Economic Growth and Environmental Limits Debate
Full Debate: Read Full DebateKelvin Hopkins
Main Page: Kelvin Hopkins (Independent - Luton North)Department Debates - View all Kelvin Hopkins's debates with the HM Treasury
(5 years, 1 month ago)
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I thank the hon. Gentleman for his intervention. The work going on at the University of Leeds is incredibly exciting. It demonstrates that there is a lot of work going on, both in this country and internationally, into researching what alternative indicators might look like. I think what is lacking is a real commitment to move them into the mainstream. In the regular updates on the radio or in the Financial Times, when we hear about GDP growth and how we should be very happy that it has gone up, we could look at those indicators, which might well show that our wellbeing is being severely undermined by environmental damage.
Turning to the climate emergency, the primacy of GDP growth as the overarching priority for the economy is the elephant in the room. To quote Greta Thunberg,
“Our house is on fire”,
and the GDP growth obsession is the obstacle blocking the door to the emergency exit. In April, Greta visited Parliament and spoke about why she and millions of other young people were missing school to strike for the climate. She said very clearly that the way that we measure progress is absurd and archaic:
“People always tell me and the other millions of school strikers that we should be proud of ourselves for what we have accomplished. But the only thing that we need to look at is the emission curve. And I’m sorry, but it’s still rising. That curve is the only thing we should look at…We should no longer measure our wealth and success in the graph that shows economic growth, but in the curve that shows the emissions of greenhouse gases.”
That call to rewrite the economic rulebook is echoed by many others in the climate justice network, including many in the grassroots movements for a green new deal in the UK and the US, and a vastly growing number of academics and economists. The reaction to a tweet by the London Mayor, Sadiq Kahn, one week into the Extinction Rebellion protests was interesting; it illustrates that climate justice is inextricably linked to the transformation of the economic system. To be fair, I am sure he did it without thinking it through that much, but he tweeted:
“My message to all the climate change protestors today is clear: let London return to business as usual.”
That tweet went down so terribly because the new climate justice movement understands that business as usual is killing the planet and destroying our children’s future. The litmus test for adequate climate action is no longer what is considered politically feasible within the current system; it is whether we are transforming the economic system to fit with what is scientifically necessary to keep within 1.5° of global heating, and to reverse the unravelling of the Earth’s life support systems before our eyes.
I have immense sympathy with what the hon. Lady is saying, and I agree. She talked about political feasibility. All the proposals and politics that she is suggesting are difficult to achieve in an environment of gross inequality. Would it not be easier if we addressed equality, to make all these things more acceptable?