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Offsetting allows corporations to increase emissions, while getting credit for pseudo-reductions elsewhere
Lancet study finds 'green growth' policies fall far short of what's needed to prevent dangerous change…
Human activity is putting the Earth on a trajectory towards environmental collapse. The SDGs were adopted in2015 to reconcile human activity with planetary boundaries. So far, the SDGs have not lived up to their promise in European Union member states. Most EU countries have seen socioeconomic development alongside environmental degradation. Progress towards environmental sustainability only occurs in countries with slow or negative socioeconomic trends.
We face so many concurrent threats that commentators have argued that we now face an unprecedented "polycrisis" – where multiple interacting global crises produce greater harms to the planet and humanity than those crises would produce in isolation. The Wellbeing Economy Alliance has argued that the current economic design is at the root cause of this polycrisis, and with good reason.
For a small but growing network of countries, the world's go-to metric of economic health is no longer fit for purpose. Finland, Iceland, Scotland, Wales and New Zealand are all members of the Wellbeing Economy Governments partnership. The coalition, which is expected to expand in the coming months, aims to transform economies around the world to deliver shared well-being for people and the planet by 2040.
This full length briefing explains what Non-Economic Loss and Damage (NELD) is, why and how it happens, where it happens, who is most affected, and importantly how it can be addressed. Featuring case studies from both the Global North and South, the brief captures the latest thinking on NELD all in one place whilst acting as an accessible introduction for those new to the topic.
The fast fall of PG&E after California’s wildfires is a jolt for companies considering the uncertain risks of a warming planet
What kind of economic system is most conducive to human wellbeing? That question has come to define the current era, because, after 40 years of neoliberalism in the United States and other advanced economies, we know what doesn’t work.
As Nobel laureate Solow said to Congress when criticizingeconomicmodelsforfailingtoanticipatethe“GreatReces-sion,” “Every proposition has to pass a smell test: Does itreally make sense?” (2). The methods and conclusions inDietzetal.(1)donotmakesense. ...
Climatenomics lays out how ‘supply chain disruptions’ has become a euphemism for the effects of climate change
Strong climate action could wipe $756bn from individuals’ pension funds and other investments in rich countries
Inflation is a disease that disproportionately afflicts the poor. Even before Vladimir Putin unleashed his brutal war on Ukraine, whose byproducts include soaring energy and food prices, inflation was already over 7.5% in the US and above 5% in Europe and the UK. Calls for its taming are, therefore, fully justified – and the interest rate rise in the US, with the same expected in the UK, comes as no surprise. That said, we know from history that the cure for inflation tends to devastate the poor even more. The new wrinkle we face today is that the supposed solutions threaten not only to deal another cruel blow to the disadvantaged but, ominously, to snuff out the desperately needed green transition.
Many economic assessments of the climate crisis “grossly undervalue the lives of young people and future generations”, Prof Nicholas Stern warned on Tuesday, before the Cop26 climate summit in Glasgow.
Country hopes to ensure effects of climate crisis are always considered in business, investment, lending and insurance decisions
Richard Heinberg est un des penseurs qui m’a le plus influencé ces derniers temps. Il fait partie de ces trop rares personnes qui parviennent à prendre de la hauteur pour remettre en perspectives plusieurs des grands enjeux actuels, parmi lesquels l’économie, l’énergie, l’écologie. En étudiant le pouvoir et la puissance, leur signification, leurs différents aspects, il parvient à capturer une des grandes dynamiques d’évolution de l’humanité et pose un diagnostic limpide et sans appel sur les enjeux actuels.
We also asked about organisations’ risk response and approaches to planning. Our survey results support a picture of UK organisations that are taking steps to prepare for similar extreme weather, with the top three actions of organisations affected being capacity training or some form of knowledge transfer, investment in new technologies, and making an insurance claim. While just 16% of organisations reported having an adaptation plan, a considerable proportion (37%) said their organisation was planning to develop one.
analysts including Ting Lu warned in a note, predicting China’s economy will shrink this quarter. Article assez incroyable sur les pénuries d'électricité en Chine.
By now, you’ve probably heard that global supply chains are in a state of disarray. Here's a simple breakdown of what’s causing it: ...
As an economist who has studied the effects of weather and climate change, I have examined a large body of work that links heat to economic outcomes. Here are four ways extreme heat hurts the economy – and a little good news.
Consumers are faced with "confusing and often misleading claims about sustainability benefits", according to US vice president's analysis.
New research suggests social transformations that prompt “degrowth” could cut humanity’s climate footprint in time to meet the Paris climate agreement target.
Action on climate change is arguably the greatest challenge for public policy of our times. But despite economic forces being the major driver of the carbon dioxide problem, this column argues that economists have so far been too silent on the subject. For example, the Quarterly Journal of Economics, the most-cited journal in economics, has never published an article on climate change. Good economics can and should play a fundamental role in guiding the policy framework that will influence investment decisions in the coming years, so it is important that the profession dramatically increases its work now.
« The guideline of this Practical Toolbox, is an invitation to imagine and implement new dreams to connect human beings, and transform the grief of the planetary village into human happiness »
