Mark Diesendorf: In developing strategies for the economic recovery from the Covid-19 pandemic, we are faced with a major challenge: how to re-establish an economy with (almost) full employment while rapidly cutting greenhouse gas emissions to avoid substantial, possibly irreversible, climate change. Because of the reduction in global GDP during 2020, annual global greenhouse gas emissions are at least 4% per cent lower than in 2019. But, returning to conventional economic growth will tend to drive up emissions, as more people spend more money on more goods and services. The latest Scientists’ Warning to the World lists a variety of options for modified or new economic systems with low-carbon emissions. They range from small reforms in the existing neoliberal economic system to radical restructuring. The present article explains the strengths and limitations of two economic systems from this spectrum, green growth and steady-state economy (SSE), and the process of degrowth to an SSE.
Pearls and Irritations 10th Dec 2020 read more »
Maria Fernanda Espinosa former president of the United Nations general assembly: It’s imperative that resources directed at the Covid recovery also accelerate action against the climate crisis, a threat no less urgent than this pandemic. Some politicians have already followed this reasoning: France’s president Emmanuel Macron was among the first out of the gate when his government refused to give stimulus funds to airlines that would not take steps to drastically reduce emissions.
Guardian 10th Dec 2020 read more »