Please wait while the transcript is being prepared...
0:00
Economic growth on a regional, national, or even the international level is very much at odds with the essence of sustainable development. We have sustainability, and we have economic growth, and never the twain shall meet, at least not for Global North countries. Therefore, in my view, green growth or sustainable growth, or however you want to call it, are essentially oxymoronic concepts and that is why we need a degrowth economy. Please let me explain why. By the way, my name is Egbert Dommerholt. I am professor bio-based business valorization or circular economy at the Hanze University of Applied Sciences, Groningen in the Netherlands.
0:45
Before we continue, I would like to emphasize that this talk is the first of a series of three. In this talk, I will focus on why we need to degrowth. The next talk will accentuate the role of business in taking moral responsibility, in moving towards a degrowth economy. In the final talk, we will work towards a degrowth business model.
1:11
I would like to start my line of argumentation with the sustainable development notion. As you probably know, sustainable development is a development which meets the needs of the present, without compromising the ability of future generations to meet their own needs. That is how sustainable development was defined by the World Commission on Economic Development back in 1987. This notion clearly has two perspectives, now and in the future or intergenerational perspective, and here and there or an intragenerational perspective. For example, the global North South divide. Usually, sustainable development is about three interrelated principles or dimensions. Each dimension has a qualitative and quantitative component. The first is the social dimension. The qualitative dimension includes, for example, income and gender equality, plus the quantitative component could be about population size, and population growth. The second is the ecological dimension, where protection of the environment has a more qualitative focus, whilst resource consumption, and depletion are more quantity oriented. Third is the economic dimension, and the qualitative aspect here could be dignity. Workers should be treated with dignity, and respect, because of who they are, and prosperity or income per capita is an example of a quantitative indicator. Furthermore, sustainable development has an environmental connotation, and is very much concerned driven. As you may have noticed, the definition of sustainable development is rather broad, and imprecise. To get a better understanding of what it looks like, we need to bring in more focus.

Quiz available with full talk access. Request Free Trial or Login.