Why would a country selectively decide to slow down the growth of the fuel that has made its current “boom” possible?
Articles: economic growth (119)
Scale and complexity issues are becoming a significant impediment to maintaining wind and solar growth rates.
It is time to reframe the debate to recognize that we have pushed growth in material consumption beyond Earth’s environmental limits.
There are many who believe that the use of energy is critical to the growth of the economy. In fact, I am among these people. The thing that is not as apparent is that growth in energy consumption is dependent on the growth of debt.
Opening a newspaper or listening to the radio news exposes us to a flood of catastrophic messages: devastating droughts, failing states, terrorist attacks, and financial crashes.
Many analysts had anticipated that a dramatic drop in oil prices such as we’ve seen since the summer of 2014 could provide a big stimulus to the economy of a net oil importer like the United States.
Wage inequality is really a sign of a deeper problem; basically it reflects an economic system that is not growing rapidly enough to satisfy everyone.
It can be difficult to form a view of what’s really going on in our atmosphere, given the amount of information and of contradictory claims.
We don’t just extract fossil fuels. Instead, whether we intend to or not, we get a lot of other things as well: rising debt, rising pollution, and a more complex economy.
These reservations about degrowth point to the need to clarify what growth traps to avoid when making a transition to sustainable degrowth.