Economics and climate change

When we account for endogenous technology, we find that the transition to cleaner energy is much more important than simply reducing energy consumption, and that technological interventionsneed to be redirected far more aggressively than they have been. Similarly, when one incorporates more realistic assumptions about the costs of global warming – including the possibility of climate tipping points – one’s conclusions about how to approach the problem tend to change substantially. 

How Democracy Can Win Again | by Gergely Karácsony - Project Syndicate

“our generation is cursed with more than “just” a massive political and social upheaval. We are also facing a climate crisis that calls into question the very preconditions upon which modern societies are organized. Progressives like me see this, too, as a direct consequence of how our economic system works. Infinite, unregulated economic growth – capitalism’s core dynamic – simply is not compatible with life on a planet with finite resources. As matters stand, our capitalist system drives more extraction and generates more emissions every year.”

How Democracy Can Win Again | by Gergely Karácsony - Project Syndicate
via Instapaper

Airlines and CO2

Aviation accounts for about 2.5% of global carbon emissions. This is a big deal because it would make the aviation sector the world’s 7th largest carbon emitter if it were a country. Airlinesaccount for roughly about 1 billion tons of carbon emissions. Sweden, Greta Thunberg’s home country, contributes 40 million tons. California, the leader in US climate policy, accounts for about 250 million tons. Thus, aviation accounts for 25 times Sweden’s emissions and four times California’s emissions.

Vaccine apartheid

In Africa, though, the numbers are far, far worse. Only 3.5 percent of eligible Kenyans have received a jab, 1.3 percent of Nigerians and just 0.09 percent of people in the Democratic Republic of Congo. More than 1.3 billion people live on the continent, and less than 2 percent of them have been completely vaccinated. Critics are furious about the "vaccine apartheid" and condemn the "vaccine nationalism" of wealthy industrialized countries.

Gerd Leonhard

Collapse or reset !

Civilizations make three great mistakes when it comes to economics.The first is consuming more than they invest. The second is investing in things that don’t really create wealth. The third is not distributing that wealth equitably enough for social stability and the virtuous cycle of lasting prosperity to really ignite.

Codex AI

Codex, built by OpenAI, one of the world’s most ambitious research labs, provides insight into the state of artificial intelligence. Though a wide range of A.I. technologies have improved by leaps and bounds over the past decade, even the most impressive systems have ended up complementing human workers rather than replacing them.

ESG futures

The most egregious example of the ESG industry’s self-serving vagueness — its ‘cloudy linguistics’ and ‘marketing gobbledegook’, in Fancy’s words — is the blurring of the distinction between risk and impact. As Fancy writes, ‘protecting an investment portfolio from the disastrous effects of climate change is not the same thing as preventing those disastrous effects from occurring in the first place.’One salutary effect of the ESG backlash will be to make it much harder to dress up ESG risk management as being about making the world a better place.

Serendipity Mindset

In my research into what makes individuals and organisations fit for the future, one insight has come up again and again: many of the world’s leading minds have developed a capacity, often unconscious, to turn the unexpected into positive outcomes. Developing this ‘serendipity mindset’, as I call it, is both a philosophy of life and a capability that you can shape and nurture in yourself. (Note, while this approach has been successful across many settings, it does need to go hand in hand with tackling the structural inequality related to factors such as race, gender and income.)