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Adam Tooze

Chartbook Newsletter #24: Climate, carbon and class

The climate crisis is a political economy problem. This is all too obvious on the “production side”. Entrenched fossil fuel interests have long been the nemesis of the climate movement. But it is also true on the “consumption” side. Social hierarchy, inequality and class structure shape the way that we use fossil fuels. They will also shape the energy transition.

This aspect of the climate crisis was somewhat obscured by the way in which the problem of climate justice was framed in the first phase of global climate politics in the 1990s. For all-too obvious reasons attention was initially focused on the huge gulf in emissions between the rich countries and the developing world. The key variables were national CO2 emissions per capita and the accumulated emissions of the global North, which at that point were overwhelmingly the main drivers of global heating.

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