Question

In: Economics

can the climate and economy go against each other ? need 1000 words please

can the climate and economy go against each other ?

need 1000 words please

Solutions

Expert Solution

Economic Growth and environmental sustainability are mutually exclusive. You can't reduce emissions while having an economic growth. The world GDP is increasing and at the same time Carbon intensity of the gdp has been declining. The amount of carbon dioxide and the amount of energy that is required to produce that GDP has reduced and that has pulled down the total fossil fuel emissions. So fossil fuel usage has risen by much less than the economic growth because of the energy intensity of GDP has improved. If this energy intensity, the efficiency at which we grow the economy continue to improve, we could get to the point where we have the growth but still outing emissions. However we have overthrown the planet which is eating the planet with perpetual growth. The government wants to do is to boost the GDP. We are bursting through the envoronmental problems and screwing the planet already. There is a massive debate among the economists on how we measure GDP, and they come up with the concept of Green GDP which is more environmentally friendly that discounts waste, social disharmony and so on and so forth and they have applied this so couple of countries to find out the difference the real GDP and green GDP will make. This will show which countries are making the dirtiest economic growth and which is making the cleanest growth.So the current GDP measure is in tension with environmental depletion, when economies grow part of that growth is coming from resource depletion from damaging the planet. If economists, natural accountants, as it were, all these different bodies can come together and create a new measure, more eco- friendly measure of green GDP, then we could get to a stage where countries could be  targeting that green GDP in their growth. Could be growingand yet not at the same time damaging the planet.


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