The Physics Behind Pro-Growth Environmentalism

Posted Posted in Environment

It is an article of faith for the anti-capitalist, anti-trade left that endless economic growth is impossible on a finite planet. The sooner it can be brought to a halt, or even reversed, the better. This month’s IPCC report into the dire consequences of a 1.5°C increase in global temperatures will have given it encouragement. However, the award of the Nobel Prize in Economics to Paul Romer and William Nordhaus (i), in the same week, can only be interpreted as a huge slap in the face for the champions of “degrowth”.