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Economic assumptions about risks of the climate crisis are no longer relevant, says the communications expert Genevieve Guenther

This brief introduces degrowth – intentional downscaling of the global economy to achieve ecological sustainability and social justice – for people working in environmental and social advocacy. It centers the question: “Has the economy outgrown the planet?” because global ecological limits have reshaped the conditions under which we pursue climate action, environmental justice, and many other pressing aims.

Despite mounting evidence of global warming’s costs, the Trump administration has made multiple moves to avoid tracking climate-related economics.

Now that the collapse of our political, economic, social and ecological systems is accelerating, the signs of this collapse, including scapegoating, corruption, and social disorder are becoming more obvious. This is the seventh of a series of articles on some of these signposts.

In this episode, I’m joined by ecologist Thomas Crowther to discuss the critical importance of biodiversity as an intricate web of life that supports all other living beings, not just through the sheer number of species, but because of the complexity of interactions within ecosystems. Thomas highlights the power of data in empowering individuals to make informed choices that positively impact nature, and the critical need to address inequality in order to foster ecological recovery.

A Dartmouth College research team came up with the estimated pollution caused by 111 companies, with more than half of the total dollar figure coming from 10 fossil fuel providers: Saudi Aramco, Gazprom, Chevron, ExxonMobil, BP, Shell, National Iranian Oil Co., Pemex, Coal India and the British Coal Corporation. For comparison, $28 trillion is a shade less than the sum of all goods and services produced in the United States last year.

A new report from U.K. actuaries and climate scientists "shows a 50% GDP contraction between 2070 and 2090 unless an alternative course is chartered," said the lead author.​

For years, climate scientists have warned us of rising temperatures, extreme weather, and ecological breakdown. Now, the very people who calculate financial risk—actuaries—are sounding the alarm. Their latest report projects a 50% collapse in global GDP within decades. That’s not a recession. That’s economic devastation on a scale we’ve never seen.

The economic damage wrought by climate change is six times worse than previously thought, with global heating set to shrink wealth at a rate consistent with the level of financial losses of a continuing permanent war, research has found. A 1C increase in global temperature leads to a 12% decline in world gross domestic product (GDP), the researchers found, a far higher estimate than that of previous analyses.

As Malm and Carton explain, if firm policies were put in place to “leave fossil fuels in the ground”, stranding the assets of fossil fuel companies, there would be “layer upon layer” of value destruction.

he global economy could face 50% loss in gross domestic product (GDP) between 2070 and 2090 from the catastrophic shocks of climate change unless immediate action by political leaders is taken to decarbonise and restore nature, according to a new report The stark warning from risk management experts the Institute and Faculty of Actuaries (IFoA) hugely increases the estimate of risk to global economic wellbeing from climate change impacts such as fires, flooding, droughts, temperature rises and nature breakdown.

Offsetting allows corporations to increase emissions, while getting credit for pseudo-reductions elsewhere

Lancet study finds 'green growth' policies fall far short of what's needed to prevent dangerous change…

Human activity is putting the Earth on a trajectory towards environmental collapse. The SDGs were adopted in2015 to reconcile human activity with planetary boundaries. So far, the SDGs have not lived up to their promise in European Union member states. Most EU countries have seen socioeconomic development alongside environmental degradation. Progress towards environmental sustainability only occurs in countries with slow or negative socioeconomic trends.

We face so many concurrent threats that commentators have argued that we now face an unprecedented "polycrisis" – where multiple interacting global crises produce greater harms to the planet and humanity than those crises would produce in isolation. The Wellbeing Economy Alliance has argued that the current economic design is at the root cause of this polycrisis, and with good reason.

For a small but growing network of countries, the world's go-to metric of economic health is no longer fit for purpose. Finland, Iceland, Scotland, Wales and New Zealand are all members of the Wellbeing Economy Governments partnership. The coalition, which is expected to expand in the coming months, aims to transform economies around the world to deliver shared well-being for people and the planet by 2040.

This full length briefing explains what Non-Economic Loss and Damage (NELD) is, why and how it happens, where it happens, who is most affected, and importantly how it can be addressed. Featuring case studies from both the Global North and South, the brief captures the latest thinking on NELD all in one place whilst acting as an accessible introduction for those new to the topic.

The fast fall of PG&E after California’s wildfires is a jolt for companies considering the uncertain risks of a warming planet

What kind of economic system is most conducive to human wellbeing? That question has come to define the current era, because, after 40 years of neoliberalism in the United States and other advanced economies, we know what doesn’t work.

As Nobel laureate Solow said to Congress when criticizingeconomicmodelsforfailingtoanticipatethe“GreatReces-sion,” “Every proposition has to pass a smell test: Does itreally make sense?” (2). The methods and conclusions inDietzetal.(1)donotmakesense. ...