Urgent Transformations Needed to Ensure Basic Standard of Living for All

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Urgent Transformations Needed to Ensure Basic Standard of Living for All
Climate ChangeInequalitySustainability
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A new report from the Earth Commission warns that dramatic changes are needed in economic systems and technologies to ensure everyone can maintain even a basic standard of living in the future. The report highlights the shrinking 'Safe and Just Space' – the minimum necessary resources for human well-being – driven by inequality and overconsumption.

Our planet will only remain able to provide even the most basic standard of living for everyone in the future if economic systems and technologies are dramatically transformed and critical resources are more fairly used, managed and shared, a new report shows.

The new work found that inequalities and overconsumption of finite resources by a minority are key drivers of this shrinking. Providing minimum resources for those who don't currently have enough would add much less pressure on the Earth system than that currently caused by the minority who use far greater resources.

To reach this space, the paper calls for change in three areas. Firstly, a push for changes to how we run the economy, finding new policies and funding mechanisms that can address inequality whilst reducing pressure on nature and climate. Secondly, more efficient and effective management, sharing and usage of resources at every level of society -- including addressing the excess consumption of some communities which is limiting access to basic resources for those who need them the most.

The 1972 book 'The Limits to Growth' shared a somber message for humanity: the Earth's resources are finite and probably cannot support current rates of economic and population growth ...

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