Trading-off or trading-in? A critical political economy perspective of green growth’s policy framing

The trade-off policy framing has been a central feature of green growth since the 1980s, employed to frame the countervailing spheres of social, environmental, and economic policies purported to ensure the sustainable development of the global economy. This article argues that so central has this framing become that IPE scholars have tended to focus on different types of ‘greenable’ growth observable within capitalism, rather than question the prospect of greening growth itself. Far from value-free, the trade-off framing is ultimately determined by the structural imperative for economic growth, veiling the disciplines anthropocentric ontology in a normative or objective guise. To account for the tacit prioritization, the trade-in policy framing–the compromising of environmental objectives to accommodate the growth imperative–is advanced as an alternative framing. The trading-in of environmental policies is legitimized through political-industrial narratives, of which three, the (i) consequential, (ii) allay, and (iii) finance are outlined in this analysis.