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ExplainedEconomics

The Idea of a Carbon Debt

Ars Technica argues that we now have better ways to power economic growth—ways that are less environmentally damaging now and won't leave our descendants with a carbon debt that will be difficult to manage. The phrase captures an intergenerational accounting problem: the benefits of fossil-fueled growth arrive early, while some liabilities are deferred.

Based on publisher excerpts

Ars Technica ↗The 2008 economic crisis changed the US's relationship with energy