IS CLIMATE STABILIZATION COMPATIBLE WITH ECONOMIC GROWTH? THE CASES OF CHINA AND INDIA
<p class="first" id="d338390e99">World capitalism is currently challenged by climate change, which is primarily caused by the greenhouse gas emissions associated with fossil fuel consumption. To prevent catastrophic environmental consequences threate...
| Main Authors: | , |
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| Format: | Article |
| Language: | English |
| Published: |
Pluto Journals
2011-09-01
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| Series: | World Review of Political Economy |
| Online Access: | https://www.scienceopen.com/hosted-document?doi=10.2307/41931937 |
| Summary: | <p class="first" id="d338390e99">World capitalism is currently challenged by climate change, which is primarily caused
by the greenhouse gas emissions associated with fossil fuel consumption. To prevent
catastrophic environmental consequences threatening the survival of humanity, a fundamental
and immediate change in the capitalist commitment to economic growth is compulsory.
This article discusses the interplay between the rise of China and India in the world
economy and the climate emergency. It considers alternative growth scenarios for China
and India. The results show that next-to-zero growth will be required to achieve the
emission reduction targets required to mitigate the climate crisis. The traditional
development models based on the intensive use of fossil fuels are no longer sustainable,
which clearly suggests that China and India need to revise their development approach
to avoid a global ecological collapse. Only a new development strategy focused on
social and environmental progress, rather than economic growth, can provide hope for
the future of humanity.
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| ISSN: | 2042-891X 2042-8928 |