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Can the world economy survive without fossil fuels? | Larry Elliott

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The past three centuries of progress have been powered by coal, oil and gas. Burning much of what’s left will lead to environmental and economic catastrophe. Here’s how to save the earth without giving up on growth

The final chapters of The Bone Clocks, David Mitchell’s 2014 novel, describe a future in which progress has gone into reverse. In 2043, the fossil fuel age is over: nuclear power stations ar e melting down, there is no access to the electricity grid and solar panels are so prized that they are looted. Catastrophic climate change has become a reality. Rising sea levels have caused floods on the New York City subway, killing thousands. Internet coverage is patchy, food and consumer goods are scarce, and life‑saving drugs such as insulin are hard to come by.

It is a dystopian vision that looks like a brutal, dangerous version of the past – one not at all like the future that was promised when the cold war ended with victory for the western capitalist model. If it comes to pass, it will be because, despite all the warnings, climate change has not been taken seriously enough.

In terms of reducing global poverty capitalism has been a success, but this growth has put pressure on the planet

Related: World cannot prosper without cutting carbon emissions, says Climate Group

The average sub-Saharan African consumes the same amount of energy in a month as the average Briton does in a day

Related: Richard Branson leads call to free global economy from carbon emissions

Related: Why the Guardian Media Group is getting out of fossil fuels | Neil Berkett

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