Green Growth - an oxymoron?
In December 2009, the 15th Annual UN Climate Change Conference ended without a globally binding agreement to reduce greenhouse gas emissions. The outcomes from the 2010 talks in Cancún were equally non-committing, and not too much is expected from the 2011 summit in Durban. Among the reasons for these failures were concerns of emerging nations such as India and China that limits on carbon-dioxide emissions would impair their ability to further grow their economies. Given the evidence we outline below, they probably have a valid point.
In July 2011, IIER concluded a report sponsored by the U.K. Department for International Development (DFID), which looked at the question as to whether it will be possible for emerging economies to simultaneously go green and still grow economically. Our answer, which also applies to advanced societies, is that the traditional path of urbanizing and industrializing is most likely incompatible with the reduction of carbon emissions, as long as economies don't find someone else to do the "dirty" part of the work.(Jul 31, 2011)