Opportunity for transformational change and climate protection

Today f/e jumps on the bandwagon of  http://www.blogactionday.org/ for Climate Change:

Opportunity for transformational change and climate protection

At the same time, this crisis of the “old” is an opportunity for the “new” to emerge. This is an opportunity that needs to be sized and should not go to waste. Joseph Schumpeter has referred to this kind of paradigm-changing transformations as “gales of creative destruction”. (**see footnote) As old technoeconomic and institutional development paths saturates, the chances for fundamentally new development paths to emerge and eventually diffuse are more likely. Decarbonization of the global economy toward a carbon-free energy future is and example of such a paradigm-changing transformation. It appears to be a must, given the ever more threatening manifestations of global climate change. As mentioned, the unequivocal message of the IPCC Fourth Assessment Report is that climate change is accelerating and is almost certainly largely man-made. The adverse effects of the climate change can already be felt. The changes in average temperature are not a primary concern, but rather increasing climatic variation in climate patterns. Regions traditionally suitable for settlements and agriculture might not longer be so due to changing precipitation patterns, hydrology and ecosystems. Determined action from the international community is required to promote innovation and technological developments for climate protection. This is a major planetary urgency.

** Schumpeter, J.A., 1942: Capitalism, Socialism and Democracy, Harper & Brothers, New York, NY, USA.
The notionthat gales of creative destruction lead to the emergence of the new is particularly challenging in the context of rescue and stimulus strategies to counter the economic slowdown because the majority focuses on supporting the old with the inherent risk of postponing the structural change toward the new thus deepening the crisis.

Nebojsa Nakicenovic “How Much Technological Change, Research and Development is Enough?” (pdf) from the Second Conference and Conference Volume on The Economics of Technologies to Combat Global Warming.

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