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

Why Central Banks Should Give Money Directly to the People | Foreign Affairs

“Rather than trying to spur private-sector spending through asset purchases or interest-rate changes, central banks, such as the Fed, should hand consumers cash directly.”

Source: www.foreignaffairs.com

Innovative, provocative and probably politically unrealistic article in Foreign Affairs by Mark Blyth and Eric Lonergan.

See on Scoop.itThe Great Transition

Worse than the 1930s: Europe’s recession is really a depression

Europe’s self-inflicted wounds are making its recession worse than the worst of the 1930s.

Source: www.washingtonpost.com

Good analysis of the never-ending Eurozone crisis. A few nice quotes: "how is Europe making the Great Depression look like the good old days of growth? Easy: by ignoring everything we learned from it." and

"They have made a desert, and called it the eurozone."

See on Scoop.itThe Great Transition


Get every new post delivered to your Inbox.

Join 74 other followers