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Since the 1960s, global GDP has been rapidly rising and living standards have reached record highs. But something else has been rocketing up too – carbon emissions. For years, scientists and economists have been asking: is it possible to grow without heating and polluting the Earth? And as the climate becomes more unstable, the issue is only becoming more urgent. Madeleine Finlay hears from two economists arguing for a change in how we measure a country’s success. Nick Stern is professor of economics and government at the London School of Economics and an advocate of green growth, an approach to growth that prioritises green industry. Jason Hickel is a political economist and professor at the Autonomous University of Barcelona who advocates degrowth, shrinking parts of the economy that do not advance our social and ecological goals.
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"If our generation, uses the seabed for storing carbon that we shouldn't have emitted in the first place, then the generations coming after us won't be able to use the seabed to store their emissions."