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Posts Tagged ‘economy’

Video: More on natural capital with Pavan Sukhdev

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The Economist recently featured an interview with ‘green economist’ Pavan Sukhdev on their regular segment ‘Tea with The Economist’. Pavan Sukhdev is a study leader for The Economics of Ecosystems and Biodiversity study (TEEB), a report commissioned by the G8+5 and funded by the European Union. He is special advisor and head of the UN Environment Program’s (UNEP) Green Economy Initiative, also funded by the EU/EC and Norway. In the following video interview, Sukhdev discusses natural capital and economic as well as political solutions to preserving and encouraging biodiversity an environmentally conscious business practices. Pavan Sukhdev on the green economy…

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Consumerism: the new religion of the developed world

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Consumerism is the new religion of the developed world.  Feeling blue?  Go buy something, they tell us, you’ll feel better.  Already happy?  Great, go celebrate by buying something else. Advertisers sell shopping as a hobby, a pastime, like playing tennis. And when your garage gets full, and there’s no place to park the car, no worries… for a small monthly fee you can rent a storage unit. But with all these possessions, are we any happier? It sure doesn’t seem so.  Social scientists now tell us that experiences, not possessions, make us happier over the long haul.  Pretty, shiny things…

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UK launches £10m research project to stop insect decline

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Due to concerns over the rapid decline in the population of Britain’s insect pollinators in recent years, a research program was launched on Tuesday, allotting £10m (€12m) to the discovery of why bees and other insects are dying off. If all insect pollinators in the UK became extinct, it would cost the national economy £440m (€534m) per year. And although honeybees get most of the attention, they are just one of Britain’s many crucial pollinator insect species. From an article in the Guardian: According to the Centre for Ecology and Hydrology, three of the 25 British species of bumblebees are…

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UK: Former chief scientist calls for a ‘defossilising’ of the economy

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London: At a press conference on low carbon transport, the UK government’s former chief scientific adviser, Sir David King, criticized the country’s industry and political leaders for not preparing for decreasing oil supplies. King claimed that conventional oil reserves are actually 30% less than commonly stated and that demand could overtake supply by 2015. From a report in the Guardian: While transport is seen as the most difficult sector to decarbonise, action needs to be taken immediately to keep people and goods moving while reducing reliance on fossil fuels, he said. As oil supplies diminish, we are being pushed into…

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Give the Trees a Voice: Become Part of the Rulemaking Process That Protects US National Forests

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I have been reading The Lord of the Rings lately. One of my favorite characters from these books is Treebeard (or Fangorn—and the rest of the Ents). Not only are the Ents tree-like in appearance, but Tolkien did an awesome job at showing us how important they are to the world, even without us realizing it. They provide us with shelter and protection, food and nourishment, and even wisdom and council. They will listen to us talk when no one else will and they are quite steadfast and strong, even through the direst of storms. We owe the trees and…

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Nuclear power in Sweden: A question of jobs and the climate

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Job growth and climate change trump safety concerns amongst most Swedes when it comes to the use of nuclear energy and apparently also the storage of nuclear waste. The Swedish parliament may have (at least until recently) regularly voted to phase out nuclear power in Sweden, but the Swedish public is less steady in their feelings about atomic energy. A poll from 2008 by market research agency Synovate and newspaper Dagens Nyheter showed that 48% supported the construction of new nuclear power stations, with 39% against and 13% undecided. By contrast, only one political party (Folkpartiet or the Liberal Party)…

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Economics, equality and the environment: Growth is not always good

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In an interview with Der Spiegel, economist and globalization critic Noreena Hertz discusses the flaws of judging a country’s success by GDP and brings up other ways to measure economic and material prosperity: GDP only measures a small part of economic success. Some really important aspects are ignored. Take sustainability, for example. It’s absurd that a country can have high growth rates because it has a lot of polluting industry. The quality of the air, health, progress made by women, child care and social cohesion — these are all important economic factors. The innovation or robustness of an economy are…

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A Green Economy: How the Environment and Economy Go Hand-in-Hand

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The world today faces two main problems: the economy and the environment. Some would suggest these 2 issues go hand-in-hand. Many have different ideas on how to deal with them. However, very few can agree on what should be done about them. Recently, I was sent a rather interesting video that gives some interesting ideas on how to deal with these very problems. Promoted by The Wilderness Society, this particular video talks about how helping the environment will also help the economy. In particular, it focuses on creating a more “green economy”. Considering the path the world has been on…

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Economist Pavan Sukhdev on ‘natural capital’ and the green economy

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The green economy is the only sustaining economy. It is one that values its natural resources properly and uses them sparingly and for the right intent. In the spirit of the earlier post on ‘new economics’ or non consumption-based economic ideas that include green issues, here is a bit more on models for economic development that don’t depend on standard GDP growth: In an interview with The Ecologist, Deutsche Bank economist Pavan Sukhdev explains economic ideas that factor in conservation, climate change, biodiversity and the concept of ‘natural capital’. Proposed and existing models of carbon trading schemes put a negative…

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