Towards Global Sustainability: Issues, New Indicators and Economic Policy 1st Edition Paul Welfens 3319186663 9783319186665

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Product details:

• ISBN 10: 3319186663
• ISBN 13: 9783319186665
• Author: Paul J.J. Welfens

This study develops a new indicator for national and global sustainability. The main components of the EIIW-vita indicator are: the share of renewable energy, the genuine savings rate and the relative “green export” position of the respective countries; it is in line with OECD requirements on composite indicators. As green exports are related to technological progress and environmental-friendly products, there is also a Schumpeterian perspective of this indicator. An extended version furthermore looks at water productivity. The analysis highlights the BRIICS countries as well as the US, Germany, France, Spain, Italy, the UK and Japan. Moreover the special challenges and dynamics of ASEAN countries and Asia are discussed. The book derives key implications for economic and environmental policy and shows that the new global sustainability indicator is not only relevant for green progress, but also useful as a signal for international investors. The construction of the EIIW-vita global sustainability indicator is such that investors, citizens and governments can easily interpret the results. Correlation analysis of the new sustainability indicator with the human development index indicates complementarity, so that a new hybrid superindicator can be constructed. Sustainability rhetoric dominates environmental policy.

Table of contents:

1: Green Modernization Issues and Sustainability Indicators

2: Traditional Approaches to Environmental Degradation and Innovation Theory

3: Green Innovation Dynamics

4: New Indicator Concept

5: The Methodology of the EIIW-vita Indicator

6: General Sustainability Trends for Key Countries in the World Economy

7: Why the Global Sustainability Perspective Is Important for Asian Countries

8: Policy Conclusions

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