The devastating Australian wildfires have reinforced the impression that climate change is the world’s number one environmental issue. But the threat of peak oil is also still very real. Fracking is becoming more problematic and difficult to finance; public and private debt is multiplying; and thanks to Donald Trump, political instability threatens to spiral out of control. Gail Tverberg plausibly argues that because of these kinds of problems, we will soon face a recession much worse than the Great Recession — something like a near-term economic collapse.
Would economic collapse mean, at least, that we can relax about climate change, due to greatly reduced industrial activity? Gail Tverberg thinks so. “If the world economy is headed toward near-term collapse, climate change shrinks back in the list of things we should be worried about.” Continue reading “Would economic collapse solve our climate problems?”