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economy
Identifying the socio-economic drivers behind greenhouse gas emissions is crucial to design mitigation policies. Existing studies predominantly analyze short-term CO2 emissions from fossil fuels, neglecting long-term trends and other GHGs. We examine the drivers of all greenhouse gas emissions between 1820–2050 globally and regionally. The Industrial Revolution triggered sustained emission growth worldwide—initially through fossil fuel use in industrialized economies but also as a result of agricultural expansion and deforestation. Globally, technological innovation and energy mix changes prevented 31 (17–42) Gt CO2e emissions over two centuries. Yet these gains were dwarfed by 81 (64–97) Gt CO2e resulting from economic expansion, with regional drivers diverging sharply: population growth dominated in Latin America and Sub-Saharan Africa, while rising affluence was the main driver of emissions elsewhere. Meeting climate targets now requires the carbon intensity of GDP to decline 3 times faster than the global
The European Commission said Friday it intends to scrap new rules against greenwashing after they hit a roadblock in the final stretch from conservative lawmakers calling them too onerous for businesses.
This brief introduces degrowth – intentional downscaling of the global economy to achieve ecological sustainability and social justice – for people working in environmental and social advocacy. It centers the question: “Has the economy outgrown the planet?” because global ecological limits have reshaped the conditions under which we pursue climate action, environmental justice, and many other pressing aims.
Critical minerals, which are essential for a range of energy technologies and for the broader economy, have become a major focus in global policy and trade discussions. Price volatility, supply chain bottlenecks and geopolitical concerns make the regular monitoring of their supply and demand extremely vital.
A new report from U.K. actuaries and climate scientists "shows a 50% GDP contraction between 2070 and 2090 unless an alternative course is chartered," said the lead author.
For years, climate scientists have warned us of rising temperatures, extreme weather, and ecological breakdown. Now, the very people who calculate financial risk—actuaries—are sounding the alarm. Their latest report projects a 50% collapse in global GDP within decades. That’s not a recession. That’s economic devastation on a scale we’ve never seen.
he global economy could face 50% loss in gross domestic product (GDP) between 2070 and 2090 from the catastrophic shocks of climate change unless immediate action by political leaders is taken to decarbonise and restore nature, according to a new report The stark warning from risk management experts the Institute and Faculty of Actuaries (IFoA) hugely increases the estimate of risk to global economic wellbeing from climate change impacts such as fires, flooding, droughts, temperature rises and nature breakdown.
Added complexity allows an economy to grow, even as resource limits are reached. But at some point, the complexity itself becomes a problem.
04/17/2024 - Even if CO2 emissions were to be drastically cut down starting today, the world economy is already committed to an income reduction of 19 % until 2050 due to climate change, a new study published in “Nature” finds. These damages are six times larger than the mitigation costs needed to limit global warming to two degrees. Based on empirical data from more than 1,600 regions worldwide over the past 40 years, scientists at the Potsdam Institute for Climate Impact Research (PIK) assessed future impacts of changing climatic conditions on economic growth and their persistence.
Economic growth allows the few to grow ever-wealthier. Ending poverty and environmental catastrophe demands fresh thinking
Outgoing special rapporteur David Boyd says ‘there’s something wrong with our brains that we can’t understand how grave this is’
You would think that we have more than sufficient troubles caused by global warming, pollution, resource depletion, biodiversity loss, ecosystem disruption and a few more. But there is a problem that’s not directly related to the natural world, but by a purely human construction: the financial market. Here is a discussion by Ian Schindler — maître de conference émérite (emeritus professor of mathematics) at the University of Toulouse 1, France, who proposes that we are close to a financial collapse.
A focus on economic stability in the near-term makes the climate crisis worse in the long-term.
An independent think tank producing data-driven analysis on how business and finance are impacting the climate crisis
This report examines the economic and business models needed to address the impacts of the plastics economy.
We’re sharing the open letter published to accompany the start of the “Beyond Growth” conference at the European Parliament, and signed by members of the Zagreb Degrowth Conference team.
Chemicals yield profit of about $4bn a year for the world’s biggest PFAS manufacturers, Sweden-based NGO found
This paper catalogues current efforts to address climate change within multilateral economic and financial institutions and related organizations. It also proposes a minimum set of policy measures that need to be prioritized by such institutions to support climate change mitigation and adaptation. The proposals include expanding public climate finance via multilateral development banks, doing more to mobilize private investment, mainstreaming climate considerations across institutional operations, making climate disclosures mandatory, and addressing sovereign debt distress to unlock private climate finance.
Many people believe that wind, solar and electric vehicles are solutions to our energy problems. In this post I talk about the important role complexity plays. Growing complexity uses energy in hidden ways. The result tends to be more energy use, rather than less, as complex solutions such as wind turbines, solar panels and electric vehicles are added. Many measures of energy desirability give unreasonably favorable ratings to wind and solar and electric vehicles. The problem is that dual systems are needed, driving up energy consumption. Without enough energy, economies tend to collapse. This is a form of simplification.
A beauty company has appointed a director to represent nature on its board, giving the natural world a legal say in its business strategy. Faith In Nature, which sells soap and haircare products, as well as household cleaners and shampoo for dogs, says it is the first company in the world to give nature a formal vote on corporate decisions that might affect it