Our view
- We welcome efforts by the Executive to decouple economic growth from resource use and pollution as an important first step in decarbonising the economy. However, green growth characterised by infinite economic growth is not a credible long-term strategy for sustainability.
- Without strong economic reform, built around the principles of a sustainable economy rather than green growth, efficiency improvements will struggle to offset the scale and speed of economic growth.
- As well as delivering improvements in technology and efficiency, we also need to tackle consumption by reducing demand for energy, transport, land-use and consumables.
- Environmental costs should be built into market pricing, otherwise there will continue to be a tension between profit making and environmental protection.
- Growth of GDP should not be our primary measure of economic success as it fails to account for income inequality and pollution.