Exxon Mobil’s commitment to carbon asset risk is just the beginning

See on Scoop.itThe Great Transition

As the company bows to pressure to report on its preparations for climate regulation, campaigners want investors to recognise that extractors may be forced to leave oil and gas in the ground, write Natasha Lamb and Danielle Fugere

Willy De Backer‘s insight:

Are we on the verge of a real revolution in the oil and gas industry as the  global divestment campaign is gaining traction? Or will the fossils use their big cash piles to fight back?

 

See also http://www.greenbiz.com/blog/2014/03/24/exxon-stranded-assets-and-new-math

See on www.theguardian.com

Monetarism is the living dead of economic theory – let’s kill it off

See on Scoop.itThe Great Transition

Philip Pilkington: The Bank of England suddenly looks capable of doing what the government can’t: consigning monetarism to the past

Willy De Backer‘s insight:

Some mandatory reading for the ‘experts’ at the ECB and the European Commission.

See on www.theguardian.com

The global Transition tipping point has arrived – vive la révolution

See on Scoop.itThe Great Transition

Nafeez Ahmed: A new post-carbon era dawns as the old fossil fuel system dies. It’s time to step up.

Willy De Backer‘s insight:

Another must-read top post by the brilliant Nafeez Ahmed but I disagree with his "optimism of the will". Of course there will not be any extinction by 2030 but the transition from the old fossil-fuel and debt-based paradigm to the new ‘one-planet economy’ will not be without lots of pain and violence. Vive la révolution? Revolutions have a habit of eating their children or heroes, dear Nafeez.

See on www.theguardian.com

Exploring the ‘why’ behind extreme energy

See on Scoop.itThe Great Transition

Thus far the debate around unconventional gas/fracking has focussed on pollution, flammable water, earthquakes, noise, toxic fumes, climate change, etc. As a result people mainly focus on the “what?”, or at a local level the “where?”, of the issue. My research leads me toward one single question… “why?”.

Willy De Backer‘s insight:

Smart article on the real reasons behind the fracking myths. "It is economic growth and consumption within a finite environment which are the problem."  Extreme energy will do nothing to stave off the inevitable transition towards a post-growth society.

See on www.resilience.org

What We Know: American scientists’ warning on climate chaos

See on Scoop.itThe Great Transition

What We Know helps us understand the science behind the realities, risks and response to the climate challenge.

Willy De Backer‘s insight:

The scientific community is getting more vocal and outspoken(about time), but the more policy makers will understand what they will need to do (questioning the Western way of life), the more they will hide themselves in ideology and denial.

See on whatweknow.aaas.org

The Rise of Anti-Capitalism

See on Scoop.itThe Great Transition

“A formidable new technology infrastructure — the Internet of Things — is emerging with the potential to push much of economic life to near zero marginal cost over the course of the next two decades.”

Willy De Backer‘s insight:

As always, super-optimist Rifkin is great at analysing new trends in the global economy, but totally misjudges the negative implications. This is the guy who predicted the age of the "European Dream". Look where Europe is now! So by all means, read this NY Times article but put off your rosy glasses.

See on www.nytimes.com

Nasa-funded study: industrial civilisation headed for ‘irreversible collapse’?

See on Scoop.itThe Great Transition

Nafeez Ahmed: Natural and social scientists develop new model of how ‘perfect storm’ of crises could unravel global system

Willy De Backer‘s insight:

Great must-read article in The Guardian.

See on www.theguardian.com

Mindsets and Money: Breaking the Grip of Distorted Economics

See on Scoop.itThe Great Transition

“Some businesses are beginning to expand their focus beyond the surprisingly recent, single-minded obsession with maximizing shareholder value. Yet we haven’t solved the core problem, because the game is fundamentally defined by its rules. And markets, for all their agility and elegance, are massively distorted in several critical ways:…”

Willy De Backer‘s insight:

Excellent ideas from Gil Friend on the radical business reforms needed to make our economies sustainable.

See on www.corporateecoforum.com

European Union’s Banking Union Can Work

See on Scoop.itThe Great Transition

It won’t be easy, but the half-baked idea of a banking union can be turned into something useful if the European Central Bank follows certain steps.

Willy De Backer‘s insight:

Question is not if it would work. Question is if Europe’s citizens really need it. Why not a citizens’ union or a social union? Banking union shows where EU elites have their priorities

See on www.nytimes.com

Joseph E. Stiglitz argues that the impact of technological change on living standards has become increasingly unclear

See on Scoop.itThe Great Transition

Around the world, there is enormous enthusiasm for the type of technological innovation symbolized by Silicon Valley, with many attempting to replicate the ingenuity that they regard as America’s true comparative advantage. But there is a puzzle: it is difficult to detect the benefits of this innovation in GDP statistics.

Willy De Backer‘s insight:

Excellent article by Joe Stiglitz in Project Syndicate.

See on www.project-syndicate.org

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