Will 30% CO2 Cuts Mean Deindustrialization or Green Growth?
Localization does not have to be anti-business, and greens aren't all anti-progress. But how we do business in a world of climate change and peak oil is a complex conundrum. Debate is raging over at The Guardian where EU energy commissioner Günther Oettinger claimed a 30% cut in CO2 emissions could only happen through de-industrialization. Meanwhile Carlo Jaeger claims these very same emissions cuts can only happen through aggressive growth in industry: "Climate policy can do so by creating opportunities for massive investment: to expand the supply of renewables; build the power grids of the future; develop the robotics and nanotechnology required for energy-efficient construction materials; facilitate the shift from coal to gas; and prepare for the far-reaching changes that will characterise this century.The 30% target is a growth target because it helps to bring about these investments."
Who is right? Feel free to share your thoughts below.