Is Climate Stabilization Compatible with Economic Growth? The Cases of China and India

Chiara Piovani, Minqi Li

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Abstract

World capitalism is currently challenged by climate change, which is primarily
caused by the greenhouse gas emissions associated with fossil fuel consumption. To prevent
catastrophic environmental consequences threatening the survival of humanity, a fundamental
and immediate change in the capitalist commitment to economic growth is compulsory. This
article discusses the interplay between the rise of China and India in the world economy and the
climate emergency. It considers alternative growth scenarios for China and India. The results show
that next-to-zero growth will be required to achieve the emission reduction targets required to
mitigate the climate crisis. The traditional development models based on the intensive use of fossil
fuels are no longer sustainable, which clearly suggests that China and India need to revise their
development approach to avoid a global ecological collapse. Only a new development strategy
focused on social and environmental progress, rather than economic growth, can provide hope
for the future of humanity.
Original languageEnglish
Pages (from-to)477-494
Number of pages18
JournalWorld Review of Political Economy
Volume2
Issue number2
Publication statusPublished - 2011
Externally publishedYes

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economic growth
stabilization
fuel consumption
climate
capitalism
fossil fuel
greenhouse gas
climate change
world
development model
economy
environmental consequence
emission reduction

Keywords

  • climate stabilization
  • economic growth
  • development strategy
  • China
  • India

Cite this

Is Climate Stabilization Compatible with Economic Growth? The Cases of China and India. / Piovani, Chiara; Li, Minqi .

In: World Review of Political Economy, Vol. 2, No. 2, 2011, p. 477-494.

Research output: Contribution to journalArticle

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