A low-carbon economy (LCE), low-fossil-fuel economy (LFFE) or decarbonised economy is an economy that has a minimal output of greenhouse gas (GHG) emissions into the environment biosphere, but specifically refers to the greenhouse gas carbon dioxide. GHG emissions due to anthropogenic (human) activity are increasingly either causing climate change (global warming) or making climate change worse. Scientists are concerned about the negative impacts of climate change on humanity in the foreseeable future.
Globally implemented LCEs are therefore proposed by those having drawn this conclusion, as a means to avoid catastrophic climate change, and as a precursor to the more advanced, zero-carbon society and renewable energy economy.
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“The basis of political economy is non-interference. The only safe rule is found in the self-adjusting meter of demand and supply. Do not legislate. Meddle, and you snap the sinews with your sumptuary laws.”
—Ralph Waldo Emerson (1803–1882)