Would a Climate Mobilization destroy the economy?

To the contrary—the Climate Mobilization is our best shot at protecting the economy, along with civilization, from destruction.

American carbon-powered economy is currently stagnating due to daunting oil supply constraints related to the steeply decreasing energy return on investment for global oil production. The 2008 crisis was exacerbated, at the very least, by the rising cost of oil. Since the financial crash, millions of Americans have suffered from the devastating consequences of layoffs, stagnant wages and foreclosures. This process is almost certain to continue; the Organization for Economic Cooperation and Development has forecast a doubling in the price of crude oil by 2020—an event that would devastate the world economy.

A rapid, government-coordinated transition away from fossil fuels offers Americans a chance to actively and creatively transform the economy, while maintaining the climatic conditions to support human civilization. However, the transition will temporarily add to the disruptions in the economy.

The Climate Mobilization will create tens of millions of new jobs through direct hiring and public-private partnerships. This new hiring will greatly ease and enhance this economic transition. Americans involved in this historic initiative will work together to install renewable energy systems, transition and localize agriculture, construct public transit networks, conduct research, insulate homes, plant forests, manage wetlands and provide assistance to other national energy transitions abroad. The jobs created during the mobilization will boost the prospects of tens of millions of struggling Americans, at the very least. World War II demonstrates that structuring a massive labor mobilization through a combination of direct hiring and public-private partnerships can lead to widely-shared prosperity.

 

Be the first to comment

Please check your e-mail for a link to activate your account.