About: Prosperity Without Growth

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Prosperity Without Growth? is the culmination of a two year programme of work examining what prosperity might entail in a sustainable context. Contributors to the project include eminent economists and academics including Herman Daly, Paul Ekins, Kate Soper, Ziauddin Sardar and Tim Kasser. The report shows that economic growth has delivered its benefits at best unequally, with a fifth of the world’s population earning just 2% of global income. Even in developed countries, huge gaps remain in wealth and well-being between rich and poor.

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rdfs:label	Prosperity Without Growth
rdfs:comment	Prosperity Without Growth? is the culmination of a two year programme of work examining what prosperity might entail in a sustainable context. Contributors to the project include eminent economists and academics including Herman Daly, Paul Ekins, Kate Soper, Ziauddin Sardar and Tim Kasser. The report shows that economic growth has delivered its benefits at best unequally, with a fifth of the world’s population earning just 2% of global income. Even in developed countries, huge gaps remain in wealth and well-being between rich and poor.
sameAs	dbr:Prosperity_Without_Growth
dcterms:subject	Low carbon future
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abstract	Prosperity Without Growth? is the culmination of a two year programme of work examining what prosperity might entail in a sustainable context. Contributors to the project include eminent economists and academics including Herman Daly, Paul Ekins, Kate Soper, Ziauddin Sardar and Tim Kasser. Prosperity Without Growth? says that the current global recession should be the occasion to forge a new economic system equipped to avoid the shocks and negative impacts associated with our reliance on growth. Ahead of the G20 Summit in London this week, the report calls on leaders to adopt a 12-step plan to make the transition to a fair, sustainable, low-carbon economy. Prosperity Without Growth? finds that our current financial crisis is directly linked to our pursuit of growth. Our reliance on debt to finance the cycle of growth has created a deeply unstable system which has made individuals, families and communities inherently vulnerable to cycles of boom and bust, while increasing consumption does not make us happier. The report shows that economic growth has delivered its benefits at best unequally, with a fifth of the world’s population earning just 2% of global income. Even in developed countries, huge gaps remain in wealth and well-being between rich and poor. The pursuit of growth has also had disastrous environmental consequences. In the last quarter of a century, while the global economy has doubled, the increase in resource consumption has degraded an estimated 60% of the world's ecosystems and led to the threat of catastrophic climate change. The global economy is already almost 5 times larger than it was 50 years ago. If it were to continue to grow at the same rate, it would be 80 times larger by the end of this century. While modernising production and redesigning goods and services have led to greater resource and energy efficiency in recent decades, the report finds that aspirations for 'decoupling' environmental impacts from economic growth are unrealistic. Even based on a moderate level of growth of 2% per year, meeting 2050 carbon reduction targets would mean achieving a carbon content of no more than 6gCO2 for each dollar spent - a staggering 130 times lower than the average carbon intensity today.

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