Not Just Newer, but Fewer: A Bridge Between Ecomodernism and Degrowth?

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Abstract

One of the defining features of degrowth’s ascent in the literature in recentyears is its opposition to ecomodernism. The point of contention between these ap-proaches centres around the desirability for the economy to grow ad finitum. In thischapter, I offer a site of reconciliation between degrowth and ecomodernism by pro-posing theNewer but Fewer (NBF) principlewherein degrowing the economy is con-tingent upon superseding carbon intensive technology with low carbon alternativesat a lower ratio than of its predecessors to ensure a planned reduction in aggregateeconomic activity. Within this view of degrowth, I present three potential challengesthat may be encountered in the transition away from capitalism’s current growth de-pendency, namely: (i) greenflation–inflationary pressures centred around environ-mental policies but also how degrowth is a means to circumvent the fossilflationgripping the global economy, (ii) green finance–in which the issuance of maturity ofgreen debt will be affected by degrowing the economy and (iii) climate justice–inso-far that the previous two challenges will have profound implications for the capacityof Global North and the Global South to begin degrowing their economies
Original languageEnglish
Title of host publicationDe Gruyter Handbook of Degrowth
EditorsLauren Eastwood, Kai Heron
Place of PublicationBerlin
PublisherDe Gruyter
Chapter20
Pages377-393
Number of pages17
ISBN (Electronic)9783110778359, 9783110778472
ISBN (Print)9783110778038
DOIs
Publication statusPublished - 2024

Publication series

NameDe Gruyter Handbooks in Business, Economics and Finance
PublisherDe Gruyter
ISSN (Electronic)2748-016X

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