Ignacy SACHS - January 2006
Background Paper for UNCTAD’s Report on Least Developed Countries.
The early seventies of the past century where marked by an environmental revolution in people’s minds. It was prompted by the realization of the finiteness of the Planet Earth and of the staggering environmental disruption caused by rapid economic growth on account of careless technologies, predatory use of natural resources and excessive reliance on fossil fuels.
More than thirty years later – and three world conferences on environment and sustainable development held in Stockholm, Rio de Janeiro and Johannesburg – the gap between environmental rhetoric and disruptive economic growth is widening. Yet, future historians of our ages may recognize 2005 as a turning point in public awareness insofar as it signals the beginning of the oil endgame . Where more than three decades of environmental predication failed, the hike in oil prices succeeded. Gradual phasing out of oil consumption and its substitution by biofuels, side by side with the search for greater energy efficiency, have been put on the agenda of the development debate.
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