THE POWER OF DOUGHNUT ECONOMICS

In 2017, economist Kate Raworth wrote a hit book laying out a path to a greener, more equal society based on sustainable living. Now she is on a mission to turn her ideas into meaningful change

- Hettie O'Brien

CONSIDER THE ELECTRIC CAR. Sleek and nearly silent, it is a good example of how far the world has progressed in fighting the climate crisis. Its carbon footprint is around three times smaller than its petrol equivalent, and unlike a regular car, it emits none of the greenhouse gases that warm the planet or noxious fumes that pollute the air. That's the good news. Then consider that the battery of an electric car uses 8kg of lithium, probably extracted from briny pools on South America's salt flats, a process that has been blamed for shrinking pasturelands and causing desertification.

The 14kg of cobalt that prevent the car's battery from overheating have probably come from the Democratic Republic of the Congo, where cobalt mines have contaminated water supplies and soil. As the demand for electric vehicles grows, the mining and refining of their components will intensify, further damaging natural ecosystems. By 2040, according to the International Energy Agency, the global demand for lithium will have increased more than fortyfold.

Electric cars improve on the status quo without transforming its rapacious use of resources. Subsidised by governments, they fit with the economic ideas that guide how policymakers think about reducing carbon emissions. According to "green growth", whose adherents include the World Bank and the White House, so long as the right policies are in place, societies will be able to enjoy endless growth while reducing their carbon footprint. Growth is supposed to raise people's wages and provide governments with an income that can be invested into public services. To proponents of green growth, innovations such as electric cars will "decouple" growth from carbon emissions and allow humans to live a life of plenty within the planet's limits.