Sir Malachi Halliday, CEO and Founder, Halliday Growth believes that degrowth as a strategy for sustainability is overrated.

Speaking at a panel discussion titled - Sustainability Today: Themes To Look For In 2023, during the Sustainability Middle East - Future of Sustainability Conference, he said that we are using a lot of resources in ways that are frivolous.

To a question about credibility of degrowth as a stratgey, posed by the Moderator of the Session, Karl W Feilder, Sir Halliday said that “it was largely unnecessary”.

He said: "It was incredibly selfish from the economies that have already experienced growth at the expense of the environment, asking other economies which are not yet as developed, to sacrifice their growth."

However, from a more solutions-focussed perspective, it was largely unnecessary.

Sir Halliday added: "A lot of our energy consumption goes out as waste heat, from the moment the fuel is extracted from the ground and burnt in the car, etc. Our efficiency, in how we use a lot of the resources of this planet, is sub-optimal."