Green Keynesianism and the Global Financial Crisis

Kyla Tienhaara (Queens University, Canada.)

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English

Routledge
02 October 2019

Development studies; Politics & government; Environmental economics; Environmental science, engineering & technology

Series: Routledge Studies in Environmental Policy

"It is widely accepted that limiting climate change to 2°C will require substantial and sustained investments in low-carbon technologies and infrastructure. However, the dominance of market fundamentalism in economic thinking for the past three decades has meant that governments have generally viewed large spending programs as politically undesirable. In this context, the Global Financial Crisis (GFC) represented a huge opportunity for proponents of public investment in environmental projects or ""Green Keynesianism"".

This book examines the experience of Australia, Canada, Japan, Korea, and the United States with Green Keynesian stimulus programs in the wake of the GFC. Unfortunately, on the whole, the cases do not provide much optimism for proponents of Green Keynesianism. Much less funding than was originally allocated to green programs was actually spent in areas that would produce an environmental benefit. Furthermore, a number of projects had negligible or even detrimental environmental outcomes. While the book also documents several success stories, the research indicates overall that more careful consideration of the design of green stimulus programs is needed. In addition to concrete policy advice, the book provides a broader vision for how governments could use Keynesian policies to work toward creating an ""ecological state"".

This book will be of great interest to students and scholars of environmental politics, environmental economics, political economy, and sustainable development."

By: Kyla Tienhaara (Queens University Canada.)
Imprint: Routledge
Country of Publication: United Kingdom
Dimensions: Height: 234mm, Width: 156mm,
Weight: 453g
ISBN: 9780367430214
ISBN 10: 0367430215
Series: Routledge Studies in Environmental Policy
Pages: 190
Publication Date: 02 October 2019
Audience: College/higher education , Primary
Format: Paperback
Publisher's Status: Active

Part I: Introduction 1. Too Big to Fail 2. Green Keynesianism and its Discontents 3. Global Organizations: Helping or Hindering Green Keynesianism? Part II: Case Studies 4. The Low-Hanging Fruit: Home Retrofits 5. Product Subsidies and the Paradox of Green Consumption 6. Green (Washed) Infrastructure 7. Technological Innovation and the Venture Capitalist State Cases: Carbon Capture and Storage Part III: Conclusions 8. A Waste of a Good Crisis? Bibliography

Kyla Tienhaara is an Assistant Professor in the School of Environmental Studies and the Department of Global Development Studies at Queen’s University, Canada and a Visiting Fellow at the School of Regulation and Global Governance, Australian National University.