Three Limits to Growth

“From the graph it is evident that increasing production and consumption is rightly called economic growth only up to the economic limit. Beyond that point it becomes uneconomic growth because it increases costs by more than benefits, making us poorer, not richer. Unfortunately it seems that we perversely continue to call it economic growth!”

Source: steadystate.org

New Herman Daly article explains the reality of our current economies.

See on Scoop.itThe Great Transition

A thinker whose heft impressed Bill Gates

“Prof Smil’s conclusion is that while dematerialisation in the sense of reduced material use for every dollar of gross domestic product has been a trend for decades and can continue into the future, an absolute reduction in the world’s use of natural resources is highly unlikely. If growth continues, at some point those resources will run low.”

Source: www.ft.com

Good article by FT’s Ed Crooks on Vaclav Smil. I do not like to title as Gates does not seem to understand Smil well enough when he talks about material limits to growth.

See on Scoop.itThe Great Transition

Limits to Growth was right. New research shows we’re nearing collapse

Graham Turner and Cathy Alexander: Four decades after the book was published, Limit to Growth’s forecasts have been vindicated by new Australian research. Expect the early stages of global collapse to start appearing soon

Source: www.theguardian.com

‘to feed the continued growth in industrial output there must be ever-increasing use of resources. But resources become more expensive to obtain as they are used up. As more and more capital goes towards resource extraction, industrial output per capita starts to fall – in the book, from about 2015.’

See on Scoop.itThe Great Transition

A Big Summer Story You Missed: Soaring Oil Debt

Last July the government agency, which has collected mundane statistics on energy matters for decades, quietly revealed that 127 of the world’s largest oil and gas companies are running out of cash.

Source: www.resilience.org

By investing in expensive hydrocarbon projects, the brownies are undermining the future of our economies. But only few people and even fewer governments get it.

See on Scoop.itBusiness & Sustainability

IEA report: Policy uncertainty threatens to slow renewable energy momentum

The expansion of renewable energy will slow over the next five years unless policy uncertainty is diminished, the International Energy Agency (IEA) said today in its third annual Medium-Term Renewable Energy Market Report.

Source: www.iea.org

The falling support of governments for renewables has little to do with economic facts (costs) but all with heavy lobbying from the brown industry.

See on Scoop.itBusiness & Sustainability

Climate Change Is Here, Human-Caused And Could Be Irreversible, UN Says

“Global warming is here, human-caused and probably already dangerous — and it’s increasingly likely that the heating trend could be irreversible, a draft of a new international science report says.”

Source: www.huffingtonpost.com

good to see this draft synthesis report being leaked, as it will allow to track what will be deleted or downplayed in the final version.

See on Scoop.itBusiness & Sustainability

How on Earth? | Post Growth Institute

Flourishing in a Not-for-Profit World by 2050 “Combining passion and hard evidence, How on Earth is a fascinating, highly original book. It points to how not-for-profit organizations can play a major role in building a more caring and sustainable economy. […]

Source: postgrowth.org

Must-read book for anyone interested in the real, planetary limits-based future of business and economics.

See on Scoop.itThe Great Transition

Climate change policies pay for themselves, study says

An MIT climate change study released Sunday indicates the cost of slashing coal-fired carbon emissions would be offset by reduced spending on public health. The EPA-funded study examined climate change policies similar to those proposed by the Obama administration in June.

Source: www.csmonitor.com

Supporters of serious climate action keep using the costs of non-action framing to make their point. It will not work as the climate deniers do not really care about these costs. They oppose climate action for ideological reasons: defending ‘our way of life’.

See on Scoop.itThe Great Transition

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