Green Domestic Product?

Excitement crackled through the environmental movement when China’s National Energy Administration announced last month that the country will spend at least $360 billion on green energy through 2020. Green elites are now toasting the communist country: While President Trump threatens to end costly climate policies, Chinese President Xi Jinping promises his nation will continue to fight climate change.

From their ivory towers, nearly 240 academics have declared that economic growth is bad for Europe and the planet. In two months, they and global supporters of the “no-growth economy” have held conferences in Mexico City, Malmö, and Brussels.

Their efforts herald a return to an earlier, thoroughly debunked form of alarmist environmentalism that is detached from reality and disdainful of billions of the world’s people.

The campaigners claim we must stop economic growth because the planet is crossing environmental boundaries, and inequality between humans is increasing.