Attention Economy


Thursday, November 26, 2015

Carbon Imperialism versus Economic Development

Eco-Modernism and Economic Development – An important NYT piece notes:
“The “eco-modernists” propose economic development as an indispensable precondition to preserving the environment. Achieving it requires dropping the goal of “sustainable development,” supposedly in harmonious interaction with nature, and replacing it with a strategy to shrink humanity’s footprint by using nature more intensively.”

Carbon Imperialism
A great op-ed in the Financial Times by Arvind Subramanian (Chief Economic Adviser to the Indian Government and former Dennis Weatherstone Senior Fellow at the Peterson Institute for International Economics)

Western Hypocrisy and the Climate Change Talks
Edward Luce of FT wisely notes the obvious hypocrisy of Western leaders who are pushing poor countries to curtail their carbon emissions:
“Of the major economies, America’s per capita carbon dioxide emissions are the highest and will remain so for some time. Even if China continues to build new coal plants at its current rate, the average American pumps out three times more carbon every year than the average Chinese and more than 10 times the average Indian. …
This is where the surge in US car sales comes in. It was common in 2009 to read about the SUV’s demise. The petrol-guzzling car was heading for that “great junkyard in the sky,” said one analyst. They were too expensive, and too politically incorrect, to survive a recession and an Obama administration. For a while, sales did fall. But in the past 18 months, they have broken all records. The tipping point was falling oil prices. Once a gallon of petrol dropped below $3 last year, consumers reverted to pre-recession tastes.”
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The excellent book New Old World: An Indian Journalist Discovers the Changing Face of Europe by Pallavi Aiyar also provides great coverage of the Western double standards regarding climate change.
http://www.amazon.com/New-Old-World-Journalist-Discovers/dp/125007231X/

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Update:
India and France wisely push for a global solar alliance -
http://in.reuters.com/article/2015/11/29/climatechange-summit-solar-idINKBN0TI0QR20151129