this post was submitted on 29 Aug 2024
511 points (97.9% liked)
Degrowth
776 readers
5 users here now
Discussions about degrowth and all sorts of related topics. This includes UBI, economic democracy, the economics of green technologies, enviromental legislation and many more intressting economic topics.
founded 1 year ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
Probably going to get downvoted to shit for this.
Achieving the UN SDG (that we are failing miserably at) would create around 12 Trillion in market growth over the next 7 years.
Its not just an economic problem.
Actually not at all. 12 Trillion over 7 years means 1.7Trillion added to global annual GDP. The global economy has a GDP of a bit over 100 Trillion. So we are talking adding 1.7% growth and then stagnation. For the most part global GDP has grown by about 3%. So we are talking a low year in terms of GDP growth and then no growth at all.
As for the UN SDG part of them is to meet the most basic material needs of everybody. When poor people get money, they spend it. That is just logical, when you need food and have money, buying food makes perfect sense. At the same time better education also helps the economy a lot. Long term that would stop global population growth a lot faster and be a net positive the everybody. The other part is that renewables require a lot of investment as well, which also naturally grows GDP.
Sorry, can't tell if you're agreeing with me or not
Do you have any evidence of this I'd love to read something like this. It would prove that it's quite possible to have a stable economy while fighting climate change we just have dragons hoarding all the wealth to do it.
I can get that for you - reference from my sustainability lecturer so will need to go dig through my references.
Its worth noting however that this if the growth for all 17 goals combined - climate change is just a small part of that.