How do we create a better economy?
Let’s Begin…
Can we call any economy “healthy” in the face of dwindling resources and growing inequality? What if we cut off our addiction to endless growth, and used a new compass for modern prosperity? One such compass is known as “doughnut economics,” which aims to meet the needs of people without overshooting Earth's ecological limits. Explore how this model reframes our economic systems.
Additional Resources for you to Explore
A huge part of making doughnut economics a reality lies in transitioning our economy towards renewable and clean energy. The urgency for transformative measures to mitigate climate change has intensified. The World Economic Forum has released a special report to foster an effective global energy transition. The report details shortcomings, areas of hope and optimism, and what countries can do to supercharge an effective transition, while keeping their eye on affordability, availability, and sustainability.
You might also want to read up on ways global crises— such as COVID-19 and the war in Ukraine— have either stalled or hastened the pace of energy transitions at both a global and national scale. In this article, the authors take stock of global progress towards clean, affordable, secure energy. Amsterdam is using an innovative economic model to build a green recovery from the pandemic and is an example of doughnut economics in action.
Watch the video and finish the Think section to complete the lesson.
About Economics Explained
Economics has had a huge impact on the world we live in—and understanding the key factors at play in these massive, interconnected systems can give us insight into how to make them better, stabler, and more equitable. Dig into these quick and compelling explainers from TED-Ed and World Economic Forum for a taste of economics in action.
Meet The Creators
- Video created by TED-Ed
- Lesson Plan created by TED Ed
