30 Sep '14, 11am
No, economic growth and climate stability do not go hand-in-hand
The unpalatable truth is that, for developed nations, continued economic growth as conventionally measured is incompatible with climate stability. Indeed, a safe climate requires that we now need a phase of planned economic contraction, or “degrowth.” … This does not simply mean producing and consuming more efficiently and shifting to renewable energy, necessary though these changes are. It also requires that we produce and consume less – a conclusion that few dare to utter. Fortunately, the extent of wasteful overconsumption in the developed nations means that degrowth can actually be in our own interests, if we manage the transition wisely.