Kate Raworth is known for her work on ‘doughnut economics’, which she understands as an economic model that balances between essential human needs and planetary boundaries. She is an English economist working for the University of Oxford and the University of Cambridge.
From Kate Raworth´s homepage;
Humanity’s 21st century challenge is to meet the needs of all within the means of the planet. In other words, to ensure that no one falls short on life’s essentials (from food and housing to healthcare and political voice), while ensuring that collectively we do not overshoot our pressure on Earth’s life-supporting systems, on which we fundamentally depend – such as a stable climate, fertile soils, and a protective ozone layer. The Doughnut of social and planetary boundaries is a playfully serious approach to framing that challenge, and it acts as a compass for human progress this century.
The environmental ceiling consists of nine planetary boundaries, as set out by Rockstrom et al, beyond which lie unacceptable environmental degradation and potential tipping points in Earth systems. The twelve dimensions of the social foundation are derived from internationally agreed minimum social standards, as identified by the world’s governments in the Sustainable Development Goals in 2015. Between social and planetary boundaries lies an environmentally safe and socially just space in which humanity can thrive.
If you want to look deeper into the Doughnut, and Doughnut Economics, join us at Doughnut Economics Action Lab where we dive into much more detail on what it means for transforming our economies.