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Economy

Limits to growth: policies to steer the economy away from disaster

From The Conversation: If the global economy grows by 3% till 2100, it will be 60 times larger than now.  The existing economy is already environmentally unsustainable, so we simply cannot“decouple” growth from environmental impact. This paper looks at policies that could facilitate a planned transition beyond growth–while considering the huge obstacles along the way.

Indian Independence: Made in U.S.A.?

Colin Todhunter writes: At a time when India commemorates the end of British rule, it finds itself under siege from international capital. Its not only on course to become an even weaker and more hobbled state permanently beholden to US state-corporate interests, but it is heading towards environmental catastrophe much faster than many may think.

Google engineers say today’s RE technologies won’t save us. So what will?

From IEEE Spectrum: At the beginning, engineers at RE<C, Google’s now defunct renewable energy initiative, had shared the attitude of many environmentalists: They felt that with steady improvements to today’s renewable energy technologies, society could stave off catastrophic climate change. They now know that to be a false hope—but that doesn’t mean the planet is doomed.

The Dirty 120: Urgewald exposes world’s biggest coal plant developers

From Mining Review Africa: Environmental NGO Urgewald has revealed companies that are at the forefront to expand the world’s coal-fired power by 42.8%. The report identifies the 120 companies that are planning about 850 new coal plants in 62 countries–including Indian coal majors Adani, Tata, Lanco and Coal India, which are driving the biggest plants.

A grain of truth: RCEP and the corporate hijack of Indian agriculture

Colin Todhunter writes in Countercurrents.org: A combination of debt, economic liberalisation, subsidised imports, rising input costs and a shift to cash crops (including GM-cotton) has caused massive financial distress to small farmers in India. The Regional Comprehensive Economic Partnership (RCEP), a trade deal now being negotiated by 16 countries across Asia-Pacific, could accelerate this process.

Mapped: How the West massively outsources carbon emissions to the rest

Carbon Brief reports: A startling 22% of global CO2 emissions stem from the production of goods that are consumed in a different country. However, traditional inventories do not include emissions associated with imports. While Western countries have reduced domestic emissions recently, some of this reduction has been offset by increasing imports from countries like China.

Modi govt’s environment policy endorses everything that bodes well for business

From The Wire: From its environmental track record, one thing that emerges is the current government’s penchant for innovation, be that its earliest initiative – wanting to ‘reform’ (or dismantle) key environmental laws – or the subsequent interventions that have ended up in subverting the management of natural ecosystems, spanning forests, rivers, coasts and wetlands.

Felix Padel: Adivasi economics may be the only hope for India’s future

India’s Tribal communities are under extreme pressure, right from big dams and mines to violent insur gencies and militarisation engulfing their lands. In 25 years, will these communities cease to exist? Or, will they represent thriving, revitalised models of egalitarian sustainability that the rest of the world has come to recognise and is learning from?

Spotlight: China’s communist-capitalist ecological apocalypse

From Truthout.org: This superbly researched 2015 paper explains why China’s unfolding environmental crisis is so horrific, so much worse than “normal” capitalism most everywhere else, and why the government is incapable of suppressing pollution even from its own industries. It should serve as a warning for India, whose official policies increasingly mimic the ‘China model’.

Only a unified Kisan identity will make politicians take notice of the agrarian crisis

Devinder Sharma writes: In the past 21 years, over 3.18 lakh farmers have committed suicide; that’s one farmer ending his life every 41 minutes. Every death on the farm infuriated the farmers, their families. But political leaders have always ignored the warning. Not realising that the day farmers wake up, Indian politics will change forever.

Get ready for peak oil demand

From The Wall Street Journal: While most big oil companies foresee a day when the world will need less crude, timing peak oil demand has proven controversial. Most Big European producers predict that a peak could emerge as soon as 2025 or 2030, and are overhauling long-term investment plans to diversify away from crude oil.

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