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Missing green growth

Facts for Prelims (FFP)

 

Source: DTE

 Context: A recent analysis indicates that 11 high-income countries, including Australia, Austria, Belgium, Canada, Denmark, France, Germany, Luxembourg, the Netherlands, Sweden, and the United Kingdom, may require over two centuries to achieve a 95% reduction in their 2022 greenhouse gas emissions.

  • The study, published in The Lancet Planetary Health, highlights that if current trends persist, these nations would emit 27 times their fair share of the 1.5 degrees Celsius carbon budget defined by the Paris Agreement.
  • The researchers found that “green growth” is unattainable for these high-income countries, and their pursuit of economic growth contradicts the climate and equity goals of the Paris Agreement.
  • The study emphasizes that there is nothing environmentally friendly about the economic growth in these countries, and the term “green growth” is misleading, akin to greenwashing.

  

Solution suggested:

To achieve emissions reductions in line with the Paris Agreement, these nations should adopt a “post-growth” approach, focusing on equitable reductions in carbon-intensive production and consumption while enhancing livelihoods and well-being through policies like public job guarantees, reduced work hours, living wages, minimum income guarantees, and universal access to affordable housing and quality public services.