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(Working Paper #7) An Illness to One is the Concern of All: The Health Impacts of Rising Fossil Fuel Use

By Svati Shah and Sean Sweeney - Trade Unions for Energy Democracy, September 2016

This paper has been written to help unions representing workers in all sectors get a clear sense of what is presently happening in terms of the health impact of fossil fuel use and what could also happen if present patterns in energy use continue into the future. The data are presented in a way that unions can use to more effectively advocate both for their members and the broader public.

Unions in health care can play—indeed are playing—an important role in addressing both the climate-related and the pollution-related dimensions of the unfolding health crisis, as can health and safety personnel working with or for unions in different sectors. But the health-related impacts of rising pollution levels and climate change are expected to affect the lives of workers across a range of occupations. Unions representing workers in emergency services, workers in transport systems, or workers who must work outdoors in agriculture or construction also have a particularly important role to play. The situation requires as unified a response as possible.

One of the striking features of fossil fuel use today is how much it reflects and reinforces class inequalities. It is well known that rich countries consume far more energy per per-son than poorer ones, but within both rich and poor countries there is often a huge gulf between the energy consumed by the rich and the energy consumed by the poor and working class. The same is true of emissions. A December 2015 study released by Oxfam calculated that the poorest half of the global population are responsible for only around 10% of global emissions yet live overwhelmingly in the countries most vulnerable to climate change while the richest 10% of people in the world are responsible for around 50% of global emissions.

Trade unions with the capacity to play more of an active role in resisting the expansion of fossil fuel use can be confident of the fact that they will be intersecting with a rising global movement that is confronting fossil fuel extraction, including “unconventional fuels” like shale gas and shale oil. The concerns that drive this movement are numerous. Along with climate and air quality concerns, struggles have been built around questions of water scarcity and contamination and the fight to defend land and livelihoods from “extractivist” energy companies.

Read the report (PDF).

An Ecologically Sound and Socially Just Economy

By Fred Magdoff - Monthly Review, September 2016

Two weeks ago I returned from my fiftieth class reunion at Oberlin College in Ohio. The brief discussions I had there with environmental faculty and students left me feeling a bit dazed. So many good and intelligent people, so concerned, and doing what they think and hope will help heal the environment—this college has one of the best environmental education programs in the country. However, I was left disappointed and profoundly discouraged by the lack of discussion—or even interest in having a real continuing discussion and debate—regarding the root causes of our environmental disasters. Not just climate change, but also pollution of the air, water, soil, and living organisms, the loss of biodiversity both aboveground and in the soil, the extinction of species, and the overuse and misuse of both renewable and nonrenewable natural resources.

It is as though there is a flat tire with perhaps a thousand holes and people are working on the best way to patch this hole or that one. No one there seems to consider that the problem might be the tire itself—that the design and materials utilized are not appropriate to the way it is being used. And, if that is the case, then no amount of patching can solve the flat tire problem. It is of the utmost importance to be able to distinguish between symptoms (that most people call “problems” or “crises”) and underlying causes.

I ran into this confusion between symptoms and underlying causes time and time again in agricultural science and farming practices. Soils may be prone to erosion, store little water, grow crops that are susceptible to diseases and insect attack, become compacted, or have low fertility. Farmers (and extension specialists), usually think of and deal with these as individual problems—using pesticide applications, lots of commercial fertilizers, irrigating more frequently, using heavier equipment, and so on. In fact, I spent a significant portion of my career as a soil scientist helping to deal with the negative side effects of one of these responses—excess fertilizer use, especially nitrogen and phosphorus.

(As an aside, as I was preparing this talk, an unbelievable thirty-five tons of nitrogen in the nitrate form, worth approximately $35,000, flowed down the Raccoon River past Des Moines, Iowa, on the way to the Mississippi and the “dead zone” in the Gulf of Mexico. This flushing of nitrate out of the soil by prolonged spring rains, partially the result of nitrate left over after last year’s drought [2012], was mainly a consequence of an ecologically damaging, but profitable, emphasis on growing corn and soybeans without an ecologically sound crop rotation.)

However, what I learned over time was that in reality these are symptoms of an unhealthy soil and a simplified approach to soil and crop management. The same is true of never-ending unemployment, inequality and poverty, the systemic necessity of perpetual growth, and pollution of air, water, soil, and organisms. As harmful as each of these is, they are all only symptoms—of an economic system that is essentially unmanaged. Of course large corporations and politicians that represent them try to manage national and international laws, regulations, and markets in such ways that it becomes easier for them to make more money. But with individual corporations and other private capital making decisions which consider only their own interests, the system as a whole alternates between periods of growth (that nowadays are pretty lackluster) and periods of recession. Addressing individual symptoms alone is not sufficient for the tasks we need to undertake—either to create healthy soils or to create an ecologically based and humane society.

One of the neglected issues regarding thinking and acting about the environment—perhaps the most critical of all—is, to borrow a phrase from the first President Bush, the vision thing. The environmental movement is lacking any kind of meaningful vision as to what a truly ecologically sound and socially just society would look like and how it might operate. I am not talking about a blueprint with all sorts of details, but rather an agreement on essential characteristics of such a system. Without a vision—including some conception of the essential parts of such a system, the chances of actually getting to such a society are essentially zero. Or, as James Baldwin put it in a commonly cited but still very appropriate passage, “Not everything that is faced can be changed; but nothing can be changed until it is faced.” It is my contention that we are not facing the root cause of our problems, and until we do, there is no hope of solving the social and ecological problems confronting the world.

Theses on Saving the Planet

By Richard Smith - New Politics, Summer 2016

I don’t need to tell you we face an existential threat. Scientists tell us we face a “climate emergency.” Last year was the hottest year ever recorded, beating 2014, which beat 2012. We break new records every year. The fourteen hottest years ever recorded have been recorded since 2000. January and February temperatures were torrid. Global temperatures hit new all-time highs in February; the northern hemisphere breached the 2 degrees-Celsius-above-normal mark for the first time in recorded history. Svalbard, Norway, averaged 10 degrees Celsius above normal. Parts of the Arctic were more than 16 degrees Celsius warmer—basically no winter. There were record-setting low measures of maximum Arctic sea ice this “winter.” In the United States, the winter was record-warm from coast to coast, breaking all-time temperature records for February. The same in Asia. In the tropics, record warmth is massively bleaching the Great Barrier Reef.  

Keep in mind that it took from the dawn of the industrial age until last October for temperatures to climb 1.0 degree Celsius, and we’ve come an extra 0.4 degrees further in just the last five months. What’s driving this? More and more, people are coming to understand that the problem is not the climate. It’s our economic system.  

In her latest book, This Changes Everything: Capitalism vs. the Climate, Naomi Klein tersely sums up our plight: “Our economic system and our planetary system are now at war.” Climate scientists tell us that “our only hope of keeping warming below … 2 degrees Celsius is for wealthy countries to cut their emissions by somewhere in the neighborhood of 8–10 percent a year.” “The ‘free’ market simply cannot accomplish this task,” Klein writes, “What the climate needs to avoid collapse is a contraction in humanity’s use of resources; what our economic model demands to avoid collapse is unfettered growth.” 

So far, unfettered growth is winning. Instead of suppressing fossil fuel production, oil companies are pumping oil and gas from the ends of the earth. President Obama opened the Atlantic seaboard to drilling after he opened the Arctic and after he promoted his “All of the Above,” also known as “Drill Baby Drill,” plan to pump and drill and frack the country and beyond and bragged that he’s laid more pipelines than any president in history. 

Instead of minimizing fossil fuel consumption, consumers seem bent on maximizing consumption. The glut of oil production has only encouraged people to drive more and buy gas-hog SUVs and huge trucks that get worse gas mileage than the Cadillac land yachts of the 1950s. We’re burning up more fuel flying everywhere and installing air conditioners to beat the heat.

Instead of imposing binding limits on emissions, governments have kicked the can down the road for 22 consecutive years. At Paris in December, they didn’t even try. Instead they promoted hallucinatory fantasies of huge “negative emissions” to be had by some high-tech “carbon capture and storage”—again, always “someday” in the future, never today; no such technology presently exists in any practicable form nor is ever likely to. The U.S. government has abandoned subsidizing carbon capture. Carbon capture is not a technology. Carbon capture is a propaganda tool to let consumers rationalize obscene, unsustainable overconsumption: Not to worry, we’ll fix it tomorrow. But tomorrow never comes. Year after year, decade after decade, climate summits collapse in disarray because no country will sacrifice jobs and growth today to save their children tomorrow. 

And not just fossil fuels, we’re devouring everything—minerals, lumber, fresh water, fish stolen from the mouths of sharks and whales; we’re saving nothing for the future, reserving nothing for other species, which instead we’re just driving to the wall.  

Instead of inventing ways to minimize resource consumption, our smartest companies like Apple and Google work only to invent “needs” we don’t really need: drones, robots, iPhones 5-6-7, 3D printers, hoverboards, the “Internet of Things,” self-driving cars, biometric T-shirts, electric planes—the endless quest for “the next big thing,” but really just new ways to devour more resources and convert them into “product.” Instead of making products to be as durable and long-lasting as possible to conserve resources, our top companies pay their brilliant engineers, designers, and marketers to devise ways to make them wear out faster, to become obsolete, disposable, replaced in ever-faster cycles. 

Our capitalist economy is geared completely wrong. All the incentives are wrong. As an American retail analyst famously wrote way back in 1955:  

Our enormously productive economy demands that we make consumption our way of life, that we convert the buying and use of goods into rituals, that we seek our spiritual satisfactions, our ego satisfactions, in consumption. … We need things consumed, burned up, worn out, replaced, and discarded at an ever increasing pace.1

And so it is. For three hundred years, the engine of capitalist economic development revolutionized technology, and science improved our lives in countless ways. But now this out-of-control engine is consuming us to death, driving us off the cliff and into the abyss.  

What to do? Mainstream economists have had two approaches. Economists such as Herman Daly, Tim Jackson, and Serge Latouche have advocated “degrowth.” The idea is that capitalism can be slowed down, made to run at a “steady state” or even to “degrow.” I have argued elsewhere that these theorists just don’t understand capitalism. Capitalist “degrowth” just means recession, if not depression. Imagine Rex Tillerson, CEO of Exxon Mobil, telling his investors, “Sorry, but to save the planet, we cannot grow profits next year, and in fact, we have to cut production (and thus profits) by 8–10 percent next year and every year thereafter, for the next three-and-a-half decades, by which time we will be basically out of business.” How long would it take your retirement fund to dump that stock? 

The other approach is “green capitalism.” The idea here is that growth can go on forever but be rendered benign for the environment. Economists who advocate green capitalism call for carbon taxes, solar power, LED lightbulbs. We are no doubt better off for some of these policies and technologies. But green capitalism can’t save us. Here and there the planet’s needs and the corporations’ needs do coincide—but they do not align systematically. To save the planet, corporations would have to subordinate growth and profits to saving the humans—but they can’t do this. They’re not responsible to us. They’re responsible to shareholders. Shareholders can’t subordinate growth to saving the planet and still compete in the world market—especially against China. What difference does it make if Germany gets 30 percent of electricity from renewables when what it produces with that electricity, its biggest export industry, is global warmers: gasoline-powered cars and gratuitously filthy diesels to boot? What difference if Apple powers all its servers in California with solar power when what it produces in China (and with coal power) is just completely disposable iPhones and iPads? Americans alone junk 100 million cell phones a year—mostly perfectly workable but “so last year.” The environmental cost of producing millions and billions of cellphones, computers, Gameboys, and all the other “devices” is just staggeringly unsustainable. IPhones are expensive. The cost of that new iPhone 6 is your children.  

What about cap-and-trade policies? No capitalist economy, no government, will accept cap-and-trade. Why? Because it would impose a “cap.” A cap is a finite limit on greenhouse gas emissions like CO2. But every government understands that a cap on emissions means a cap on growth. That’s why no industrialized country has been willing to accept a cap. As George Bush senior put it back in 1992, “The American way of life is not up for negotiation.” And if the Americans won’t cut emissions, why should the Chinese?

What about carbon taxes? Lots of governments pass carbon taxes, but they’re all too feeble to make any real difference. Scientists tell us that to keep global temperatures from rising beyond 2 degrees Celsius and prevent runaway global warming, the industrialized countries would have to suppress emissions by 6–10 percent per year, truly draconian levels, for the next 35 years to get emissions down to where they need to be by 2050. But cutting emissions by anything like that amount would mean industrial shutdowns across the board. So governments pass carbon taxes to placate environmentalists, but they pass taxes that are too feeble to force any real change. That’s why oil company executives at Shell, ExxonMobil, and so on all support carbon taxes. Carbon taxes are just an indulgence, just another cost of doing business, which they can also just pass along to their customers. Most importantly, it’s not a cap, so it won’t stop growth. These market approaches aren’t designed to cut fossil fuel consumption. They’re designed to delay or to avoid cutting fossil fuel consumption, to keep the engines of growth revving, to keep prioritizing growth and jobs over the environment.  

It’s not difficult to stop global warming. It’s completely obvious and simple. If we want to cut fossil fuel consumption we just have to enforce cuts in consumption, just ration oil and gas, like governments did during World War II, like when the U.S. government banned DDT, or when it banned ozone-depleting refrigerant chlorofluorocarbons.

The problem is that, given capitalism, cutting fossil fuel consumption would immediately bankrupt the largest companies in the world and plunge us into economic collapse, mass unemployment, and depression.  

Our whole economy is based on fossil fuel: mining, manufacturing, heating, transportation, petrochemicals, construction, industrial farming, tourism, you name it. Electricity and heat account for 25 percent of CO2 emissions; industry, 21 percent; transportation, 14 percent; agriculture, forestry, and deforestation, 24 percent.2 If we have to cut emissions by 90 percent, renewable energy is a start but only part of the picture. We need a completely different kind of economy, an economy geared to minimizing resource consumption, not maximizing it, an economy geared to sustainability and equity, not profit. 

The enemy is not the climate; it’s capitalism

By Michael Gasser - Santa Cruz Ecological Justice, August 22, 2016

In a new article in the New Republic, 350.org founder Bill McKibben, probably the world’s most influential climate activist, argues that World War III has begun and that the enemy is climate change.

He goes on to say that we are losing the war, that we should learn from the experience of World War II, that by retooling industry as we did then we can win the war. In making this case, he is largely adopting the position that has been promoted since 2014 by The Climate Mobilization (TCM). A few days after McKibben’s article appeared, TCM’s co-founder Ezra Silk published an extensive “Victory Plan”, which outlines the steps needed to “restore a safe and stable climate”, “reverse ecological overshoot”, and “halt the 6th mass extinction”.

Before going on to say what I think is wrong with McKibben’s and TCM’s position, I want to make it clear that there is much that is certainly right about it. Above all, they recognize the seriousness of the crisis, the fact that many people who are aware of climate change under-estimate the seriousness, and the need for drastic action to solve the crisis.

The problem is that what they are arguing for is not nearly drastic enough. This is because their “war” is against nature, and as such it ultimately relies on technological fixes, rather than challenges to the political and economic system. McKibben rests much of his case on the well-known work of Stanford University engineer Mark Z. Jacobson and his colleagues, who have argued that renewable technologies could replace those based on fossil fuels in the United States within decades. While Jacobson has his critics, his work is undeniably important. What his work shows — and he himself agrees — is that the main obstacles to solving the crisis are not technological but rather political and economic. The question is who controls the technology.

If this is so, then we must look for the enemy elsewhere. In what must be the best-known of all books written on the climate crisis and its causes, This Changes Everything: Capitalism vs. the Climate, author Naomi Klein spells it out pretty clearly. The enemy (of the climate and hence of us) is capitalism. Although Klein does not go into much detail about what she actually means by “capitalism”, a number of ecosocialist writers have filled this gap. For an excellent overview, suitable for those who know little about the science of climate change and/or little about capitalism, see David Klein and Stephanie McMillan’s  Capitalism and Climate Change: the Science and Politics of Global Warming. A common theme in this work and others, especially Richard Smith’s Green Capitalism: the God that Failed and Daniel Tanuro’s Green Capitalism: Why It Can’t Work, is that capitalism, by its very nature, is completely incompatible with a just and sustainable future. If capitalism has a “solution” for the climate crisis, one can only imagine a dystopian world where elites survive in isolated islands of livability, protected from the masses of climate refugees on the outside.

Sean Sweeney of Trade Unions for Energy Democracy presentation to NZ ECO conference 2016

By Sean Sweeney - Trade Unions for Energy Democracy (YouTube), August 20, 2016

Sean Sweeney's introduces the work of Trade Unions for Energy Democracy to ECO conference 2016:

Corporations Call for “Net Zero” Emissions: Do They Know How to Get There?

By Sean Sweeney - New Labor Forum, August 12, 2016

In the months leading to the December 2015 Paris Climate Conference, representatives of global institutional investors and multinational corporations made headlines after they demanded that world leaders adopt radical emissions reduction targets, among them “net zero” emissions by 2050. Examples include the Global Investor Statement on Climate Change, which was signed by 409 investors representing more than $24 trillion in assets, and the Prince of Wales’ Corporate Leaders Group (which includes the likes of Shell Global and Heathrow Airport Holdings Limited). Following the Statement’s adoption in Paris, a cluster of corporate heads led by Virgin Group’s Richard Branson (calling itself the “B Team”) demanded that all governments turn the Paris net zero emissions target into national-level laws.

What are we to make of this? The practical implications of the net zero target adopted in Paris—if it is seriously pursued—are nothing short of revolutionary, opening up a “system crunch” scenario when the forces of growth, profit, and accumulation that presently propel capitalism collide with the political imperatives required to reach virtually total “decarbonization” in little more than a generation.

Paradoxically, the corporate push to adopt net zero by 2050—a target that is unprecedented in terms of its ambition—merely draws attention to the fact that the corporate elite has no clear or convincing idea about how it might be achieved. The capitalist spirit is progressively willing, but the flesh grows all the time steadily weaker.

Thus, the Paris Agreement can be a clarifying moment for labor, the climate movement, and the broader left in that, more than ever before, it exposes the gulf between what needs to be done from a scientific standpoint and what the global corporate and political elite are actually able to deliver.

The 21st Century Doesn't Need a New Deal: It Needs a New Economic Model

By C.J. Polychroniou - Truthout, August 6, 2016 © Truthout 2016; reused by permission.

In today's global economy, neoliberalism reigns supreme, organized labor is in deep retreat and public debt has shot through the roof. In the face of these crises, is a global 21st century remaking of the 1930s-era New Deal what people on the left should be fighting for?

Contemporary progressive parties, such as Syriza in Greece and Podemos in Spain, have rallied around the idea of a "new New Deal," while the European Citizen's Initiative for a "New Deal 4 Europe" appears to have the backing of both Labor and Green party leaders in several European countries. In the US, Bernie Sanders has also been a strong advocate of this idea as the way out of our troubles.

However, a closer look at the history of the 1930s-era New Deal reveals that a new New Deal would do little to solve the underlying problems of capitalism and could even delay efforts to combat climate change through its emphasis on boosting growth via a new era of state capitalism.

Although New Deal-style programs have the potential to alleviate poverty in the short term, they are deeply limited by the core constraint that the raison d'être of active state intervention in a capitalist regime is none other than to save capitalism. Moreover, any program in the mold of President Franklin D. Roosevelt's New Deal would also be limited by its failure to give workers a greater say in decision-making.

Food, Labour and Ecology

By "Lucy Parsons" - Vancouver IWW, July 28, 2016

Separating food production from the global commodities market is a key component of, and a crucial first step towards achieving both social and of course ecological sustainability. Prior to the collapse of the Soviet Union, Cuba had been relying on sugar cane as a cash crop which they used for trade with Soviet bloc (and a few other) countries in return for food and consumer goods. After the collapse of the USSR, Cubans had to radically reimagine their food production strategies which in the end resulted in possibly the most sustainable food production systems on earth – all this without relying on global trade networks and the flawed logic of comparative advantage and structural adjustment which plagued so many of Cuba’s neighbours during the 80’s and 90’s.

From a western, urban perspective however, this means establishing an inclusive and secure culture of urban agriculture and perhaps most importantly, a culture of local eating. Beyond the obvious (hello, climate crises!) steps in this direction help to A) resolve what Marx described as the town/country antithesis and B) develop a sense of social capital among workers who can reconstruct themselves as something like urban farmers (key links in the food and sustainability chain), rather than underutilized wage labourers – alienated from both the process and product of their labour.  

For some perspective on this issue, we need to take a step back into the 19th century, where Marx observed that cities and rural communities had between them a kind of metabolism – wherein cities consumed food and other raw materials produced in towns and villages (which despite their importance in the creation of wealth, remain much poorer than cities) and indeed consumed people insofar as peasants were being separated from their means of subsistence by the enclosure movement and advances in agricultural technology etc. and forced to find work in the growing industrial centers of England. While this metabolism is less stark now than it might have been in Marx’s day, it still very much exists: much of the food that is consumed in our cities comes from abroad, and agricultural regions remain an important source of immigration into Canadian cities (e.g. the Punjab and other Asian agricultural regions).  

As it stands, the relationships many people have to food production is often mediated through the lens of the McJob which thrive on alienating workers from the process of production through an at times breathtakingly sophisticated division of labour. Equally breathtaking, is of course the veritable omnipresence of fast food advertising and the ubiquitous presence of many of these bands in our collective cultural psyche. All this together goes a long way in terms of deepening unhealthy misconceptions commonly held around food (misconceptions which are of course very profitable!); and indeed the immediate relationships between food, ecology and the environment. Establishing at least some measure of local (and ideally) worker control over what we eat is important and will require the cooperating and coordination of workers at every level of the supply chain – from farms (urban or otherwise) to the grocery store stock room right to the restaurant floor.

There are however a number of organizations which are working to address some of these issues from both the rural, and the urban perspective:

This post was informed in large part by Paul Burkett’s book “Marx and nature: a red and green perspective”.

The centrality of externalities to economic understanding

By Brian Davey - Credo, July 31, 2016

What economists call “externalities” are not unusual or a special case, they are ubiquitous. They are rooted in private property and the relationships of market society. The way in which non market societies protect bio-diversity through totem arrangements is described.

Private property means that a single owner has the right to do with a resource as s/he sees fit. However, what they decide about these “resources” affect communities of people and communities of species (eco- systems). Very often, the effects are not positive. John Ruskin, a 19th century art critic who also wrote on economics, coined the term “illth” to describe the destructive effects imposed on society and the environment by the economy of his day.

Economists have had to adjust their theories and have come up with the concept of “externalities”, that is, the benefits or costs of an allocation decision that arise for non-owners. In a later chapter I critically examine the idea that these externalities can be managed by those people affected by them coming to a deal with those causing them. This would involve finding “the right price” for the externality and then doing a trade. The purpose of this chapter is to look at the institutional and property relationship contexts in which these “externalities” arise, and thus, to show how and why, in some kinds of society, there are no “externalities”.

The word “externality”, conveys the impression that this is a footnote to economic theory, a sort of additional point. Actually, externalities are ubiquitous. There cannot be any kind of resource allocation decision involving matter or energy without externalities. “The economy” is embodied and embedded in physical and energetic processes in the physical world.

It involves “stuff” processed by energy conversions. This stuff, the matter, can neither be created nor destroyed, though it can change its form. Likewise, energy changes its form when used. It follows from this that what are used as “economic resources” must have come from somewhere originally where these resources had an original function and/or were part of some other system or structure. These resources must also go somewhere after they are embodied in products and/or where they are wholly or partly turned into wastes. Extracting resources from places has consequences and dumping wastes and pollution has consequences. Over several centuries, this extraction and dumping has usually been out of, and back, into the commons.

Inside The Green Economy: Promises And Pitfalls In 9 Theses

By Lili Fuhr, and Barbara Unmüßig - The Leap, July 1, 2016

In their new book Inside the Green Economy–Promises and PitfallsThomas Fatheuer, Lili Fuhr, and Barbara Unmüßig of the Heinrich Böll Foundation set out to explore the underlying assumptions, hypotheses, and propositions of the green economy and to spell out their consequences in the real world. The authors call for radical realism and the courage to recognize the complexity of the global crises. They assert that the great task will be to continue the project of modernity, embracing the latest knowledge about planetary boundaries as well as the old vision of broad democratic participation and an end to poverty and injustice.

1. The green economy is an optimistic vision of fossil-fuel phase-out in an economy assumed to become greener via technology and efficiency

In the mainstream imagination, the green economy wants to break away from our fossil-fueled business-as-usual. It’s a nice, optimistic message: the economy can continue to grow, and growth can be green. The green economy even hopes to become a driver of more growth. Yet reconciling climate change mitigation and resource conservation with economic growth in a finite and unjust world remains an illusion. With its positive associations, the term “green economy” suggests that the world as we know it can continue much as before thanks to a green growth paradigm of greater efficiency and lower resource consumption.

However, anyone making such a promise must deliberately downplay complexity and have powerful faith in hoped-for miracles of the market economy and technological innovation, while at the same time ignoring social inequality and not wanting to tackle existing economic and political power structures. The green economy is thus a matter of faith and selective blind spots.

It can only be a realistic option for the future if it recognizes planetary boundaries, overcomes social and political injustice and ensures the radical reduction and fair distribution of emissions and resource consumption.

2. Fixing the failure of the market by enlarging it: instead of rethinking business, the green economy wants to redefine nature

The green economy redefines the idea of the primacy of economics as the conclusive answer to current crises. It responds to the multiple crises with more economics. Economics has become the currency of politics, say its advocates. Consequently, they intend to correct the failure of the market economy by enlarging the market. The green economy thus wants the market to encompass things that have previously been beyond its scope by redefining the relationship between nature and economy.

The result is a new version of the concept of nature as natural capital and the economic services of ecosystems – and not a transformation of our way of doing business. Instead of rethinking business, the green economy wants to redefine nature by measuring and recording it, assigning it a value and putting it on the balance sheet – based on a global, abstract currency of carbon metrics.

This hides the many structural causes of the environmental and climate crisis from view and no longer fully takes them into account in the search for real solutions and viable pathways. The consequences of such an approach are also reflected in new market mechanisms for trading biodiversity credits. In many cases, they do not prevent the destruction of nature but merely organize it along market lines.

The green economy reduces the needed fundamental transformation to a question of economics and gives the impression that it can be implemented without major upheaval and conflict.

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