Green Growth Council-member Lord Anthony Giddens is very much in favour of the idea of creating green growth – but says in this speech that he fears that the way forward is obstructed by lack of understanding of the mechanisms behind it.
”At lot of mistakes are being made at the moment by the people speaking about green growth”, says Lord Anthony Giddens, who is a member of the Green Growth Council. He points to four areas of inadequacy or mistakes in this speech, given during World Climate Solutions 2010, where Green Growth Economies was launched (see the videos below – the speech is divided into four parts).
Anthony Giddens argues, that we don’t really know as yet what a low carbon economy – the overall objective of green growth – will be like.
”Many people tend to write as if a low carbon economy will be like our existing economy, but with a load of wind power and a load of other forms of renewable energy built into it. This is quite ridiculous. A low carbon economy will be structurally different than a fossil fuel economy”.
Giddens believes that we lack an understanding of the macroeconomics of green growth and that we must develop this. Otherwise we cannot create a low carbon society. We must know what economy we are trying to insert our companies and our innovation into. He argues that there is too much focus on technology at present and that social, political and economic innovation is far more important.