A couple of thoughts…
In the Davos panel clip Gordon posted above Thunberg lays out the basic challenge we’re facing. According to the IPCC, As of January 2018, to give ourselves a 67% chance of staying below 1.5 degrees if warming we only have 450 gigatons of carbon left to burn. The figure is obviously less now and, at our current rate of consumption, we’ll exhaust the budget in 8 years. But our carbon consumption is not going down, the rate is still increasing.
It’s increasing not because people are intentionally trying to make things worse but because our economy drives that consumption. The world is developing and most of our current economy is dependent, directly or indirectly on petroleum.
The other thing about the. World economy is that all economics are based on the idea that tomorrow will be better than today. Without the possibility of growth their is no return on investment and no reason to lend money. Indeed, investing and lending is foolish if you believe things will be worse tomorrow than they are today.
To drive home the point, here’s what Mnuchin had to say at Davis yesterday:
‘Asked whether calls for public and private-sector divestment from fossil fuel companies would threaten US growth, Mnuchin jibed: “Is she the chief economist? Who is she, I’m confused” – before clarifying that he was joking.
‘“After she goes and studies economics in college she can come back and explain that to us,” Mnuchin added, at a press conference at the World Economic Forum in Davos.’
Fatalism is dangerous, I agree, but false hope is equally dangerous. Our current economic models are fundamentally incapable of hitting our carbon targets. To stay within the carbon budget, the entire world economy has less than 8 years to completely change course and find a viable economic path away from carbon. Maybe there’s a model that allows for growth but it will take immediate and coordinated brilliance to find that path. More likely we’re looking at having to accept paying a heavy price economically to save ourselves and that concept Is alien to the people and forces that shape our economy.
People don’t want to hear what Thunberg has to say because she is stating a fundamental truth — The political and economic status quo is not capable of addressing the crisis. Everything must change and it must change on a very accelerated time scale. That’s a brutal truth to accept and more than a likely, it won’t be accepted. Unfortunately, if we don’t choose to change, circumstances will impose change on us and it will not be the change we desire