and energy policy.

Keywords

Foreign Direct Investment OECD Country Purchase Power Parity Composite Indicator Sustainability Indicator 
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

  • Paul J. J. Welfens
    • 1
  • Jens K. Perret
    • 1
  • Deniz Erdem
    • 1
  1. 1.Macroeconomics at the Schumpeter School of Business and Economics, European Institute for International Economic Relations (EIIW)University of WuppertalWuppertalGermany

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