After innumerable stops and starts, Senators Joe Manchin (D-WV) and Chuck Schumer (D-NY) finally agreed on a legislative package, now called the "Inflation Reduction Act of 2022," that would lower prescription drug costs, extend health insurance subsidies, and reduce carbon emissions. The bill, according to its proponents, would also reduce the federal deficit by $300... Continue Reading →
IPCC report 2022: Climate change and its economic consequences
The IPCC report 2022 released on Monday warned that if emissions are not cut rapidly, heat and humidity will create conditions beyond human tolerance. Its economic impact could also be as devastating Source
With time running out to head off the worst damage from climate change, the United States government is starting to quantify the cost of inaction – for taxpayers. The White House Office of Management and Budget (OMB) released the first ever accounting of how unchecked global warming would impact the federal budget, looking at its... Continue Reading →
The future cost of climate inaction? $2 trillion a year, says the government
Updates: Billionaire Wealth, U.S. Job Losses and Pandemic Profiteers
August 23, 2021 Update: US Billionaires 62% Richer During Pandemic, up $1.8 Trillion; Wealth gain could pay for half of Biden’s $3.5 trillion package U.S billionaires have seen their wealth surge $1.8 trillion during the pandemic, their collective fortune skyrocketing by nearly two-thirds (62 percent) from just short of $3 trillion at the start of... Continue Reading →
The Hidden Subsidy of Fossil Fuels
Alas, such a clean fix is impossible, because the $5.2 trillion figure includes much more than a cash transfer from government to businesses. By the commonsense definition of the term, governments actually subsidized fossil fuels by $296 billion in 2017, according to the report.
“This is Loss and Damage – Who Pays” narrated by Mark Strong (COP26 Must Watch Video)
This is Loss & Damage - hurricanes, floods and forest fires are destroying homes and livelihoods around the world, particularly in poorest countries. Why has there been so little action on Loss and Damage by countries with the largest carbon footprints, despite promises made at the Paris Agreement 6 years ago? Governments have been in... Continue Reading →
World economy set to lose up to 18% GDP from climate change if no action taken, reveals Swiss Re Institute's stress-test analysis New Climate Economics Index stress-tests how climate change will impact 48 countries, representing 90% of world economy, and ranks their overall climate resilience Expected global GDP impact by 2050 under different scenarios compared... Continue Reading →
World economy set to lose up to 18% GDP from climate change if no action taken…
How We Get What We Value | From Climate Crisis to Real Prosperity
Mark Carney, former Governor of the Bank of England, argues that changing attitudes to value and the marketplace have contributed to a trio of crises: credit, Covid and climate. Mark Carney, the former Governor of the Bank of England, argues that the roots of the climate change threat lie in a deeper crisis of values.... Continue Reading →
Rep Says Tackling the Climate Crisis Is Good for the Economy…
‘It’s time we set the record straight about the false choice between our morals and our wallets’ — Tackling the climate crisis is good for the economy, says Rep. Sean Casten. Video Source...
New measures of success needed to avoid catastrophic breakdown, landmark review finds The world is being put at “extreme risk” by the failure of economics to take account of the rapid depletion of the natural world and needs to find new measures of success to avoid a catastrophic breakdown, a landmark review has concluded. Prosperity... Continue Reading →
Economics’ failure over destruction of nature presents ‘extreme risks’
To save the climate, we have to reimagine capitalism…
"Business is screwed if we don't fix climate change," says economist Rebecca Henderson. In this bold talk, she describes how unchecked capitalism destabilizes the environment and harms human health -- and makes the case for companies to step up and help fix the climate crisis they're causing. Hear what a reimagined capitalism, in which companies... Continue Reading →
empowerment & inner transformation... 