This article was first published by The Conversation.
Nick Bernards, Associate Professor of Global Sustainable Development at the University of Warwick, discusses the role of the global economy in relation to sustainability and climate action.
“The world absolutely needs to reduce or eliminate emissions, and fast. But while many of the problems inhibiting effective climate action are political, they aren’t really about politicians failing to do anything. There has actually been plenty of climate action over the last couple of decades. So far, however, it’s largely failed.”
“We live in a world marked by severe disparities of wealth and power within and between countries, many of which are rooted in longer histories of colonialism and exploitation. These disparities have often allowed powerful companies in sectors like finance and energy to dictate the course of climate action. This has made it very difficult to pursue measures that might threaten their interests, but which would dramatically reduce emissions – like banning fossil fuel exploration.”