In 2009, the Stockholm Resilience Center introduced the concept of planetary boundaries to help the public envision the nature of the challenges posed by limits to growth and physical/biological boundaries. They defined nine boundaries critical to human existence that, if crossed, could generate abrupt or irreversible environmental changes.

To remain within the nine planetary boundaries, nations must shed the fetish of economic growth and transition to a true-cost, steady state economy. Some of the critical transition steps include:

Replacing the GDP as a measure of well-being (lots of work has been done on coming up with an index of sustainable productivity).
Getting the Securities and Exchange Commission (SEC) to require corporations to disclose their pollution externalities (the SEC is not hopeless, as can be seen by its recent decision to require CEOs to publish their salaries along with those of the average workers at their companies).
Going to a four-day work week to secure fuller employment (this has happened in some European countries; Canadian economist Peter Victor has papers on why this is a crucial transition step).
Dematerializing the economy (i.e., so that it’s cheaper to repair an appliance than it is to buy a new one).
Identifying the areas in which the economy should grow—and those where it should shrink or degrow (i.e., the usage of fossil fuels must shrink sharply, and in so doing, roof-top solar will grow to become a much larger part of the global economy).
Identifying the most heinous types of economic growth (ruthless and futureless) and showing how their costs exceed their benefits.
Stabilizing population to keep humanity from further transgression of the nine boundaries.

Source: Time to Stop Worshipping Economic Growth | Common Dreams | Breaking News & Views for the Progressive Community