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Our energy hunger is tethered to our economic past
Our energy hunger is tethered to our economic past Civilization may need to “forget the flame” to reduce CO2 emissions. Just as a living organism continually needs food to maintain itself, an economy consumes energy to do work and keep things going. That consumption comes with the cost of greenhouse gas emissions and climate change, […]
How much oil remains for the world to produce? Comparing assessment methods, and separating fact from fiction
How much oil remains for the world to produce? Comparing assessment methods, and separating fact from fiction Abstract This paper assesses how much oil remains to be produced, and whether this poses a significant constraint to global development. We describe the different categories of oil and related liquid fuels, and show that public-domain by-country and global […]
Central Planners At Work
Central Planners At Work Consumption without Production “Every man is a consumer, and ought to be a producer”, observed 19th century philosopher Ralph Waldo Emerson. “He is by constitution expensive, and needs to be rich.” Ralph Waldo Emerson (May 25, 1803 – April 27, 1882), who inter alia opined on consumers and the need to not only consume, but also […]
There Will Be No Recovery Without Production
THERE WILL BE NO RECOVERY WITHOUT PRODUCTION Through most of the coronavirus crisis, those who have made the case for stay-at-home, reduce or stop work, and narrow the range of retail shopping to assure “social distancing” to reduce the spread of the virus have accused their critics of being more interested in preserving livelihoods than […]
Chinese Debt Could Cause Emerging Markets to Implode
CHINESE DEBT COULD CAUSE EMERGING MARKETS TO IMPLODE The novel coronavirus has brought the world economy to a grinding halt. Global growth is set to fall from 2.9 percent last year into deep negative territory in 2020—the only year besides 2009 that this has happened since World War II. Recovery will likely be slow and […]
Is an Increase in Demand Key for Economic Growth?
IS AN INCREASE IN DEMAND KEY FOR ECONOMIC GROWTH? Whenever the so-called economy shows signs of weakness most experts are of the view that what is required to prevent the economy sliding into recession is to boost the overall demand for goods and services. If the private sector fails to increase its demand then it […]
How to Be a Producer In a Nation of Consumers
How to Be a Producer In a Nation of Consumers In this world, there are two kinds of people. You can be a consumer or you can be a producer. Neither one is inherently good or bad – these are just descriptive terms. You can produce 100% of your own food and have a terrible […]
The Transition Towns Movement … going where?
The Transition Towns Movement … going where? The global predicament cannot be solved other than through a Transition Towns movement, and the emergence of such a movement has been of immense importance. But I fear that the present movement is not going to do what’s needed. Four years ago I circulated reasons for this view. […]
Globalization is Poverty
Globalization is Poverty Marc Riboud Zazou, painter of the EIffel Tower 1953Central bankers have never done more damage to the world economy than in the past 10 years. One may argue this is because they never had the power to do that. If their predecessors had had that power, who knows? Still, the global economy […]
Perfect storm heads for fossil fuel assets
Perfect storm heads for fossil fuel assets A natural gas refinery next to a cemetery in New Mexico, US. Image: Christina Xu via Flickr Coal, oil and gas sectors warned that trillions of dollars of assets could be stranded if a global agreement on limiting climate change is reached at the UN summit in Paris. LONDON, 25 November, […]
Sustainability for Whom?
Sustainability for Whom? The mission of UPSTREAM (formerly Product Policy Institute) is “sustainable production and consumption and good governance.” Sometimes I feel like we’re swimming against the tide in advocating a role for government action in ensuring sustainable production and consumption. Big brands like Wal-Mart, Nestle, Procter and Gamble can effect rapid, systemic change in their global […]
