ABSTRACT

This chapter discusses on three main categories of criticism of Green Keynesianism. The first comes from economists and US pundits, who argue that green sectors are not competitive with more traditional industries. The second set of critiques comes from critical environmental scholars and is aimed broadly at green capitalism. The third set of critiques, made primarily by ecosocialists, addresses the fundamental sustainability of economic growth on a finite planet. The chapter attempts to make sense of the conceptual soup of green discourses related to the economy. It differentiates the concepts of a Green New Deal and green stimulus, which can be considered part of a broader theory of Green Keynesianism, from the notions of green growth and a green economy. The most significant distinction between Green Keynesianism and the green economy and green growth is with respect to the envisaged level of state intervention in the market. The chapter demonstrates that problems IPEE scholars have with Green Keynesianism are misplaced.