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Green Growth Opportunities for Asia

Author

Listed:
  • Fankhauser, Sam

    (Vivid Economics)

  • Kazaglis, Alex

    (Vivid Economics)

  • Srivastav, Sugandha

    (Vivid Economics)

Abstract

This paper assesses the low-carbon economy in Asia: how large it is today and how well it will fare in the future. Using patent and trade data, it analyzes the potential of Asian economies to capture value from the design and export of low-carbon technologies, acknowledging that these are only two dimensions of a multidimensional low-carbon economy. It conducts country-level analysis to identify which technologies different countries can specialize in and potentially scale up. The work shows that, overall, Asia has an innovation specialization and revealed comparative advantage in climate change mitigation technologies. Particular strengths include efficient lighting, photovoltaics, and energy storage technologies. Further opportunities include nuclear and smart grids. However, within Asia, there are regional disparities, with countries such as the People’s Republic of China, Japan, and the Republic of Korea outperforming others. This paper highlights how the analytical framework it presents can be used to strategically inform environmental policy makers and concludes with an overview of the green growth policy tool kit.

Suggested Citation

  • Fankhauser, Sam & Kazaglis, Alex & Srivastav, Sugandha, 2017. "Green Growth Opportunities for Asia," ADB Economics Working Paper Series 508, Asian Development Bank.
    • Handle: RePEc:ris:adbewp:0508
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    References listed on IDEAS

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    1. World Commission on Environment and Development,, 1987. "Our Common Future," OUP Catalogue, Oxford University Press, number 9780192820808.
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    Citations

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    Cited by:

    1. Minjian Guo & Joanna Nowakowska-Grunt & Vladimir Gorbanyov & Maria Egorova, 2020. "Green Technology and Sustainable Development: Assessment and Green Growth Frameworks," Sustainability, MDPI, vol. 12(16), pages 1-13, August.
    2. Samantha A. Sharpe & Cristina M. Martinez-Fernandez, 2021. "The Implications of Green Employment: Making a Just Transition in ASEAN," Sustainability, MDPI, vol. 13(13), pages 1-19, July.
    3. David Michael M. San Juan, 2020. "Transitioning to a Progressive Green Economy in the Philippines," Journal of Developing Societies, , vol. 36(2), pages 155-181, June.
    4. Alekna Rokas & Kazlauskienė Eglė, 2020. "Evaluation Indicators of Green Economic Development: The Case of the Baltic Countries," Economics and Culture, Sciendo, vol. 17(1), pages 150-163, June.

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    More about this item

    Keywords

    climate change; economic growth; energy; environment; urban development;
    All these keywords.

    JEL classification:

    • Q42 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Alternative Energy Sources
    • Q43 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Energy and the Macroeconomy
    • Q54 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Climate; Natural Disasters and their Management; Global Warming
    • Q56 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Environment and Development; Environment and Trade; Sustainability; Environmental Accounts and Accounting; Environmental Equity; Population Growth

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