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Solving the climate crisis means ending our addiction to economic growth

But degrowth in the Global North will not work unless it is done alongside reparations for the Global South

Solving the climate crisis means ending our addiction to economic growth
More than 70,000 politicians, diplomats, campaigners, financiers and business leaders will fly to Dubai to talk about arresting the world's slide toward environmental catastrophe | Hollie Adams/Bloomberg via Getty Images
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World leaders are now touching down in Dubai for COP28, where they are set to discuss how to fast-track the global push towards clean energy.

And with the Global North responsible for 92% of the world’s excess carbon dioxide emissions and 74% of excess material use (half of which is extracted in the Global South), it’s clear the current ecological crisis is the responsibility of the industrialised economies who will be sat around the table.

The source of the problem lies in the very economic system that prioritises economic growth, profit and wealth accumulation over the wellbeing of people and the planet. The blind pursuit of exponential economic growth has propelled economic decision-making. But exponential economic growth brings about exponential extraction and exponential deepening of inequalities.