Their biggest mistake is a focus on quantifiable ROI.
"With an isolated mindset, leaders focus mainly on the portion of the business-nature relationship that can be quantitatively analyzed. Less tangible social and ecological factors are considered as context – something that is nice but not essential to the decision-making calculus because it is not measurable."
Very good article from Harvard Business Review blog.
See on blogs.hbr.org
The International Energy Agency says world markets are unprepared for when — and it’s a when, not if, it asserts, — the Great American Shale Boom fizzles.
As always, the new IEA report puts the finger on the weak spots of current global energy policy.
See on www.businessinsider.com
In most European countries, per capita GDP is currently lower than it was six years ago. Worse still, many Europeans appear to have concluded that economic growth does more harm than good in environmental and social terms.
some very interesting points in this Pisani-Ferry article for Project Syndicate but his over-simplistic views on the post-growth agenda ("stagnating or declining incomes") shows his lack of knowledge on the thinking of a new prosperity and development model which respects ecological limits and fosters radical redistribution.
See on www.project-syndicate.org
It’s 100 years since Fritz Haber found a way to synthesise ammonia – helping to feed billions but also to kill millions, and contributing to the pollution of the planet
Excellent article by Guardian’s science editor Robin McKie on the Dr Faustus of modern science.
See on www.theguardian.com
Is our relentless quest for economic growth killing the planet? Climate scientists have seen the data – and they are coming to some incendiary conclusions.
Excellent Naomi Klein article in New Statesman: "our entire economic paradigm is a threat to ecological stability. And indeed that challenging this economic paradigm – through mass-movement counter-pressure – is humanity’s best shot at avoiding catastrophe"
See on www.newstatesman.com
“Society needs to realize growth does not equal prosperity”
James H. Kunstler makes the link between the end of cheap energy and our economic and financial crisis: "In particular expensive oil destroys the cost structures of banking and finance because not enough new wealth can be generated to repay previously accumulated debt, and new credit cannot be extended without a reasonable expectation that more new wealth will be generated to repay it. "
See on www.peakprosperity.com
“It may all sound far-fetched to you now, and most people will still cling on to the idea that “they wouldn’t do such a thing”. But that the IMF proposes it at all, and so openly, suggests that they might, if only they can figure out how. Not the IMF itself, mind you, they don’t collect taxes, but then again they have been involved very intimately with the EU, the ECB and Europe’s national governments, in for instance the Cyprus bail-in, which will in all likelihood serve as a blueprint for future “restructurings”.”
Interesting to see that this radical solution to the current economic crisis has been so little reported or that some (like the FT) who spotted the story hide it in a few lines somewhere. Was the press not created to be the fourth estate? Or has it become the storybook for the rich?
See on www.marketoracle.co.uk
We are reaching end times for Western affluence. We must accept economic honesty and recognize that promises made during good times can no longer be easily kept.
Brilliant must-read article from NY Times.
"In his “Future of an Illusion,” Sigmund Freud argued that the faithful clung to God’s existence in the absence of evidence because the alternative — an empty void — was so much worse. Modern beliefs about economic prospects are not so different. Policy makers simply pray for a strong recovery. They opt for the illusion because the reality is too bleak to bear. But as the current fiscal crisis demonstrates, facing the pain will not be easy. And the waking up from our collective illusions has barely begun."
See on www.nytimes.com
“Ending our reliance on fossil fuels was never going to be easy. Two thirds of electricity generation relies on fossil fuels. 95% of the energy consumed by the world’s transport systems relies on fossil fuels.
I want to be very clear that I haven’t come here to vilify fossil fuels. Much of what we regard as material and social progress has been built on the back of them. They are incredibly convenient. We’ve physically constructed our world around them, and to wean ourselves away from them will mean swimming against very strong tides”.
In a lecture in London on 9 October, OECD Secretary-General Angel Gurria warned global leaders that the climate crisis needs to be tackled with more radical and urgent policies (including a high price on carbon and abolishing fossil fuel subsidies). Do some of his remarks indicate a new shift in the global leaders’ climate agenda?
See on www.oecd.org
The IPCC says we can emit a trillion tons of carbon and still avoid major warming. We’ll emit much more.
Great article in the MIT technology review. In order to emit no more than 1 trillion tonnes of carbon, world needs to reduce annually by 2.5%. With all the trillions still in the ground and fossil fuel giants still in power, who really believes this is feasible?
See on www.technologyreview.com