Net-Zero Paradigm in Capitalist Economy: A Critical Assessment
Net-Zero Paradigm in Capitalist Economy: A Critical Assessment

Summary/Abstract: Sustainability, green economy, ESG (environmental – social – governance) are the terms used interchangeably. They all represent an economy that enjoys sustainable growth and profitability while staying in line with ecological concerns. To reach the state of a sustainable profit, one of the most important achievements is decarbonisation according to the proponents of capitalism. As such, one of the most common paradigms for decarbonizing the planet is net zero -net zero greenhouse gas (GHG) emission-. Advocates of the sustainable economy claim that this goal can be reached by 2050. This article first discusses the net-zero paradigm and then provides a critique that emphasizes the antagonism between the two, i.e., between net-zero and capitalist economy and concludes that net-zero paradigm contradicts the very essence of the capital: profit and growth.

• Details
• Contents