Climate One At The Commonwealth Club

The Great Disruption Paul Gilding, Professor, Cambridge University Program for Sustainability Leadership Richard Heinberg, Senior Fellow, Post Carbon Institute Growth as we’ve known it is over, say Paul Gilding and Richard Heinberg. “The idea that we can keep on growing the economy up against the physical limits of the Earth” – water, oil, and land – “is not physically possible,” says Gilding, author, The Great Disruption. “We’re in a trap really. If we grow the economy, then we’ll hit those limits again. Prices will go up. Oil prices will go up. Food prices will go up. And the economy will go down,” he says. “If we don’t grow the economy, we’re going to drown in debt. We’re going to take a while to find our way out of this morass that we’ve dug ourselves into.” Richard Heinberg, author, The End of Growth, has written that it took decades for nominal GDP to recover after the Great Depression. But the fallout of the Great Recession, he says, will be much worse. “I don’t think we’ll ever see growth the way we e