Finance & economics | Unconscious decoupling

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A boy jumps into the 'Werksschwimmbad' swimming pool at Zeche Zollverein on July, 26, 2019 in Essen, western Germany. - The swimming pool is a work of art by the Frankfurt artists Dirk Paschke and Daniel Milohnic, who designed the pool in 2001 as part of the art project 'Contemporary Art and Criticism'. (Photo by Ina FASSBENDER / AFP) (Photo by INA FASSBENDER/AFP via Getty Images)
|Coalbrookdale and Sharm El-Sheikh

If anywhere can claim to be the birthplace of the Industrial Revolution it is Coalbrookdale, a pretty village in England’s West Midlands. In 1709 Abraham Darby, a local merchant, leased a foundry and fed the furnace with coking coal, rather than charcoal made from wood. The use of the fossil fuel meant he could make pig iron much more cheaply, and cast it into pots, pans and cauldrons for cooking—the kind of low-cost manufactured goods that would, over the next three centuries, produce an unprecedented rise in living standards across the world.

This article appeared in the Finance & economics section of the print edition under the headline “Green light”

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