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economy
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
WEAll is a collaboration of organisations, alliances, movements and individuals working towards a wellbeing economy, delivering human and ecological wellbeing.
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.
Wheat is an important global crop, but new research suggests that fungal toxins have contaminated half of all European wheat produced for food. the widespread presence of vomitoxin in our food is concerning. It is not yet known how constant, low-level dietary exposure to mycotoxins can affect human health in the long term. This is compounded by the fact that one-quarter of the wheat contaminated with vomitoxin also contained other FHB mycotoxins, raising concerns of synergism, where toxins interact with each other and cause greater harm than the sum of the individual toxins acting alone.
On June 30, 2022, the Supreme Court issued a landmark opinion in West Virginia v. EPA that substantially limited the authority of the Environmental Protection Agency (the EPA) to regulate carbon emissions from power plants. Because the opinion concerned the proper scope of executive agency rulemaking, the decision may have profound effects on other regulatory agencies, including the Securities and Exchange Commission.
The Securities and Exchange Commission today proposed rule changes that would require registrants to include certain climate-related disclosures in their registration statements and periodic reports, including information about climate-related risks that are reasonably likely to have a material impact on their business, results of operations, or financial condition, and certain climate-related financial statement metrics in a note to their audited financial statements. The required information about climate-related risks also would include disclosure of a registrant’s greenhouse gas emissions, which have become a commonly used metric to assess a registrant’s exposure to such risks.