Green growth or degrowth?
Probably the defining economic question of your working life.
Side A
Green growth
Price carbon, back clean technology, and growth and emissions can decouple.
Evidence
Several rich countries, including the UK, have cut emissions while growing. Nordhaus won the 2018 Nobel for climate–economy models.
Side B
Degrowth or post-growth
Decoupling is too slow; rich countries must prioritise wellbeing over GDP.
Evidence
Haberl et al. (2020) reviewed the evidence and found the decoupling achieved so far far too slow for climate targets. Amsterdam's doughnut strategy (2020) is a practical experiment.
What to watch
The speed of decoupling, not whether it happens at all. Both sides agree on that test.
Where I lean
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