- Joined
- Oct 22, 2002
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- 38,946
- Location
- Frozen in Michigan
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- Old Fart
- Basic Beliefs
- Don't be a dick.
Vast majority of new income from GDP growth goes straight to the very richest.
Degrowth is a planned reduction of total energy and material use to bring the economy in line with planetary boundaries, while improving people’s lives by distributing income and resources more fairly.
The scientific case for degrowth is robust, and gets stronger every day. We know that high-income nations – including Britain and Ireland – must make dramatic and very rapid reductions to their emissions in order to avert dangerous climate breakdown, cutting carbon at a rate of about 15 per cent per year. This will require a massive mobilisation to roll out all the solar panels, wind turbines and nuclear power stations we need to get to net zero.
But there’s a problem. Because high-income nations consume so much energy, it may not be feasible to generate renewables quickly enough to stay within a fast-shrinking carbon budget. According to climate researchers, the only way to make it work is to reduce total energy use.
This isn’t just a matter of individual behaviour change, like installing energy-efficient light bulbs – although of course we need that. It’s a matter of fundamentally changing how our economies operate.