9 Significant Scientific Findings too Recent to Be Included in the New IPCC Report

The Intergovernmental Panel on Climate Change (IPCC) will release its landmark synthesis report this weekend. The IPCC reports are the most comprehensive, authoritative consensus on climate change. However, the cut-off date for literature for each Assessment Report was in 2013 , so it’s worth taking stock of recent scientific advancements and climate-related events that have occurred since then.

Check out nine findings that illustrate how the trends documented in the IPCC continue to take a toll, and in some cases, may be underestimated.

Source: www.wri.org

Why the IPCC synthesis report is already outdated and the situation worse than the report will dare to describe.

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The Revolution That Wasn’t: Why the Fracking Phenomenon Will Leave Us High and Dry

the so-called “shale revolution” has more in common with the California Gold Rush and the Dot-Com Bubble than a new golden age of energy abundance. The implications of this are profound. If the “shale revolution” is nothing more than a temporary respite from the inevitable decline in US oil and gas production, then why are we rushing to rewrite our domestic and foreign policy as if we’re going to be “Saudi America” for the rest of the century?

Source: www.resilience.org

Excellent article from the Post-carbon institute. For all those who think Europe also has to walk the yellow brick road that leads to nowhere.

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The Looming Financial Crisis

As the prospect of global financial crisis beckons once again, will our elected leaders finally accept the need for an entirely new economic approach that breaks away from the primacy of growth and profit – or will their hand be forced by a resurgence of mass public protest?

Source: www.counterpunch.org

Excellent article – "any solution will require a decisive break away from the myopic pursuit of economic growth, the maximisation of corporate profit, and the relentless promotion of consumerist values. As campaigners have long been demanding in response to the convergence of crises we face, we urgently need a new economic paradigm – one in which wealth, power and resources are shared more equitably and sustainably within nations and internationally."

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A New Macroeconomic Strategy

Neither neo-Keynesians nor supply-siders focus on the true remedies for this persistent drop in investment spending. Our societies urgently need more investment, particularly to convert heavily polluting, energy-intensive, and high-carbon production into sustainable economies based on the efficient use of natural resources and a shift to low-carbon energy sources. Such investments require complementary steps by the public and private sectors.

Source: www.project-syndicate.org

Jeffrey Sachs is absolutely correct in his criticism of both camps of economists (supply-siders and neo-Keynesians). What we need is radical reform of our economies and of economists.

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The Future of Work, Leisure and Consumption

We’re going to have to deal with working hours, because that’s the only way to stop expanding the size of the economy in any sensible way. So the core of what we need to do is to get back on the trajectory of using productivity growth to reduce hours of work. And that then opens up incredible possibilities in terms of rebalancing the labor market, integrating the unemployed, and having a fairer distribution of hours.

Source: www.truth-out.org

Great must-read interview with economist Juliet Schor on the crisis, consumption and the need to reduce working time.

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EEA: Production and consumption systems need fundamental rethink

Production and consumption systems in the European Union have large, global impacts on the environment. More sustainable ways of satisfying our needs are emerging, but they need more support, according to a new assessment.

Source: www.eea.europa.eu

The European Environment Agency admits we have to live within the limits of the planet, but still  clings to the growth ideology. Thinking beyond growth is clearly too fundamental.

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The Great Transition

This time, with sustainability, it is going to be different. Why is that so? Sustainability implies an economic regime that stays safely within the limits of a finite planet, subjugating the profit principle to the well-being of natural ecosystems. This is, for the first time, an absolute boundary on economic activities and the most wanted innovation would then be an answer to the question of what vision we have for the economy of a sustainability society.

Source: www.andrereichel.de

Excellent must-read essay by Dr. Reichel on the need to change business models and organisational forms for a post-growth society.

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Eurozone stagnation is a greater threat than debt

It would be wrong to think last week’s global market gyrations signal a return of the eurozone debt crisis. Sovereign bond spreads in the eurozone did not move by much, except in Greece. What happened last week is something rather different.

Source: www.ft.com

Interesting that the ‘secular stagnation’ narrative is convincing more economists and pundits. How long before they will recognise that we have entered the post-growth era?

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As cracks in its economy widen, is Germany’s miracle about to fade?

Philip Oltermann: As the markets tumbled last week, Germany, hailed only months ago for its resilience in the European crisis, came under fresh scrutiny. What lies ahead for the European powerhouse?

Source: www.theguardian.com

How Merkel’s austerity obsession will kill the German and European economy.

See on Scoop.itThe Great Transition


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