The Wider Ripple Effects of Climate Change on Our Economy
Climate’s Deepening Imprint on Global Income and Work The global economy stands at a critical juncture as climate change increasingly disrupts established economic systems and transforms working conditions worldwide. Income and Work represent a key dimension of the social foundation within the Doughnut Economics framework, as climate driven changes reshape labor markets, productivity, and economic output globally. The Doughnut Economics model, conceptualizing a “safe and just space” between social foundations and planetary boundaries, provides an ideal framework for understanding these complex interconnections. As climate change intensifies, it fundamentally challenges the ability to maintain adequate income and work opportunities for all people while respecting ecological limits1. Climate change is not merely an environmental crisis but also an economic one that has already begun reshaping global labor markets and will continue to do so with increasing severity in coming decades2. ...