Climate change and looking beyond GDP

Higher gross domestic product growth is commonly equated with not only higher prosperity but also greater economic welfare. However, this is problematic on many counts.

A forest fire raging near the city of Gignac in France, on July 26, 2022. PHOTO: EPA-EFE
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The management guru Peter Drucker famously said: "If you can't measure it, you can't improve it". While he said this in the context of managing companies, it is equally true of managing climate change.

The effects of climate change are no longer subtle or invisible. They are in our faces, in the form of rising temperatures, floods, droughts and hurricanes, which have become regular events - as well as pandemics.

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