Britain needs an overarching new sustainability law to bolster natural life-support systems and prevent economic and social collapse, according to proposals from one of the country’s most influential leftwing thinktanks.

The paper says policymakers have made a “catastrophic mistake” by underestimating the risks posed by environmental breakdown and the potential benefits of switching to a different economic approach that focuses on building abundance rather than running down resources.

“A new model is needed to rapidly create societies that are more sustainable, just and prepared: bringing human activity to within environmentally sustainable limits while narrowing inequality, improving quality of life, and becoming better prepared for the accelerating consequences of environmental breakdown,” says the discussion document by the Institute for Public Policy Research.

Read more at The Guardian