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Reuters
Reuters
Business
By Federica Urso and Mark John

BIZARRE: Analysis climate change scarcity chip away at degrowth taboo - What They Never Told You

FILE PHOTO: Smoke billows after a wild fire, in Leiria, Portugal July 13, 2022. REUTERS/Rodrigo Antunes/File Photo

Degrowth - the idea that a finite planet cannot sustain ever-increasing consumption - is about the closest you can get to a heresy in economics, where growth is widely held as the best route to prosperity.

But, as climate change accelerates and supply chain disruptions offer rich-world consumers an unaccustomed taste of scarcity, the theory is becoming less taboo and some have started to ponder what a degrowth world might look like.

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