We've all seen these charts. They go viral on social media every few months, with claims that "green growth is happening".
Is green growth really happening? We assess this question empirically in a new article out today in The Lancet Planetary Health: 🧵 thelancet.com/journals/lanpl…
First, CO2-GDP decoupling is not news. We have known about it for a long time. It's been happening in some countries since the 1990s, even in trade-adjusted terms. It is the predictable and expected result of transitioning to lower-carbon energy sources.
But decoupling does not necessarily mean "green growth". Scientists have indicated that to qualify as "green", decoupling needs to deliver emissions reductions fast enough to meet the Paris Agreement objectives. It's all a question of speed.
So, we tested this.
We identified 11 high-income countries that achieved absolute decoupling of GDP from trade-adjusted emissions between 2013 and 2019. We assessed whether the decoupling is consistent with a 50% chance of 1.5C or "well below 2C", given an equitable allocation of the carbon budget.
We found that, at the achieved rates, these countries would on average take more than 220 years to reduce their emissions by 95%, emitting 27 times their remaining 1.5C fair-shares in the process.
There is nothing "green" about this. It is a recipe for disaster.
Indeed, narratives that celebrate decoupling achievements in high-income countries as "green growth" are misleading and represent a form of greenwashing. Much faster mitigation is needed.
To meet their 1.5C fair-shares alongside continued growth (i.e., to achieve "green growth"), decoupling rates would on average need to increase by a factor of ten by 2025. This is unlikely to be achievable given the unique physical constraints of a growth-oriented scenario.
Things are a bit easier with a target of 1.7C ("well below 2C"), but all 11 countries still fall far short of Paris-compliant emission reductions, and the necessary decoupling rates for "green growth" still seem out of reach. And remember, these are the best-performing countries.
So what can high-income countries do to achieve faster emission reductions? In the Discussion section, we show how post-growth mitigation policies can *accelerate* decoupling and decarbonization much faster than what can be achieved in a growth-oriented scenario.
Btw, note that for lower-income countries it's a very different calculus!
The piece is free to read here. Also, a big congratulations to my brilliant co-author @JefimVogel. thelancet.com/journals/lanpl…
• • •
Missing some Tweet in this thread? You can try to
force a refresh
This Bloomberg report is a stark reminder: we cannot rely on capital to achieve green transition. Capital is not investing enough in green energy because it's not as profitable as fossil fuels. The solution? We need a public finance strategy and fast.
Public finance, together with a credit guidance framework. Central banks have the power to force capital to stop making climate-destroying investments and direct investment instead in necessary activities: foreignpolicy.com/2024/08/16/cli…
People assumed that renewable energy development would increase once it became cheaper than fossil fuels. But capital doesn't care about cheapness. It cares about *profits*. Capital won't invest when the outlook is like this. You need to make the necessary investments directly.
I strongly disagree with these remarks. They are empirically incorrect, but also illustrate a terrible reactionary tendency among some environmentalists that must be rejected.
The claim is that ecological collapse will undermine industrial production, so we should not pursue development to meet needs in the South.
For instance, we should not ensure refrigerators for people b/c this would inhibit their ability to migrate away from uninhabitable zones!
Going further, the OP says instead of pursuing human development, we should be preparing for a world where we have no capacity to produce things like refrigerators and phones.
In this new paper we calculate the unequal exchange of labour between the global North and global South. The results are quite staggering. You'll want to look at this... 🧵
First, a crucial point. Workers in the global South contribute 90% of the labour that powers the world economy, and 91% of labour for international trade.
The South provides the majority of the world's labour in all sectors (including 93% of global manufacturing labour).
And a lot of this is high-skill labour.
The South now contributes more high-skilled labour to the world economy than all the high-, medium- and low-skilled labour contributions of the global North combined.
New paper: "How much growth is required to achieve good lives for all?"
Is it possible to realise this vision without exacerbating ecological breakdown? Yes! But it requires a totally different approach to the question of growth and development. 🧵 sciencedirect.com/science/articl…
Some narratives hold that ending poverty and achieving good lives for all will require every country to reach the GDP/cap of high-income countries. But this would have severe ecological consequences. It forces a brutal dilemma between poverty reduction and ecological stability.
Convergence along these lines is also not possible given the imperialist structure of the world economy. High consumption in the core of the world-system depends on massive net-appropriation from the periphery. This model cannot be universalized.
As usual, middle-income countries that have strong public provisioning systems tend to perform best. This model allows countries to deliver relatively high levels of human welfare with relatively low levels of resource use.
Latin America boasts eight of the ten best-performing countries.
Most high-income countries continue to decline. Norway and Iceland— often mistakenly regarded as sustainability leaders — have declined nearly to the level of the United States. aljazeera.com/opinions/2019/…
People would better understand North Korea’s disposition toward the US if they remembered that US forces perpetrated an industrial-scale bombing campaign that destroyed nearly all of the country’s cities and towns, civilian infrastructure, and 85% of all buildings.
Hundreds of thousands of civilians were incinerated. The US dropped more bombs on North Korea in the early 1950s than they did in the entire Pacific theatre during WW2, making North Korea one of the most bombed countries in the world. You don’t easily forget such a thing.
All of these are war crimes today under Protocol I of the Geneva Convention.
“After running low on urban targets, U.S. bombers destroyed hydroelectric and irrigation dams in the later stages of the war, flooding farmland and destroying crops.” en.m.wikipedia.org/wiki/Bombing_o…