Critical Comparison of “Green Growth” and “Carbon Footprint” Theories: Analysis of Low-Carbon Innovations Implementation Practice as a Tool for Climate Stabilization

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    • Presentation speakers
      • Oleksiy Saavkevych, Donetsk National University, Ukraine
      • Mykola Shestavin, Donetsk National University, Ukraine
      • Svitlana Bespalova, Donetsk National University, Ukraine
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    Comparing the results of implementation in different countries of “green growth” and “carbon footprint” theories shows the validity of the conclusions put forward in the almost forgotten report by the Club of Rome “Limits to Growth”. Modern development of the economy, energy sector and environment is based on the conclusions stated in the report by Nicholas Stern “The Economics of Climate Change” and the research conducted by McKinsey & Company, who propose a switch towards the “green” economy through implementation of low-carbon technologies in all spheres of human activity. These technologies can provide sustainable economic growth, but in case of their large-scale implementation in the countries of the world the problem is that they do not actually take account of “carbon and ecological footprint” at all the production stages – from manufacturing to exploitation. Some case studies of implementation of renewable energy technologies and the technologies for carbon capture and storage (CCS) are used to demonstrate a contradiction between economic growth and environmental (climatic) consequences of their implementation. It is proposed to switch to open innovation principles in order to involve the whole mankind into solving the issues of climate stabilization. The necessity of returning to the paradigm of “limits to growth in all spheres of human activity” as an alternative way of human development is substantiated.