Rising Wealth Spells Disaster for the Planet, Study Finds

The last thing the planet needs – or the rest of us – is more millionaires

Stephen Leahy, International Environmental Journalist

Wealthy Countries Export Environmental Impacts to Poor [New Article]

By Stephen Leahy

BERLIN, Jun 3, 2010 (IPS)

Rising global wealth spells disaster for the planet, with environmental impacts growing roughly 80 percent with a doubling of income, reports the first comprehensive study of consumption.

It adds to the mountain of evidence that the gospel of economic growth must be urgently transformed into the new gospel of resource-efficient green economies, a U.N. expert panel concluded Wednesday.

What are the biggest planetary criminals?

Fossil fuel use and agriculture, the study found. Ironically, these are also the two most heavily subsidised sectors, noted Ernst von Weizsaecker of Norwegian University of Science and Technology, and co-chair of the International Panel for Sustainable Resource Management.

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“In the case of CO2, a

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