Rethinking Economic Growth in the Context of Climate Crisis

The concept of perpetual economic growth, which has been deeply ingrained in our institutions and thinking, is being challenged due to its connection with rising greenhouse gas emissions. The focus on growth at all costs has led to overconsumption of resources and an increase in social and ecological crises. Alternative economic models such as post-growth or de-growth are emerging, advocating for a reduction in economic growth in certain areas to address climate change and achieve sustainability. These models aim to prioritize well-being, equity, and prosperity while living within planetary boundaries. They emphasize the need for systemic changes, redistribution of wealth, and a shift in focus towards essential human needs rather than endless consumption. While there may be debates and differing interpretations of these models, there is agreement on the urgent need for the transition to a more sustainable and equitable economy.