4. ‘Business as usual’
GDP per Capita
GHG Emissions
Poverty
Debt to GDP Ratio
Unemployment
5. A low/no growth scenario
How?
• Macro demand and supply stabilized
(stable population and labour force)
• Carbon price
• Shorter work year
• More generous anti-poverty programs
GDP per Capita
GHG Emissions
Unemployment
Poverty Debt to GDP Ratio
6. Generating a Canadian degrowth scenario
1. Maximum sustainable global GDP:
– GDP with global ecological footprint = biocapacity
– Larger if carbon footprint reduced
2. Maximum sustainable average GDP/capita:
– Allow for increase in population
3. Canadian sustainable GDP/capita:
– Some multiple of average GDP/capita
4. LowGrow simulation for Canada
17. Conclusions
1. Simulations suggest that ‘prosperity’ does not require
GDP growth
2. Depends on level of ‘sustainable’ income which in
part depends on response to climate crisis
3. Changes in the economic system require clarification