To build a better world, stop chasing economic growth

Robert Costanza in Nature:

The past year has given many of us reason to pause. We are losing in a race to prevent planetary tipping points — the climate is changing faster than expected, and humanity has already breached six of the nine sustainable planetary boundaries (for biodiversity loss; climate, freshwater and land-system change; biogeochemical flows; and novel entities)1. Summer Antarctic sea ice shrank to its lowest recorded extent in 2023 (see go.nature.com/4f86req), a year that is on track to be the warmest on record (see go.nature.com/4f9ykdj).

People around the world recognize that life is not getting any better. As wars rage, runaway inequality and political polarization are eroding societies’ sense of cohesion. Eight individuals owned more than the poorest 50% of the world’s population, according to an Oxfam report in 20172. Levels of anxiety, depression and burnout are rocketing. Full-time employees are unable to pay rent and must turn to extra part-time work to make ends meet, while employers cut staff and increase workloads.

More here.