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Growth vs. Planet: Can We Have Both?
26 Feb
Summary
- Global GDP and living standards rose significantly since the 1960s.
- Rising carbon emissions accompany economic growth, posing climate risks.
- Two economists propose alternative economic strategies: green growth and degrowth.
Since the 1960s, the world has witnessed unprecedented growth in global GDP and living standards. This economic expansion, however, has been paralleled by a significant increase in carbon emissions, raising critical questions about sustainable development.
Scientists and economists are debating whether economic progress can be decoupled from environmental degradation. As the climate crisis intensifies, finding a solution becomes increasingly urgent. This discussion highlights two distinct economic philosophies.
Professor Nick Stern of the London School of Economics supports 'green growth.' This approach aims to foster economic expansion while prioritizing the development of green industries and minimizing environmental impact.
In contrast, Professor Jason Hickel, an economist at the Autonomous University of Barcelona, advocates for 'degrowth.' This strategy involves shrinking specific sectors of the economy that do not contribute to social and ecological well-being.
