These are curious times. Even as the world burns, sustainable finance and green capitalism are booming: Sustainability Reporting. Net Zero. Climate Finance. ESG. Green New Deal. By some estimates, assets invested with environmental, social and governance (ESG) criteria now top £35 trillion. Why would investors put money into an asset [continue …]
Mutual aid. Local money. Collaborative care. Alternative futures are being created around the world -. but not, for the most part, in plain sight. David Bollier’s new book – Commoner’s Catalog for Changemaking: Tools for the Transitions Ahead – brings dozens of social projects like these to [continue …]
In pre-market-based societies, goods and services were distributed on the basis of gift-giving and reciprocity. The most effective strategy for security, in an age without bank accounts and insurance policies, was to develop a reputation for generosity and sharing. This is a heart-warming story – so shall we put it to [continue …]
Few artefacts embody so much mental, but also material energy, as a high design furniture from Milan. Will this sector be viable when the true social and environmental costs of industrial production start to be charged, rather than hidden?
Well maybe, and maybe not: my lecture is followed by [continue …]
Roughly once a week, I admonish myself for spending too much time reading financial blogs. “Focus on the positive,” I tell myself. “Raging at politicians and banksters is a waste of your life energy. Build an alternative reality to theirs. Go and plant a carrot”.
So yesterday I went into [continue …]
The Guardian says today [Friday] that the (G20) summit’s biggest loser may have been the fight against climate change. “Hundreds of billions were found for the IMF and World Bank, but for making the transition to a green economy there is no money on the table”.
The Guardian quotes diplomatic sources [continue …]
An unlikley climate change alliance has emerged: China and Christian Aid. Both argue that countries should take responsibility for their aggregate greenhouse gas emissions to ensure fair play as nations strive to halve global emissions by 2050.
He Jiankun, a professor from Tsinghua University, says today that developed [continue …]
I’m waiting eagerly for my copy of a new book to arrive, recommended to me by Patrick Beeker: Sustainable Energy – without the hot air. Its author, David McKay, Professor of Natural Philosophy at Cambridge University, has responded to an urgent global challenge: how to make sense of the [continue …]
I imagine you’re having the same experience that I am? All around me, people are figuring out that the money situation may be mad, but it’s not complicated.
As the Big Dipper of financial bloggers, Ilargi, writes today, for example: “Stocks are plummeting once more all around the world, [continue …]
George Monbiot, in today’s Guardian, also links the financial crisis and the ecological crisis.”The financial crisis shows what happens when we try to make the facts fit our desires”, writes Monbiot. “The two crises have the same cause. In both cases, those who exploit the resource have demanded impossible [continue …]
I was critical last week of commentators who describe the financial crisis as “psychological”.
Those who blame a “lack of transparency” are on stronger ground – although ignorance of the facts or the law is not a valid excuse in other domains of life.
I have this image of the 19-strong Emergency Economy Committee sitting down in Number 10 Downing Street in London (as they did yesterday, for the first time) to discuss the money crisis. The economy war-room is lined with screens on which red graphs plunge downwards. The Prime Minister calls the [continue …]
According to Illargi over at Automatic Earth, although today’s contested $700 billion+ plan will probably get the go-ahead, it does not even begin to address the true scale of the global problem.”Far more money than that [continue …]
We don’t know yet whether $85 billion dollars will be enough to save American International Group (AIG), the world’s biggest insurance firm (although some apparently insider commentators are not reassuring).
But could an architect have been responsible for starting the panic?
The Stern Review, when it [continue …]