The debate of economic growth versus environment is central to our times and at the heart of the climate negotiations of COP27. Escalating climate events worldwide show that we are living on borrowed time
On October 28, ecological economist Herman Daly, a leading proponent of ‘sustainable development’ rather than ‘sustainable growth’ for over 50 years, passed away. According to Daly, sustainable development took into account the cost of pollution and environmental harm caused by economic growth, while sustainable growth did not.
Ten days after his death, on November 7, delegates to the 27th Conference of Parties (COP27) of the United Nations Framework for Climate Change (UNFCC) flew into the beautiful coastal resort of Sharm el-Sheikh, Egypt—famous for its coral reefs—in hundreds of polluting private jets. COP27 marks 30 years since the UNFCC was formed to protect us from the worst effects of climate change, brought about by pollution and environmental harm from breakneck economic growth.