“We must end the carbon economy”: Top Economists
There is no doubt: The Climate Movement took off thanks to NGOs and Activists, leaving the academia full of critics for inaction, excess of ego and pointless debates. Despite the failure of academia on calling to action for climate change, or even promoting a meaningful change, this time every intervention needs to be supported.
A letter signed by more than 100 economists published in the Guardian outlines how the “carbon economy” amplifies racial, social and economic inequities, and lays out a strategy for improving this situation. “From deep-rooted racism to the Covid-19 pandemic, from extreme inequality to ecological collapse, our world is facing dire and deeply interconnected emergencies.
But as much as the present moment painfully underscores the weaknesses of our economic system, it also gives us the rare opportunity to reimagine it. As we seek to rebuild our world, we can and must end the carbon economy,” they write.
The effects on Climate Change have been more deadly all around the world, this “exposes the hard reality of climate change”. It adds:
“Experts argue that every country must fundamentally rethink how it prepares for similar disasters as the effects of global warming accelerate.”
They call on:
- 1. Governments must actively phase out the fossil fuel industry.
- 2. Institutions of financial power must end their fossil fuel investments and funding.
- 3. People must build political power to advocate for a fairer economic system.
- 4. Policymakers to recognize the role that meaningful climate action has to play in rebuilding our world – to recognize that a healthy economy and society require a healthy planet.
The Global School for Social Leaders joins this call on ending the carbon economy NOW.
Read the full letter here.
Some of the signers:
Joseph E. Stiglitz, Columbia University
Gabriel Zucman, University of California, Berkeley
Robert B. Reich, University of California, Berkeley
Dani Rodrik, Harvard University
Mariana Mazzucato, UCL
Jeffrey D. Sachs, Columbia University
Darrick Hamilton, The Ohio State University
Gernot Wagner, New York University
Erik Brynjolfsson, Stanford University
Emmanuel Saez, University of California, Berkeley
Dean Baker, Center for Economic and Policy Research
Ann Pettifor, Policy Research in Macroeconomics
Michael Ash, University of Massachusetts Amherst
Jessica Gordon-Nembhard, John Jay College – CUNY
Douglas Almond, Columbia University
Stephen A. Marglin, Harvard University
Clair Brown, University of California, Berkeley
Juliet Schor, Boston College
And many more..