Subsidising waste, pollution, and climate change

The United Nations Environment Programme (UNEP) has reported on investment in “green” sectors. They believe that this would produce high growth, decoupled from intensive consumption. I doubt if we will ever decouple high growth from intensive consumption because the “green” sector simply replaces one thing we are buying with another thing, rather than turning out consumer desirables for consumption. However, two things stand out from the report of which I was not previously specifically aware, but of which I held suspicions. Continue reading