Degrowth - the idea that a finite planet cannot sustain ever-increasing consumption - is about the closest you can get to a heresy in economics, where growth is widely held as the best route to prosperity.
But, as climate change accelerates and supply chain disruptions offer rich-world consumers an unaccustomed taste of scarcity, the theory is becoming less taboo and some have started to ponder what a degrowth world might look like.
Controversial from the start, that simulation has been attacked as flawed by some and applauded by others as uncannily prescient in its prediction of accelerating planetary stress. "Would Zoom for example ever want to be called a degrowth stock? I doubt it. But I can certainly see how a world that uses more web-conferencing ... means less travel, which is a very high-carbon-intensive way of transportation," said Shah.
"It's about delivering what is needed in terms of meeting human needs, within planetary boundaries. And current ESG investors don't really understand planetary boundaries," she said, adding their focus remained "what impacts the business".
Österreich Neuesten Nachrichten, Österreich Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Is Earth getting closer to the sun, or farther away?And will this change in distance affect our planet's climate?
Weiterlesen »
Personal behavior — even Taylor Swift's — is a minor part of climate changeSlashing emissions enough to meet Paris agreement goals would require deep, systemic policy changes.
Weiterlesen »
Destructive rain in Death Valley and flooded Vegas casinos mark a summer of extreme weatherAs Death Valley dries off from near record rains, some see the fingerprints of climate change
Weiterlesen »
Editorial: In this scorching summer, climate deal offers future promiseThis agreement asserts U.S. leadership in the global effort to mitigate climate change,...
Weiterlesen »
We Are Not Freaking Out Enough About Climate ChangeA new paper argues that the worst-case scenarios of climate catastrophe are little explored—and we need to be prepared.
Weiterlesen »
China halts US conversations on crucial issues in response to Pelosi Taiwan tripChina has halted dialogue with the United States on several areas including climate change and the military in retaliation for House Speaker Nancy Pelosi’s visit to Taiwan earlier this week.
Weiterlesen »