Extremely Slow Progress Converting to Renewables in Face of Huge Increase in CO2 Emissions: What Are the Trends?
By Frank Thomas and John Lawrence
Part 3 can be found here
Parts 1 and 2 address the psychological denial mechanisms and economics behind the world’s ingrained obsession with increasing GDP rates, despite their environmentally cancerous impact. Naturally, developing countries want the same material benefits from boundless GDP growth and unlimited resource development that advanced countries have long been exploiting.
This abets the idea that, as long as people make money from despoiling the atmosphere and climate, the Market should have its free reins forever. The Market is assumed to be the best arbiter of our planet’s ecological stability, but that is patently false. In reality, the Market exploits the environment and now it is becoming clear that increasing population and economic growth fueled by fossil fuels do so as well.