Towards Global Sustainability Issues, New Indicators and Economic Po

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;

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Towards Global Sustainability Issues, New Indicators and Economic Policy

Towards Global Sustainability

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Paul J.J. Welfens • Jens K. Perret • Tony Irawan • Evgeniya Yushkova

Towards Global Sustainability Issues, New Indicators and Economic Policy

Paul J.J. Welfens European Institute for International Economic Relations (EIIW) University of Wuppertal Wuppertal, Germany

Jens K. Perret European Institute for International Economic Relations (EIIW) University of Wuppertal Wuppertal, Germany

AICGS/Johns Hopkins University Washington, DC USA IZA Bonn, Germany Sciences Po Paris, France Tony Irawan European Institute for International Economic Relations (EIIW) University of Wuppertal Wuppertal, Germany

Evgeniya Yushkova European Institute for International Economic Relations (EIIW) University of Wuppertal Wuppertal, Germany

ISBN 978-3-319-18665-8 ISBN 978-3-319-18666-5 DOI 10.1007/978-3-319-18666-5

(eBook)

Library of Congress Control Number: 2015947510 Springer Cham Heidelberg New York Dordrecht London # Springer International Publishing Switzerland 2016 This work is subject to copyright. All rights are reserved by the Publisher, whether the whole or part of the material is concerned, specifically the rights of translation, reprinting, reuse of illustrations, recitation, broadcasting, reproduction on microfilms or in any other physical way, and transmission or information storage and retrieval, electronic adaptation, computer software, or by similar or dissimilar methodology now known or hereafter developed. The use of general descriptive names, registered names, trademarks, service marks, etc. in this publication does not imply, even in the absence of a specific statement, that such names are exempt from the relevant protective laws and regulations and therefore free for general use. The publisher, the authors and the editors are safe to assume that the advice and information in this book are believed to be true and accurate at the date of publication. Neither the publisher nor the authors or the editors give a warranty, express or implied, with respect to the material contained herein or for any errors or omissions that may have been made. Printed on acid-free paper Springer International Publishing AG Switzerland is part of Springer Science+Business Media (www.springer.com)

Foreword

Sustainability is a key challenge in the twenty-first century, namely for science, policy makers, the business community, and everybody else on the planet. Policy makers are increasingly looking for indicators which describe the level of sustainability achieved by economies. Given the broad range of complex indicators available in the literature, it seems necessary to create a consistent new indicator which is relevant, easy to understand, and in line with the OECD guidelines on composite indicators. The EIIW-vita Sustainability Indicator (EVSI) looks at a combination of three pillars: the share of renewable energy, the modified savings ratio—according to the World Bank—and the relative export–import p