This new study explains why fracking won’t solve the climate crisis.

that natural gas is essentially useless as a climate solution unless it is buttressed by new policies that discourage carbon pollution and promote investment in renewable energy.

Source: www.motherjones.com

Summary of a new study in Nature on the fracking ‘revolution’ and its use to help tackle climate change.

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The Age of Vulnerability

Regardless of how fast GDP grows, an economic system that fails to deliver gains for most of its citizens, and in which a rising share of the population faces increasing insecurity, is, in a fundamental sense, a failed economic system. And policies, like austerity, that increase insecurity and lead to lower incomes and standards of living for large proportions of the population are, in a fundamental sense, flawed policies.

Source: www.project-syndicate.org

Must-read article by Joe Stiglitz

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La légitime récompense de Jean Tirole

Il est juste et légitime que le jury néolibéral de la Banque de Suède honore l’un des plus brillants représentants de l’économie néolibérale, un des plus fervents défenseurs de la logique du marché concurrentiel contre les insupportables interventions étatiques, contre le droit du travail, contre les contraintes bureaucratiques imposées aux grandes entreprises et aux banques, lesquelles financent une bonne partie de ses recherches et de son salaire.

Source: alternatives-economiques.fr

Great analysis by French economist Jean Gadrey of Nobel prize winner Jean Tirole.

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European Commission study shines light on the true cost of conventional and solar energy 

The European Commission study on “Energy subsidies and costs in the EU”, released on October 13th, 2014, demonstrates that the direct total cost of conventional energy technologies, such as coal and nuclear, is much higher than the direct cost for solar energy, the European Photovoltaic Industry Association (EPIA) announces.”

Source: www.solarserver.com

Interesting press release

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German model is ruinous for Germany, and deadly for Europe

“France may look like the sick of man of Europe, but Germany’s woes run deeper, rooted in mercantilist dogma, the glorification of saving for its own sake, and the corrosive psychology of ageing.”

Source: www.telegraph.co.uk

Brilliant analysis in The Telegraph – ‘The country has mistaken a confluence of exceptional events for permanent ascendancy. It cannot continue to live off exports of capital goods to China and the BRICS as they hit the buffers, or by stealing a march on southern Europe through wage compression, a zero-sum game.’

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It’s Postgrowth, Stupid!

The growth era we are used to and that started after World War 2, is about to end – mostly out of economic reasons Gordon portrayed for the US but will most certainly apply to other economies as well; but also out of serious environmental limitations and a squeeze on resource prices, directing more and more investment into resource exploration and extraction as can be seen by the investment folly of fracking.

Source: www.andrereichel.de

Good analysis of our current economic predicament

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Unions back Hinckley C State Aid decision

Energy and construction unions have welcomed the final go-ahead given by the European Commission to build Britain’s first new nuclear plant in a generation at

Source: touchstoneblog.org.uk

See how smart the nuclear sector is in getting the trade unions on board for defending its short-term interests: ‘Unions have signed a ground-breaking industrial relations agreement to build the new station. The ‘Common Framework Agreement’ establishes how industrial relations will be managed on the project and guarantees that the signatory unions will be provided with the necessary facilities to ensure workers are treated fairly.’. Similar aliiances between the old energy complex (fossils and nuclear) and unions can be observed in the coal sector (e.g. in Poland).

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Why Weren’t Alarm Bells Ringing? by Paul Krugman

Martin Wolf’s The Shifts and the Shocks is an extended, learned, and well-informed exposition of the consensus view about what went wrong with the economy. But is it the whole story? And are policy recommendations based on this consensus likely to solve our problems?

Source: www.nybooks.com

Interesting critique by Krugman in the NY Review of Books about Martin Wolf’s new book on the lessons from the crisis.

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Economists Are Blind to the Limits of Growth

“For all their calculating nature, economists are surprisingly optimistic about humanity’s ability to have as much prosperity as it wants. Express concern about the negative impact of excessive growth on our planet’s ecosystems, and many will simply chuckle and say you don’t understand what growth means.”

Source: www.bloombergview.com

Excellent article in Bloomberg views.

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