Lord Stern says fossil-fuelled growth is futile as the damage it causes ends in economic self-destruction
Investment in climate action is the economic growth story of the 21st century, while growth fuelled by fossil fuels is futile because the damage it causes ends in self-destruction, the economist Nicholas Stern has said.
The plummeting costs of clean technologies, from renewable energy to electric cars, plus the healthier and more productive societies they enable, meant investments could simultaneously tackle the climate crisis and faltering economic growth, and bring millions of people out of poverty, he said.
Continue reading…Lord Stern says fossil-fuelled growth is futile as the damage it causes ends in economic self-destructionInvestment in climate action is the economic growth story of the 21st century, while growth fuelled by fossil fuels is futile because the damage it causes ends in self-destruction, the economist Nicholas Stern has said.The plummeting costs of clean technologies, from renewable energy to electric cars, plus the healthier and more productive societies they enable, meant investments could simultaneously tackle the climate crisis and faltering economic growth, and bring millions of people out of poverty, he said. Continue reading…