International report: Rapid economic growth leads to costly destruction of nature
A new report out on February 2nd from the U.K. government framing the natural environment as “our most precious asset” says the world’s destruction of biodiversity has put economies at risk and that a fundamental restructuring of global consumption and production patterns is needed for humanity’s survival.
The 600-page review was commissioned by Britain’s Treasury and authored by Partha Dasgupta, Professor Emeritus of Economics at the University of Cambridge, who wrote that gross domestic product (GDP) is a faulty measure of sustainable economic growth.
O. al-Mohammad