[Earth's ecosystem functions both as a vast, but not limitless, sink
for the solid. liquid and gaseous wastes produced by its inhabitants,
and also as a huge, but again not unlimited, stock of various
resources.
The economic activities of the humans involve extraction of resources
and dumping of waste products. The higher the pace of economic
activities, greater the extent of extraction (of resources) and
dumping of wastes).
If global economy grows @ 3% (compound rate) per annum, which is
roughly the actual rate during the recent decades, then the size of
the economy doubles in less than 25 years. Assuming global economy
grows double in 25 years, it grows 16 times in a century and 256 times
in 200 years.
Earth's ecology is simply incapable of bearing this humongous burden.]

http://www.filmsforaction.org/articles/endless-economic-growth-is-fundamentally-unsustainable/

Endless Economic Growth is Fundamentally Unsustainable

The belief that economic growth can be detached from destruction
appears to be based on a simple accounting mistake.

By George Monbiot / monbiot.com

We can have it all; that is the promise of our age. We can own every
gadget we are capable of imagining – and quite a few that we are not.
We can live like monarchs without compromising the Earth’s capacity to
sustain us. The promise that makes all this possible is that as
economies develop, they become more efficient in their use of
resources. In other words, they decouple.

There are two kinds of decoupling: relative and absolute. Relative
decoupling means using less stuff with every unit of economic growth.
Absolute decoupling means a total reduction in the use of resources,
even though the economy continues to grow. Almost all economists
believe that decoupling – relative or absolute – is an inexorable
feature of economic growth.

On this notion rests the concept of sustainable development. It sits
at the heart of the climate talks in Paris next month and of every
other summit on environmental issues. But it appears to be unfounded.

A paper published earlier this year in Proceedings of the National
Academy of Sciencesproposes that even the relative decoupling we claim
to have achieved is an artefact of false accounting. It points out
that governments and economists have measured our impacts in a way
that seems irrational.

Here’s how the false accounting works. It takes the raw materials we
extract in our own countries, adds them to our imports of stuff from
other countries, then subtracts our exports, to end up with something
called “domestic material consumption”. But by measuring only the
products shifted from one nation to another, rather than the raw
materials needed to create those products, it greatly underestimates
the total use of resources by the rich nations.

For example, if ores are mined and processed at home, these raw
materials, as well as the machinery and infrastructure used to make
finished metal, are included in the domestic material consumption
accounts. But if we buy a finished product from abroad, only the
weight of the metal is counted. So as mining and manufacturing shift
from countries like the UK and the US to countries like China and
India, the rich nations appear to be using fewer resources. A more
rational measure, called the “material footprint”, includes all the
raw materials an economy uses, wherever they happen to be extracted.
When these are taken into account, the apparent improvements in
efficiency disappear.

In the UK, for example, the absolute decoupling that the domestic
material consumption accounts appear to show is replaced with an
entirely different chart. Not only is there no absolute decoupling;
there is no relative decoupling either. In fact, until the financial
crisis in 2007, the graph was heading in the opposite direction: even
relative to the rise in our gross domestic product, our economy was
becoming less efficient in its use of materials. Against all
predictions, a re-coupling was taking place.

While the OECD has claimed that the richest countries have halved the
intensity with which they use resources, the new analysis suggests
that in the EU, the US, Japan and the other rich nations, there have
been “no improvements in resource productivity at all”. This is
astonishing news. It appears to makes a nonsense of everything we have
been told about the trajectory of our environmental impacts.

I sent the paper to one of Britain’s leading thinkers on this issue,
Chris Goodall, who has argued that the UK appears to have reached
“peak stuff”: in other words that there has been a total reduction in
our use of resources, otherwise known as absolute decoupling. What did
he think?

To his great credit, he responded that “broadly, of course, they are
right”, even though the new analysis appears to undermine the case he
has made. He did have some reservations, however, particularly about
the way in which the impacts of construction are calculated. I also
consulted the country’s leading academic expert on the subject,
Professor John Barrett. He told me that he and his colleagues had
conducted a similar analysis, in this case of the UK’s energy use and
greenhouse gas emissions “and we find a similar pattern.” One of his
papers reveals that while the UK’s carbon dioxide emissions officially
fell by 194 million tonnes between 1990 and 2012, this apparent
reduction is more than cancelled out by the CO2 we commission through
buying stuff from abroad. This rose by 280m tonnes in the same period.

Dozens of other papers come to similar conclusions. For example, a
report published in the journal Global Environmental Change found that
with every doubling of income, a country needs one third more land and
ocean to support its economy, because of the rise in its consumption
of animal products. A recent paper in the journal Resources found that
the global consumption of materials has risen by 94% over 30 years,
and has accelerated since 2000. “For the past 10 years, not even a
relative decoupling was achieved on the global level.”

We can persuade ourselves that we are living on thin air, floating
through a weightless economy, as gullible futurologists predicted in
the 1990s. But it’s an illusion, created by the irrational accounting
of our environmental impacts. This illusion permits an apparent
reconciliation of incompatible policies.

Governments urge us both to consume more and to conserve more. We must
extract more fossil fuel from the ground, but burn less of it. We
should reduce, reuse and recycle the stuff that enters our homes, and
at the same time increase, discard and replace it. How else can the
consumer economy grow? We should eat less meat, to protect the living
planet, and eat more meat, to boost the farming industry. These
policies are irreconcilable. The new analyses suggest that economic
growth is the problem, whether or not the word sustainable is bolted
to the front of it.

It’s not just that we don’t address this contradiction. Scarcely
anyone dares even to name it. It’s as if the issue is too big, too
frightening to contemplate. We seem unable to face the fact that our
utopia is also our dystopia; that production appears to be
indistinguishable from destruction.

Illustration: Andrzej Krauze

-- 
Peace Is Doable

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