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.
Abel Fattah El-Sisi, president of COP27, says on the CoP27 website: “We are now able to better understand the science behind climate change, better assess its impacts, and better develop tools to address its causes and consequences.â€
However, in an impassioned opening speech, UN Secretary-General Antonio Guterres felt understanding the problem alone would be inadequate. “These UN conferences are a reminder that the answer is in our hands and the clock is ticking as we are in the fight of our lives. And we are losing.â€
Guterres’s speech was made in the backdrop of escalating climate events worldwide, including floods, droughts, wildfires across continents—from the US to Australia and India. Nevertheless, just 26 of 193 countries that agreed a year ago at COP26 to step up their climate actions have followed through with more ambitious plans to meet the ever-more urgent goals of slowing the world’s climate crisis.