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T0154


Navigating Environmental Crises: Impacts on Regional Economies and Shifting Economic Paradigms for Sustainable Futures 
Convenor:
Philippa Shepherd (University Grenoble Alps)
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Format:
Thematic Panel
Theme:
Environment and sustainable development

Short Abstract:

Human-caused environmental crises are destabilising the ecological systems upon which our economies and societies depend, jeopardizing people's livelihoods. Thus, there is a call for economic thinking based on such ideas as ecological transition, sufficiency, and liveability. Such post-growth philosophies aim to ensure the flourishing of human capabilities while respecting planetary boundaries.

Long Abstract:

Human-caused environmental crises, such as climate change, are disrupting and destabilising the ecological systems upon which our economies and societies depend, jeopardizing people's livelihoods and capabilities. While techno-centric solutions, exemplified by greening economy initiatives, can go only so far to buffer and postpone ecological crisis, and thus socio-economic breakdown, they fall short in addressing the core causes. Consequently, there is a call for a paradigm shift in economic thinking toward such ideas as ecological transition, sufficiency, and liveability. Such post-growth philosophies aim to ensure the flourishing of human capabilities while respecting planetary boundaries. Furthermore, while the responsibility for instigating this transformative shift lies with all actors, economic actors such as businesses, have incredible leverage due to their position and power. Transforming instrumental freedoms for sustainable human development is critical to safeguarding capabilities in the face of global environmental change, but such transformations are not without challenges themselves nor necessarily win-win solutions.

The panel comprises three researchers, each exploring the challenge of environmental crises in relation to aspects of economic systems.

Philippa Shepherd, PhD student, will present her research on climate change impacts on people’s work capability in the French Alps. Climate change is transforming the natural capitals upon which local economies in the Alpine region depend, in turn threatening people’s livelihoods. Using a set of pre-defined indicators representing decent work, labour market resilience, climate change sensitivity, and environmental pressures, she aims to assess quantitatively who and where people are most vulnerable-resilient across the Alps in terms of work capability in the face of climate change impacts. Ultimately, this paper contributes to understanding how people in the Alps can cope and adapt to the changing economic landscape that climate change will bring. While this paper focuses on vulnerability-resilience aspects, it speaks to the question of what adaptation response is best suited to address this multidimensional crisis, safeguard people’s work opportunities, and realise a sustainable development.

Dr. Hippu Salk Kristle Nathan will present his research on efficiency versus sufficiency framings using the power and transportation sectors as examples. He argues that while great strides have been achieved in technical efficiency, this is insufficient to address environmental crises that have emerged due to population and economic growth. He proposes that a sufficiency approach, demanding a total reduction in resource consumption, is necessary to achieve a sustainable development.

Dr. Lindsay J Thompson will present her work related to urban liveability. With 56% of the world’s population living in cities, urban sustainable development is critical to achieving a sustainable future for humanity and the planet. She asserts that the time is ripe for businesses to take the lead on sustainability efforts in the context of urban liveability. Multilateral and multisector, private and public initiatives, such as the New Urban Agenda and the Fourth Industrial Revolution, provide the platforms, collaboration, and the impetus for businesses to be pivotal in the sustainability transition. As businesses are already embracing alternative ways of creating wealth, they can leverage this position to synergize wealth creation, human development, and sustainability.

Together, these perspectives form a comprehensive exploration of the challenges and opportunities in reshaping economic systems to effectively address environmental crises in order to sustainably safeguard people’s capabilities and life quality.

Key words: Environmental crises, transforming economies, sustainability

Accepted papers: