Economic growth no longer means higher carbon emissions
As politicians gather in Egypt, a reason for optimism
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”
Finance & economics November 12th 2022
- The spectacular fall of FTX and Sam Bankman-Fried
- Economic growth no longer means higher carbon emissions
- Financial markets bet on an end to China’s “zero-covid” policy
- Are tech stocks now good value?
- Who wins from the unravelling of Sino-American trade?
- Interest rates have risen sharply. But is monetary policy truly tight?
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