Menu
— 05 December 2022 —

Can banks stop climate change?

Economy

Banks and investors have already committed to financing more fossil fuel development than the planet’s atmosphere can safely absorb, according to London-based Carbon Tracker. If we have a chance of keeping average global heating below 1.5°C – a boundary scientists warn us we must not cross if we hope to prevent global catastrophe – many existing fossil fuel development plans will need to be abandoned. In other words, we are past the point of waiting. We must stop additional new fossil fuel development today.

Michael Northrop

Read full article by Michael Northrop in Environmental Finance

More articles

Oct 15 2023

The blue dollar economy

Dollarization of the Argentine economy, which appeared an eccentric wish only a few months ago, now dominates media headlines and dinner table discussions and has...
Oct 10 2023

The tragedy on the financial horizon is closer than you think

In September 2015, then Bank of England Governor Mark Carney gave a landmark speech on the “Tragedy of the Horizon.” The concept was simple: climate change creates...
Oct 10 2023

Climate risks place 39 million U.S. homes at risk of losing their insurance

From California to Florida, homeowners have been facing a new climate reality: Insurance companies don’t want to cover their properties. According to a report released...
Sep 08 2023

Degrowth: The awakening of consciousness before an alternative

by Juan Ignacio Marin in Resilience.org….It is important to emphasize that the ideals of degrowth do not advocate a defense of economic poverty, but rather call...
Aug 25 2023

How Musk, Thiel, Zuckerberg, and Andreessen—four billionaire techno-oligarchs—are creating an alternate, autocratic reality

by Jonathan Taplin in Vanity Fair…..In an excerpt from his new book, The End of Reality, the author warns about the curses of AI and transhumanism, presenting the...
Aug 10 2023
,

Economics for the future – Beyond the superorganism

by NJ Hagens in Ecological Economics….Our environment and economy are at a crossroads.

Abstract painting of sunset
Jul 06 2023

The Superorganism V. The Doughnut

by Nate Hagens in The Great Simplification…..Increasingly, these shortfalls in both ecological and social well-being of the current economic system are becoming...
Abstract painting of sunset
Jun 20 2023

Why it seems everything we knew about the global economy is no longer true

by Patricia Cohen in The New York Times…While the world’s eyes were on the pandemic, China and the war in Ukraine, the paths to prosperity and shared interests...
Jun 18 2023

The global polycrisis reflects a civilizational crisis that calls for systemic alternatives

By Zack Walsh, Polycrisis Transition Consultancy…A review of emerging definitions of polycrisis within cognate bodies of scientific literature exploring societal...
Jun 16 2023

Global tech supply chains are as complex as a circuit board

by Brendan O’Connor in Instick….The logic of the Palo Alto System that Stanford developed in breeding horses — that is, the logic of capital, articulated as...