Not just for Greenies any more. – Financial Time Economist calls for Bold Leadership on Climate
February 4, 2019
Martin Wolf is chief economics commentator at the Financial Times, London. He was awarded the CBE (Commander of the British Empire) in 2000 “for services to financial journalism”.
Climate Action. Not just for Greenies any more.
February 4, 2019 at 11:33 pm
Is this a stand up comedy routine? This guy lacks any sort of grounding in reality! No unusual in the finance community.
A global economy 2.5x bigger than it is now by 2050. The sooner fairy dust is able to be converted to usable energy, the better!
February 10, 2019 at 1:51 am
Oops, I meant that as a reply directly to your comment.
February 10, 2019 at 1:51 am
Technically, it is possible to get economic growth without using up more resourcee, since technologically-based efficiencies can improve the value or lower the cost of production.
Two major examples during my lifetime:
(1) Switching from hand-labeled and -managed inventory to SKU-based labeling reduces the labor required to bring products to people.
(2) Switching from lading of irregularly packaged and labeled cargo (think barrels, crates, and palettes of bulk material in sacks) to standardized containers has simplified and sped up shipping immensely (and reduced “shrinkage” at ports).
As for “2.5x bigger”, that sounds…optimistic. Still, cell phones have penetrated a lot of the developing world, introducing people who rarely travel more than 10 miles from their village to an international market, creating a lot of potential for increased prosperity.