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Can Green Sustain Growth?From the Religion to the Reality of Sustainable Prosperity$
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John Zysman and Mark Huberty

Print publication date: 2013

Print ISBN-13: 9780804785259

Published to Stanford Scholarship Online: May 2014

DOI: 10.11126/stanford/9780804785259.001.0001

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PRINTED FROM STANFORD SCHOLARSHIP ONLINE (www.stanford.universitypressscholarship.com). (c) Copyright Stanford University Press, 2022. All Rights Reserved. An individual user may print out a PDF of a single chapter of a monograph in SSO for personal use.date: 02 July 2022

Motivating Green Growth

Motivating Green Growth

The Political Economy of Energy Systems Transformation

(p.26) 2 Motivating Green Growth
Can Green Sustain Growth?

Mark Huberty

Stanford University Press

Climate change mitigation requires a transformation of modern energy systems. That transformation carries with it serious and intertwined technical, political, and economic consequences. The technical shift from today’s fossil fuel-based energy system to some low-emissions alternative faces an array of technical uncertainties, will require a very long time, and provides few obvious economic advantages. Along the way, however, it will impose acute economic costs. This implies that political the opposition to change will be—and has been—well-organized and powerful compared to relatively weak, if ardent, proponents. Therefore, successful climate change mitigation will require policymakers to design policy that can discover potential economic advantages from systems transformation, and capitalize on those advantages to build supportive coalitions. Many mainstream policies—including carbon pricing—do not do so. Absent coalitions sustained by acute economic interests in long-term climate change mitigation, serious emissions reduction will prove difficult.

Keywords:   green growth, climate change, energy system industrial policy, fossil fuels, technological change

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