Can Economic Growth Stop Climate Change?

Rajesh Makwana

[Editor's Note: This is the first part in a series running Thursday through Saturday.] 

The relentless pursuit of economic growth promotes the unsustainable consumption patterns that underpin the climate crisis. Only a clearer understanding of the causes and greater public engagement can finally urge governments to act on climate change, argues Rajesh Makwana.

dessertificationDespite the scientific consensus on the urgent need to address the causes of climate change, a stubborn attachment to economic growth by policymakers threatens to dis rupt any effective response to the growing environmental crisis. Interim updates in the run up to December's major Climate Conference in Copenhagen revealed that emissions and temperatures are accelerating more rapidly than expected - leading many to ask why governments and political leaders are doing so little to reduce emissions and mitigate climate change.[1]

This long-standing gulf between government rhetoric and action was preoccupying scientists attending the International Scientific Congress on Climate Change in the Danish capital during March, and many of these specialists have since engaged in activism of a kind not seen since the period of nuclear proliferation during the 1950s and 1960s. Acknowledging the failure of governments to date, experts at the meeting urged world leaders to resist the influence of vested interests and act decisively to avert a series of devastating ecological and social consequences.

Whilst Nicholas Stern, one of the UK’s leading climate change scientists and author of the Stern report, berated the British government’s failure to pursue strong and effective policies, other outspoken and prominent scientists took to the street in protest. Dr. James Hansen, head of NASA’s Goddard Institute of Space Studies (GISS), joined more than 1,000 campaigners in Coventry (UK) as part of a Climate Change Day of Action in March.[2]

Demonstrators similarly voiced concerns over government inaction at the Put People First and Climate Camp protests during the G20 Summit in London. Dr. Hansen, like many in the climate change movement, believes that our politicians are failing the planet, and that direct action through protests is now crucial in order to combat heavy lobbying from the business sector that has prevented the necessary legislative interventions.[3]

What these scientists-cum-activists now faced is the same barrier to progress that campaigners have expressed for decades: a stubborn adherence to economic growth and corporate welfare by policymakers. So entrenched is the attachment to continually expanding the economy that Gordon Brown, acting as ‘chancellor’ of the G20 Summit, made the resumption of global economic growth a key target for the meeting.

Ministers hope that the trillion dollar stimulus that was agreed upon will go a long way to re-establishing economic ‘normality’. More recently, the same ministers pledged billions to the world’s lender of last resort – the IMF, to provide additional debt-based credit to stimulate growth around the world.[4] The underlying rationale behind these policies is that governments must preserve economic growth at all costs, and the best way to safeguard growth is by protecting those businesses that generate the most income.

[come back tomorrow for part 2, entitled "Profiting From Climate Change"]

This article appears courtesy of Rajesh Makwana, the director of Share The World's Resources, an NGO advocating for sustainable economics to end global poverty. He can be reached at rajesh@stwr.org.

More cool stuff on Celsias:

The Economic Case for Good Corporate Citizenship When it Comes to the Environment
Top Ten Reasons Mother Nature is "Too Big to Fail"

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References:

[1] Share The World’s Resources, Kyoto to Copenhagen: A Dangerous Gulf between Policy and Action, STWR, 2 April 2009.

[2] David Adam, Stern attacks Politicians over Climate 'Devastation', The Guardian (UK), 13 March 09.

[3] Tony Hake, NASA Scientist says Democratic Process not working in Fight on Climate Change, The Denver Weather Examiner, 19 March 09.

[4] Share The World’s Resources, The IMF's New Lease of Life: A Bad Idea? , STWR, 28 April 2009.

 

2 comments

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Charles M. 110°

Economic growth is no longer constrained by production. It is now constrained by consumption. That means two things:
1) Relative prices fall. Since economies are measured in money terms, consumption has to increase just to keep flat. It needs to increase even more to provide growth.
2) Profitability falls. With that, so does the viability of a lot of large stagnant industries (GM, Chrysler etc) and all the jobs they provide.

Given that we already significantly over consume it is hard to see that increased consumption is going to do us, or anything else, any good.

Written in May 2009

Insignificant (anonymous)

Rajesh it has become apparent to me that Mohammed Mesbahi is considered to be the Maitreya by the select few, don't you think he needs to share more than just the knowledge, knowledge and advise as we know is always free, there are 6 billion people ready to give advise what he needs to be able to do is share wealth (energy,food,land etc) hope you and others like Mr Benjamin Creme are not wrong.
Mohammed Mesbahi seems an intellectual person but I don't think he is going to be able to share wealth i.e. walk the talk.

Written in May 2010

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