{"id":54034,"date":"2020-07-08T18:19:35","date_gmt":"2020-07-08T23:19:35","guid":{"rendered":"https:\/\/olduvai.ca\/?p=54034"},"modified":"2020-07-08T18:19:38","modified_gmt":"2020-07-08T23:19:38","slug":"we-cant-grow-our-way-out-of-poverty","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=54034","title":{"rendered":"We Can&#8217;t Grow Our Way Out of Poverty"},"content":{"rendered":"\n<h3 class=\"wp-block-heading\"><a href=\"https:\/\/newint.org\/features\/2020\/02\/10\/we-cannot-grow-our-way-out-poverty\">WE CAN\u2019T GROW OUR WAY OUT OF POVERTY<\/a><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">For more than half a century, economists and policymakers have focused fanatically on growth as the only feasible way to end global poverty and improve people\u2019s lives. But in an era of planet-wide ecological breakdown, that comfortable conventional wisdom is crashing to an end.\u00a0<strong>Jason Hickel<\/strong>\u00a0lays it on the line.<\/p>\n\n\n\n<hr class=\"wp-block-separator\"\/>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/newint.org\/sites\/default\/files\/2019\/growth.jpg\" alt=\"\"\/><figcaption>Illustration by Pete Reynolds<\/figcaption><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">Everything is about to change in the field of international development.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">In 2018, the UN\u2019s Intergovernmental Panel on Climate Change (IPCC) grabbed the world\u2019s attention with its report stating that to avert dangerous climate breakdown we need to cut global emissions in half by 2030 and reach zero by 2050. It would be difficult to overstate how dramatic this trajectory is; the challenge is staggering in its scale.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">We know it\u2019s possible to accomplish rapid emissions reductions with co-ordinated government policy action, ratcheting down fossil fuels and rolling out renewable energy infrastructure. But there\u2019s a problem. IPCC scientists have made it clear that it\u2019s not feasible to transition quickly enough to stay within the carbon budget if we continue to grow the global economy at existing rates.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">More growth means more energy demand, and more energy demand makes it all the more difficult to create enough renewable capacity to meet it.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Think about it this way. With business-as-usual growth, the global economy is set to roughly triple in size by the middle of the century \u2013 that\u2019s three times more extraction, production and consumption than at present, all of which will suck up nearly three times as much energy. It will be unimaginably difficult for us to decarbonize the&nbsp;<em>existing<\/em>&nbsp;global economy; impossible to do it three times over in the short time we have left.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u2026click on the above link to read the rest of the article\u2026<\/p>\n","protected":false},"excerpt":{"rendered":"<p>WE CAN\u2019T GROW OUR WAY OUT OF POVERTY For more than half a century, economists and policymakers have focused fanatically on growth as the only feasible way to end global poverty and improve people\u2019s lives. But in an era of planet-wide ecological breakdown, that comfortable conventional wisdom is crashing to an end.\u00a0Jason Hickel\u00a0lays it on [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[2,4],"tags":[25674,1004,391,29983,440,17122,642],"class_list":["post-54034","post","type-post","status-publish","format-standard","hentry","category-economics","category-environment","tag-carbon-budget","tag-co2","tag-growth","tag-intergovernmental-panel-of-climate-change","tag-ipcc","tag-jason-hickel","tag-poverty"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/54034","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=54034"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/54034\/revisions"}],"predecessor-version":[{"id":54035,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/54034\/revisions\/54035"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=54034"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=54034"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=54034"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}