The lie of limitless economic progress

It is well understood that water is not only essential for survival but is also a vital ingredient that enables economies to flourish. As the UN observes: “Water is at the core of sustainable development and is critical for socioeconomic development.” Any collapse in water supply in Gauteng, which is responsible for a third of South Africa’s GDP, would have a tremendously negative impact on “development”.

This threatens South Africa’s ability to meet its GHG emission targets, but also potentially threatens development as it increases the likelihood that South Africa’s exports will fall foul of carbon taxes on imports, currently being seriously considered both by the EU and the US. While it is clear from a record of decisions that some officials in the department of minerals and energy understood this and recommended against the mine, they were overridden by more senior officials.

The systemic problems with the current growth-focused economy were pointed out by the Club of Rome in their seminalin 1972.

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