A demonstration against the Spanish oil company Repsol in Lima (ERNESTO BENAVIDES/AFP via Getty Images)

If religion was the opium of the masses in the days of Karl Marx, then today’s drug is the cult of green capitalism. The West has been fooled into thinking that a combination of futuristic green technologies and green growth will save humanity from the climate crisis. As long as we eat our broccoli stalks and refuse plastic bags, we can continue to turn a blind eye to the truth: that the root cause of climate change is capitalism, and that our current way of life will not only lead to ecological collapse, but in doing so exploit the labour and land of the impoverished Global South.
And yet, rather than wake up to the fact that green capitalism is a myth, Western leaders are doubling down on their commitments to green growth. From President Joe Biden to former Greek finance minister Yanis Varoufakis and British Labour leader Keir Starmer, public figures in both Europe and the United States have succumbed to the siren call of a Green New Deal: a miraculous renewable energy and electric car investment programme that will supposedly spur a transition to a sustainable green economy.
The problem is that even the most radical Green New Deal will never achieve its aims. After all, a green revolution will require not just a transition to electric vehicles, hydrogen planes and renewable energy, but a complete overhaul of our material world. Every single resource we depend on — from agricultural machinery and chemical fertilisers to iron and cement for construction — will have to be replaced by a newer, greener version. And so any feasible Green New Deal will only reduce carbon dioxide emissions relative to GDP, not absolutely, before 2050. In other words, carbon dioxide levels will continue rising, albeit at a slower rate.
The vision of a Green New Deal is alluring, however, partly because it allows us to continue our consumerist frenzy without worrying about the environment — all we need to do to relieve our guilt is buy a Tesla — and partly because it has been hailed as a silver-bullet solution to economic inequality. The dream is that a green transition will create more stable, better-paid jobs for the working class, especially in the former industrial heartlands of America and Europe. Yet the world’s poorest will pay the price for a Western jobs boom. Already, the world’s richest 10% — mostly in the Global North — are responsible for half of worldwide emissions, though the poorer half will be the first to suffer from the effects of climate change. A Green New Deal will shift even more of the burden to the Global South. It is hardly a desirable solution to global poverty.
Take electric vehicles, for instance. Their lithium-ion batteries are made from rare metals found in the Atacama Salt Flats of Chile. Yet lithium extraction is highly water intensive: a single corporation can extract 1,700 litres of groundwater per second. This is already taking a toll on the nation’s ecology, with locals unable to access fresh drinking water. Another crucial metal is cobalt, of which almost 60% of the world’s supply is mined in the Democratic Republic of Congo, one of the poorest nations in Africa. There are around 40,000 children working informally in Congolese cobalt mines, some as young as six or seven, a number of whom have been buried alive in the tunnels. But as long as such neocolonial exploits remain out of sight in the West, they are out of mind too: Western nations continue to plunder the Global South under the guise of making capitalism sustainable.
Some techno-optimists believe that fantastical, still-to-be-invented carbon capture technologies will solve the problem of climate change. Yet these Negative Emissions Technologies (NET) could inflict even more damage on the environment and the Global South. The leading model, Bio-Energy with Carbon Capture and Storage (BECCS), would require farmland twice the size of India to produce enough biomass energy to keep carbon emissions down. Will we steal this land from the Indians or Brazilians who need it to cultivate food? Or will we simply slash down more of the Amazon rainforest? Meanwhile, the technology would also require an enormous amount of water: 400 million metric tonnes of it, in fact, to produce enough electricity to power the US for a year. And even if that’s possible, there’s a high chance that carbon dioxide stored beneath the Earth’s surface will end up seeping back out. By then, it will be too late to think up a better solution.
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