Michael
michaelfardos.bsky.social
Michael
@michaelfardos.bsky.social
Activist.Academic.Anti-capitalist.climate justice.
Reposted by Michael
6- Despite efforts to chart a course towards a sustainable future, there are inherent physical constraints that cannot be ignored. Our world operates according to fundamental laws of physics, and any attempt to divorce society from these natural laws .....
m.youtube.com/watch?v=Ip5l...
The physical limits to economic growth
YouTube video by Economic Growth and Collapse
m.youtube.com
February 16, 2025 at 6:24 PM
6- Despite efforts to chart a course towards a sustainable future, there are inherent physical constraints that cannot be ignored. Our world operates according to fundamental laws of physics, and any attempt to divorce society from these natural laws .....
m.youtube.com/watch?v=Ip5l...
The physical limits to economic growth
YouTube video by Economic Growth and Collapse
m.youtube.com
February 16, 2025 at 6:24 PM
5-the lion’s share of the energy powering our civilisation goes toward maintaining the systems we already have in place. But growth isn’t just an option—it’s a necessity. Without it, the survival of our civilisation hangs in the balance.
February 16, 2025 at 6:20 PM
4-The 6.4% reduction in CO2 emissions corresponded to a 3.1% reduction in global GDP. This suggests an approximate elasticity of emissions to GDP of around 2.1 (i.e., a 1% drop in GDP led to a 2.1% drop in emissions).
February 16, 2025 at 6:19 PM
3-This was the worst global recession since the Great Depression of the 1930s.Advanced economies experienced a sharper decline (e.g., Eurozone: -6.4%, U.S.: -3.4%), while some emerging markets were less affected (e.g., China grew by 2.3%).
February 16, 2025 at 6:19 PM
2- Total global CO2 emissions fell from about 36.7 billion metric tons in 2019 to 34.3 billion metric tons in 2020.
According to the International Monetary Fund (IMF), global GDP contracted by approximately 3.1% in 2020
February 16, 2025 at 6:18 PM
Reposted by Michael
The basis is non-equilibrium thermodynamics, which may sound daunting, but these concepts underlie our lives. I think the animations led by Michael Fardos really help develop an intuitive understanding of economic growth and decline. I hope you enjoy
www.youtube.com/channel/UCA6...
Economic Growth and Collapse
www.youtube.com
December 18, 2024 at 7:09 PM
Reposted by Michael
Key topics covered by the channel include efficiency, innovation, climate change, climate damages, energy and raw material resources, consumption, depletion, pollution, GDP growth, and economic inflation
December 18, 2024 at 7:09 PM