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The economic imperative: Recession and social injustice imperil the energy transition
The pandemic revealed the human cost of chaotic decarbonisation achieved by tanking the economy. To keep its social licence, the energy transition must decouple GDP growth from CO2 emissions
Source: energyflux.substack.com
When the economy booms, so do anthropogenic emissions of climate-warming gases. This year, the inverse happened. To keep its social licence the energy transition must decouple GDP growth from CO2 emissions, because recent history tells us that our collective reluctance to sacrifice our living standards will stand firm even if the alternative is to slowly sacrifice the climate—and all the ecosystems that depend upon it.
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