The concept of sustainable consumption has gained significant attention in international policy discussions. In order to achieve sustainable consumption, it is essential to thoroughly comprehend the underlying causes of current unsustainable consumption patterns and the associated challenges in transitioning to more sustainable practices. This research, employing perspectives from international political economy and psychology, elucidates that unsustainable consumption is rooted in a combination of systemic and individual factors. Systemic factors encompass unequal exchange relations, lack of efficient telecoupling framework, political and ecological trade‐off dilemma. Individual factors include unsatisfied needs, insufficient environmental concern, and low self‐efficacy. Drawing upon these findings, this study presents a comprehensive set of macro and micro‐level policy recommendations for achieving sustainable consumption and a more equitable and sustainable future.