Benjamin Khoshbin writes in Townhall that economic growth and environmental sustainability are compatible.
- A degrowth agenda, which is pursued by many environmental activists, prioritizes limiting prosperity and economic growth in order to lower emissions.
- Degrowth environmentalism hurts the poor, makes energy more expensive, and provides negligible climate benefits.
- Economic freedom on the other hand has helped raise billions of people out of poverty, increased global living standards, and has created innovations that have accelerated environmental progress.
- To make meaningful climate progress, policymakers should pursue solutions that are rooted in economic freedom.
“There is more than enough clean energy to power the world — let’s stop pretending that we have to regress as a species to save the environment. Pursuing a policy of clean energy abundance by incentivizing free market investment can enable us to continue decreasing emissions and lifting billions out of poverty.”
Read the full article here.