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Objective Requirements for an Effective Transition to a Green Economy

Author

Listed:
  • Florin Bonciu

    (Institute for World Economy, Romanian Academy)

Abstract
The paper presents a critical analysis of the current approaches of the transition to a green economy also known as a “net zero” economy. The analysis is based on the identification of two hard constraints (defined as “availability condition” and “affordability condition”). The analysis puts into perspective previous technological and energy transitions that happened due to technological and market economy forces with administrative / volitive transitions in which significant changes of the economic and social environment are intended resulting from changes in the rules of the game and from mandatory standards. In this context, the paper presents several clarifications and recommendations that should be considered in order to achieve an effective and efficient transition without incurring societal and economic consequences.

Suggested Citation

  • Florin Bonciu, 2022. "Objective Requirements for an Effective Transition to a Green Economy," Global Economic Observer, "Nicolae Titulescu" University of Bucharest, Faculty of Economic Sciences;Institute for World Economy of the Romanian Academy, vol. 10(1), pages 70-79, June.
    • Handle: RePEc:ntu:ntugeo:vol10-iss1-70-79
    as

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    File URL: http://www.globeco.ro/wp-content/uploads/vol/split/vol_10_no_1/geo_2022_vol10_no1_art_007.pdf
    File Function: First version, 2022
    Download Restriction: no
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    More about this item

    Keywords

    green economy; technological transition; environment; Anthropocene;
    All these keywords.

    JEL classification:

    • O13 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Agriculture; Natural Resources; Environment; Other Primary Products
    • O14 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Industrialization; Manufacturing and Service Industries; Choice of Technology
    • Q28 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation - - - Government Policy
    • Q42 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Alternative Energy Sources
    • Q54 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Climate; Natural Disasters and their Management; Global Warming
    • Q55 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Environmental Economics: Technological Innovation

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