Put simply, any generation of economic value requires resources. These resources are extracted from somewhere in the world, used in some fashion to create energy or further materialsUnfortunately, there are fundamental flaws in this plan. The Energy Return on Investment (EROI) of renewable energies is generally much lower than that of fossil fuels. In other words, for a given amount of resources invested in renewables, you receive much less usable energy back than the same investment in fossil fuels would yield. This is because power such as that from the sun and wind is more diffuse and harder to capture. Renewables, therefore, require more land, and their construction is energy-intensive and necessitates many rare earth materials. So although renewables create fewer carbon emissions than fossil fuels, their ecological impact shifts into other forms. Accordingly, recent research has shown that absolute decoupling of economic growth from material impact is incredibly unlikely, especially at the scale and pace needed to limit global warming to below the much-discussed two-degree rise above pre-industrial levels. Even if a global rollout of renewable technologies occurred tomorrow, it is unlikely that their energy returns would be sufficient to meet the current energy demand of the global economy. For these reasons, the growth paradigm cannot deliver the economic and social transformation required to meaningfully combat climate and ecological breakdown. If we are to create a just and sustainable future for life on Earth, we must instead look to alternative economic paradigms which explicitly contest the growth imperative. One such paradigm is degrowth.
Degrowth does not represent the opposite of growth, recession, but a complete restructuring of society around values of conviviality, solidarity, and sufficiency.To achieve this aim, degrowth argues for establishing more localized economies, which reduce the reliance on high-emission international trade flows. By strengthening the role of co-operatives, solidarity and sharing economies, production processes could be democratically organized around social and ecological well-being, rather than the resource-insatiable profit motive. As a result, the power of the wage-labour market over peoples’ lives would also be diminished. Consequently, degrowth not only provides a practical route out of climate breakdown but also offers the prospect of simpler, more fulfilling ways of living, where more time can be dedicated to community, relationships and creative pursuits. To reframe Kennedy’s words, degrowth truly has the power to prioritize the things which make life worthwhile.
Earlier this month, on June 6th, the 2020 Global Degrowth Day (GDD) was celebrated around the world. Around 40 events in more than 18 countries were registered and there were many social media posts using the hashtag #GlobalDegrowthDay, which was also celebrated by the Green European Journal and the European Environmental Bureau. Pictures were shared on our facebook event page. Due to the pa...
On October 1st, Ecuadorian President Lenin Moreno announced a series of economic measures for the country, including the elimination of gasoline and diesel subsidies and the liberalization of their prices, as part of an agreement with the International Monetary Fund (IMF). These measures led to the eruption of massive nationwide protests for eleven consecutive days, which were met by the govern...
By Niko Paech The legend of green growth depends on three basic principles: (1) Increase of resource-efficiency, (2) closed material flow cycles and (3) renewable energies. However, despite a host of innovations in the field of climate protection, the ecological damages in the area of energy have been and still are on the rise. The process of ecological modernization reveals itself as a histo...