Browse

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

  • Renewable Resources and Conservation: General x
  • Climate change x
  • Earth Sciences, Geography, Environment x
  • Nonrenewable Resources and Conservation: General x
  • Renewable energy sources x
  • Natural resources x
  • Financial crises x
  • Climate; Natural Disasters and Their Management; Global Warming x
  • Environmental protection x
  • Environment and Growth x
  • Ecological Economics: Ecosystem Services; Biodiversity Conservation; Bioeconomics; Industrial Ecology x
  • Environmental management x
  • Environmental Economics: Generale x
  • Real sector x
  • Energy and the Macroeconomy x
  • Greenhouse gases x
  • International Economics x
  • Energy conservation x
Clear All
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.