Abstract
A Schumpeterian case can be made for boosting Green Growth in a global economic crisis. The best way to achieve this is a combination of R&D subsidies to redirect growth from polluting to clean economic activities and a credible, rising carbon tax to speed up the transition to the carbon-free era. If a carbon tax is infeasible, renewables subsidies might be a second-best alternative to reduce the duration of the fossil fuel era and curb cumulative carbon emissions despite some adverse, short-run Green Paradox effects. © 2012 Elsevier B.V. All rights reserved.
Original language | English |
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Pages (from-to) | 116-119 |
Number of pages | 3 |
Journal | Environmental Innovation and Societal Transitions |
Volume | 6 |
Issue number | March |
DOIs | |
Publication status | Published - 2013 |