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Science Weekly

Cop27: Is it time to rethink endless economic growth?

Science Weekly

The Guardian

Science

4.21K Ratings

🗓️ 9 November 2022

⏱️ 15 minutes

🧾️ Download transcript

Summary

A key goal of governments around the world is economic growth – continually increasing production and consumption to keep GDP rising. But can our economies grow on a rapidly warming planet with finite resources? According to a recent UN report, the only way left to limit the worst impacts of the climate crisis is a “rapid transformation of societies”. In our third Cop27 special, Ian Sample speaks to ecological economist Tim Jackson about the myth of eternal growth, other ways to think about progress and prosperity, and what an economic system in balance with our planetary system might look like. Help support our independent journalism at theguardian.com/sciencepod

Transcript

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0:00.0

This is the Guardian. if I'm a writer and broadcaster and I spend way too much time online. But now those years of

0:15.6

scrolling are finally paying off because I'm hosting the Guardian's new pop culture

0:20.7

podcast. In each episode I'm going to get under the skin of the week's biggest stories.

0:26.0

If you love pop culture, I want to get into how it's shaping and impacting our lives, then

0:30.0

you should join me every Thursday, launching on the 3rd of November,

0:34.0

listen wherever you get your podcast.

0:36.6

Bye! Politicians from all sides are always telling us that it's a good thing.

0:48.8

Labour will fight the next election on economic growth. I have three priorities for our economy.

0:55.1

Growth, growth and growth. Growth,

0:59.7

growth, measured by our ever increasing gross domestic product, the monetary value of all the goods and services a country produces and sells.

1:12.0

To grow we have to produce more, do more, but is it really

1:17.0

possible to keep growing forever?

1:20.0

We are in the beginning of a mass extinction and all you can talk about is money and

1:26.3

fairy tales of eternal economic growth.

1:30.0

How dare you? We're already exceeding our planetary boundaries, burning too much coal and gas over fishing, covering

1:40.4

the earth in plastic waste. Yesterday was Finance Day at COP27.

1:45.0

So today we're asking,

1:48.0

do we need to rethink our endless pursuit of economic growth

1:52.0

and instead pursue a more radical goal of

1:54.8

ditching growth altogether and putting the planet in its inhabitants first.

1:58.8

From the Guardian I'm in, and this is Science Weekly.

2:05.0

Professor Tim Jackson, you're the director of the Center for the Understanding of Sustainable Prosperity at the University of Surrey.

...

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