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Series | The Need for a New Economic System, Part 3: Climate Change and the Urgent Need for Renewable Energy

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In the future, the only way that we can avoid economic collapse is to build a steady-state economy. There exists much literature on how this can be achieved, and these writings ought to become a part of the education of all economists and politicians.

John Scales Avery, Countercurrents.org

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http://ecx.images-amazon.com/images/I/31VZKSO24bL._SX351_BO1,204,203,200_.jpg 05 August, 2015 | One of the greatest threats to the survival of the human species and the biosphere is catastrophic climate change. Scientists warn that if the transition to renewable energy does not happen within very few decades, there is a danger that we will reach a tipping point beyond which feedback loops, such as the albedo effect and the methane hydrate feedback loop, will take over and produce an out-of-control and fatal increase in global temperature.

In 2012, the World Bank issued a report warning that without quick action to curb CO2 emissions, global warming is likely to reach 4 degrees C during the 21st century. This is dangerously close to the temperature which initiated the Permian-Triassic extinction event: 6 degrees C above normal. During the Permian-Triassic extinction event, which occurred 252 million years ago, 96% of all marine species were wiped out, as well as 70% of all terrestrial vertebrates.

John Scales Avery is a theoretical chemist noted for his research publications in quantum chemistry, thermodynamics, evolution, and history of science. Since the early 1990s, Avery has been an active World peace activist. 

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Related:

Series | The Need for a New Economic System, Part 2: Entropy and Economics 

We urgently need to shift quickly from fossil fuels to renewable energy if we are to avoid a tipping point after which human efforts to avoid catastrophic climate change will be futile because feedback loops will have taken over. 

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Series | The Need for a New Economic System, Part 1: Limits to Economic Growth

It is obvious that on a finite Earth, neither population growth nor economic growth can continue indefinitely.