Journal Article

No. 2010-2 | January 13, 2010
Global Governance: The G20 and a Global Green New Deal PDF Icon

Abstract

As the world recovers from the worst economic crisis since the Great Depression, the international community should promote a mix of policies to sustain this global recovery and create jobs through reducing carbon dependency, ecological degradation and poverty. Such a Global Green New Deal (GGND) requires a long-term commitment to implementing and coordinating “green investments” by the Group of 20 (G20), who should also adopt complementary pricing policies and foster international aid and other actions in support of the GGND. Developing economies should provide clean water and sanitation for the poor, create safety nets, invest in heath and education, and target energy and water poverty. Such a global strategy can revive economies, create jobs and improve the sustainability of world development.

JEL Classification

F59 H87 O13 O19 Q01

Citation

Edward B. Barbier (2010). Global Governance: The G20 and a Global Green New Deal. Economics: The Open-Access, Open-Assessment E-Journal, 4 (2010-2): 1—35. http://dx.doi.org/10.5018/economics-ejournal.ja.2010-2

Assessment

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