Browse

You are looking at 1 - 1 of 1 items for :

  • Type: Journal Issue x
  • IMF Working Papers x
  • Economic sectors x
  • Earth Sciences, Geography, Environment x
  • Environmental Economics: Generale x
  • Business and Economics x
  • Financial and monetary sector x
  • Bayesian Analysis: General x
  • Economic Development, Innovation, Technological Change, and Growth x
  • Cross-cutting issues x
  • Natural Resources x
  • Financial crises x
  • Natural resources x
  • Renewable energy sources x
  • Environmental Conservation and Protection x
  • Refine By Language: English x
Clear All Modify Search
Nicoletta Batini, Mario di Serio, Matteo Fragetta, and Mr. Giovanni Melina
This paper provides estimates of output multipliers for spending in clean energy and biodiversity conservation, as well as for spending on non-ecofriendly energy and land use activities. Using a new international dataset, we find that every dollar spent on key carbon-neutral or carbon-sink activities can generate more than a dollar’s worth of economic activity. Although not all green and non-ecofriendly expenditures in the dataset are strictly comparable due to data limitations, estimated multipliers associated with spending on renewable and fossil fuel energy investment are comparable, and the former (1.1-1.5) are larger than the latter (0.5-0.6) with over 90 percent probability. These findings survive several robustness checks and lend support to bottom-up analyses arguing that stabilizing climate and reversing biodiversity loss are not at odds with continuing economic advances.