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Towards a Green Energy Economy? Assessing policy choices, strategies and transitional pathways

Mundaca, Luis LU orcid ; Neij, Lena LU ; Markandya, Anil ; Hennicke, Peter LU and Yan, Jinyue (2016) In Applied Energy 179. p.1283-1292
Abstract

The term ‘Green Energy Economy’ (GEE) received increasing policy and scientific attention following the 2008–2009 global financial crisis, leading to the implementation of numerous ‘Green Growth’ economic stimulus packages that targeted low-carbon energy technologies. These initiatives were portrayed as key elements in the transition to a green economy, in which low-carbon energy systems would play a vital role. However, and setting aside conceptual variations, uncertainties and fragmented knowledge remain in the interplay between a green economy, low-carbon energy systems and governance. This research area raises various questions regarding the performance, implications and complexities of policies and strategies addressing GEE... (More)

The term ‘Green Energy Economy’ (GEE) received increasing policy and scientific attention following the 2008–2009 global financial crisis, leading to the implementation of numerous ‘Green Growth’ economic stimulus packages that targeted low-carbon energy technologies. These initiatives were portrayed as key elements in the transition to a green economy, in which low-carbon energy systems would play a vital role. However, and setting aside conceptual variations, uncertainties and fragmented knowledge remain in the interplay between a green economy, low-carbon energy systems and governance. This research area raises various questions regarding the performance, implications and complexities of policies and strategies addressing GEE transitional pathways. In addition, achieving a GEE compatible with climate, social and economic goals is an enormous challenge for society, and goes beyond the technological domain. This special issue provides a series of articles that critically investigate these concerns from an interdisciplinary point of view, and provide relevant policy insights using a variety of analytical approaches. Overall, they call for strong leadership, ambitious policy instruments, rigorous assessments, effective multi-level governance, inter/national cooperation, institutional capacity development, and the immediate alignment of the financial system with the energy sector on numerous challenges associated with the GEE transition. It is concluded that not only from an environmental point of view, but also due to economic and social reasons, the GEE transition needs to be accelerated and that a radical transformation is required.

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author
; ; ; and
organization
publishing date
type
Contribution to journal
publication status
published
subject
keywords
Green Energy Economy, Green growth, Low-carbon energy technologies, Policies and strategies, Transitional pathways
in
Applied Energy
volume
179
pages
10 pages
publisher
Elsevier
external identifiers
  • scopus:84989922839
  • wos:000383291800104
ISSN
0306-2619
DOI
10.1016/j.apenergy.2016.08.086
project
Behavioural economics for energy and climate change policies and the transition to a sustainable energy system.
Policy Intervention for a Competitive Green Energy Economy
language
English
LU publication?
yes
id
5e68eef0-f672-43bb-b664-3c2d6f4b9be4
date added to LUP
2016-10-25 09:31:04
date last changed
2024-06-28 02:19:55
@article{5e68eef0-f672-43bb-b664-3c2d6f4b9be4,
  abstract     = {{<p>The term ‘Green Energy Economy’ (GEE) received increasing policy and scientific attention following the 2008–2009 global financial crisis, leading to the implementation of numerous ‘Green Growth’ economic stimulus packages that targeted low-carbon energy technologies. These initiatives were portrayed as key elements in the transition to a green economy, in which low-carbon energy systems would play a vital role. However, and setting aside conceptual variations, uncertainties and fragmented knowledge remain in the interplay between a green economy, low-carbon energy systems and governance. This research area raises various questions regarding the performance, implications and complexities of policies and strategies addressing GEE transitional pathways. In addition, achieving a GEE compatible with climate, social and economic goals is an enormous challenge for society, and goes beyond the technological domain. This special issue provides a series of articles that critically investigate these concerns from an interdisciplinary point of view, and provide relevant policy insights using a variety of analytical approaches. Overall, they call for strong leadership, ambitious policy instruments, rigorous assessments, effective multi-level governance, inter/national cooperation, institutional capacity development, and the immediate alignment of the financial system with the energy sector on numerous challenges associated with the GEE transition. It is concluded that not only from an environmental point of view, but also due to economic and social reasons, the GEE transition needs to be accelerated and that a radical transformation is required.</p>}},
  author       = {{Mundaca, Luis and Neij, Lena and Markandya, Anil and Hennicke, Peter and Yan, Jinyue}},
  issn         = {{0306-2619}},
  keywords     = {{Green Energy Economy; Green growth; Low-carbon energy technologies; Policies and strategies; Transitional pathways}},
  language     = {{eng}},
  month        = {{10}},
  pages        = {{1283--1292}},
  publisher    = {{Elsevier}},
  series       = {{Applied Energy}},
  title        = {{Towards a Green Energy Economy? Assessing policy choices, strategies and transitional pathways}},
  url          = {{http://dx.doi.org/10.1016/j.apenergy.2016.08.086}},
  doi          = {{10.1016/j.apenergy.2016.08.086}},
  volume       = {{179}},
  year         = {{2016}},
}