The Conversation - 8 Feb 2018
The answer is no! The ecological economist explains that if everyone on Earth were to lead a good life within our planet’s sustainability limits, the level of resources used to meet basic needs would have to be reduced by a factor of two to six times. Worryingly, the more social thresholds that a country achieves, the more biophysical boundaries it tends to transgress. The logical conclusion: wealthy nations must move beyond the pursuit of GDP growth: it no longer improving people’s lives in these countries, but is pushing humanity ever closer towards environmental disaster (reads in 5-6 min).
Published in Weekly selection 16 February 2018
World Economic Forum - 18 Jan 2018
The need to go ‘beyond GDP’ in measuring economic progress and welfare is now well understood. The economist proposes to replace GDP with the measure of six kinds of capital (financial, human, physical, intangible, natural and social). The rationale is obvious: in terms of our wellbeing, human capital (education and skills), natural capital (clean air, green space, a healthy ecosystem), and social capital (a well-functioning community or nation) matter considerably more than the production of goods and services (reads in 4-5 min).
Published in Weekly selection 26 January 2018
World Economic Forum - 19 Jan 2018
Environmental issues dominate the list of the most urgent risks identified in this year’s WEF annual assessment of global risks. Environmental pollution is no longer just a global externality – to be dealt with by someone else at some other time. We are now internalizing environmental risks within our own bodies, often unwittingly and even in the richest countries in the world (reads in 5-7 min).
Published in Weekly selection 19 January 2018