Links tagged “economics”

"Degrowth" involves a purposeful contraction of the economy

Some climate-focused economists see the COVID-19 pandemic as an unwitting experiment for a radical strategy to reduce global greenhouse gas emissions. The concept is called "degrowth." It involves a planned slowdown of economic sectors that emit large amounts of global carbon dioxide. Those sectors would scale down until the broader economy meets "sustainable emissions levels," advancing long-term health and environmental goals.

Natasha Chassagne of the University of Tasmania: There are "opportunities we can take away from the coronavirus emergency." ...

"'Degrowth' involves a purposeful contraction of high-emitting sectors while growing other sectors that produce low or zero emissions." 

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Flashback: Sierra Club Touts Economic ‘De-Growth’: ‘We have to de-grow our economy’ to ‘temper climate disruption, and foster a stable, equitable world economy’ – ‘WORK LESS TO LIVE MORE’

Flashback: Warmist Prof. Alice Bows-Larkin calls for ‘planned recessions’ to fight ‘global warming’: ‘Economic growth needs to be exchanged’ for ‘planned austerity’ – ‘Whole system change’

Flashback: STUDY in Nature: Global wealth redistribution, economic ‘degrowth’ needed to fight ‘global warming’

Flashback: ‘A planned economic recession’: Global warming prof. Kevin Anderson – who has ‘cut back on showering’ to save planet – asserts economic ‘de-growth’ is needed to fight climate change

Rush Limbaugh: "The deep state extends very deeply. And the American people did not elect a bunch of health experts that we don’t know. We didn’t elect a president to defer to a bunch of health experts that we don’t know."

"This country is shut down. It’s just incredible. And I’ll tell you, folks, it has been scary to me, it has been frightening to me to see how easy it has been to do this...it isn’t gonna be the same country." 

On coronavirus stimulus package: "Why even have budgets? We don’t have $2 trillion to be giving away to people...We don’t have the money. We have a national debt of 22, $23 trillion. We don’t have this money. We’re printing this money."

"You remember how everybody was fit to be tied when Obama had a $787 billion stimulus? That wasn’t even $1 trillion. That led to the creation of the Tea Party." 

U.N. FORCED TO PIVOT: During his virtual press conference, Guterres gave a nod to the Paris Agreement. He said the pandemic could create an opportunity to rebuild the global economy along more sustainable lines. But he made it clear the world must focus first on the coronavirus crisis. ...

The United Nations’ main climate change initiatives have been moved online or are on hold. Several planned U.N. climate action gatherings have been canceled or delayed. The offices of the U.N. Framework Convention on Climate Change and the Intergovernmental Panel on Climate Change have canceled all in-person meetings and foreign travel, and are working to arrange online conferences where possible.

Most recently, the U.N. International Civil Aviation Organization (ICAO), a body based in Montreal, called off a series of regional meetings meant to roll out a new emissions trading program to begin this month. ICAO said the regional planning seminars for its carbon offsetting and reduction scheme for international aviation simply have been postponed. But no new dates have been proposed.