Forget GDP growth — greater economic democracy is the main ingredient for a sustainable net zero world

Fernanda Balata writes for Business Green

Fernanda Balata argued in Business Green that the UN Sustainable Development Goal 8 (promote sustained, inclusive and sustainable economic growth, full and productive employment and decent work) focuses too much on increasing GDP growth which is neither desirable nor sustainable. 

As UN member states meet this month to review the 2030 Agenda for Sustainable Development, they should propose a reframing of SDG8 in light of the urgent just climate transition challenge. Rather than promoting and simply measuring growth in GDP, member states should be supported to prioritise increasing levels of economic democracy and the spreading of decision-making powers across the economy, including throughout businesses.”

Read the full piece 

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