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11 - Conclusions

What Are We Building To?

Published online by Cambridge University Press:  27 October 2022

Daniel C. Matisoff
Affiliation:
Georgia Institute of Technology
Douglas S. Noonan
Affiliation:
Indiana University–Purdue University, Indianapolis
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Summary

This chapter takes stock of Green Market Transformation in the built environment and explores the potential to replicate this model. It notes that market-based solutions, while canonical in policy spheres, have failed to solve the climate problem. Instead, by drawing upon Elinor Ostrom’s work, opportunities for institutions and polycentric solutions as well as to leverage voluntary actions are observed. Rather than frame the problem of markets versus regulation, the limits of both are recognized and a way to harmonize them sought. When ecological crises require massive solutions, we look to harness the power of market forces rather than sideline one of our most effective institutions. A vital role is seen for policy to guide and foster markets to find and implement solutions. The scale of the problems facing us demands a grassroots, bottom-up approach that enlists the efforts of households, workers, and firms around the planet. The challenge for policy-makers is in facilitating that and in devising and supporting mechanisms so that voluntary action also serves the greater public benefit.

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Publisher: Cambridge University Press
Print publication year: 2022

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References

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  • Conclusions
  • Daniel C. Matisoff, Georgia Institute of Technology, Douglas S. Noonan, Indiana University–Purdue University, Indianapolis
  • Book: Ecolabels, Innovation, and Green Market Transformation
  • Online publication: 27 October 2022
  • Chapter DOI: https://doi.org/10.1017/9781108888769.012
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  • Conclusions
  • Daniel C. Matisoff, Georgia Institute of Technology, Douglas S. Noonan, Indiana University–Purdue University, Indianapolis
  • Book: Ecolabels, Innovation, and Green Market Transformation
  • Online publication: 27 October 2022
  • Chapter DOI: https://doi.org/10.1017/9781108888769.012
Available formats
×

Save book to Google Drive

To save content items to your account, please confirm that you agree to abide by our usage policies. If this is the first time you use this feature, you will be asked to authorise Cambridge Core to connect with your account. Find out more about saving content to Google Drive.

  • Conclusions
  • Daniel C. Matisoff, Georgia Institute of Technology, Douglas S. Noonan, Indiana University–Purdue University, Indianapolis
  • Book: Ecolabels, Innovation, and Green Market Transformation
  • Online publication: 27 October 2022
  • Chapter DOI: https://doi.org/10.1017/9781108888769.012
Available formats
×