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polycrisis
In 2024, global average temperatures breached the critical threshold of 1.5°C above pre-industrial levels — a tipping point long warned about by scientists. Instead of catalyzing swift global action, this milestone has only underscored a grim reality: the collapse of our global ecological and economic systems is not a distant possibility — it is unfolding before us. Climate change, combined with the many other dimensions of the polycrisis — resource depletion, biodiversity loss, political instability, and economic inequities — has created a perfect storm. This storm is not just brewing; it’s here.
A short definition of the polycrisis, including global environmental, geopolitical, and economic aspects.
The masses cry out for immediate solutions to long-term problems, inviting despots to lead them.
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.
