The information age is actually the age of mass burning

In this short video, Richard Heinberg explores why The Great Burning — the combustion of oil, coal, and natural gas — must come to an end during the next few decades. If the twentieth century was all about increasing our burn rate year after blazing year, the dominant trend of twenty-first century will be a gradual flame-out.

Richard urges us – at corporate, government and local level – to accept the situation and start to plan to slow down, localise and accept that we must give up some things.

How shall we manage the last days of the great burning? What role can Environmental Fiscal Reform play?

Read more:

Richard Heinberg

Environmental Fiscal Reform

Putting the Real Story of Energy and the Economy Together

No-one lays it on the line better about how economy and energy are linked than Gail.

Gail Tverberg's avatarOur Finite World

What is the real story of energy and the economy? We hear two predominant energy stories. One is the story economists tell: The economy can grow forever; energy shortages will have no impact on the economy. We can simply substitute other forms of energy, or do without.

Another version of the energy and the economy story is the view of many who believe in the “Peak Oil” theory. According to this view, oil supply can decrease with only a minor impact on the economy. The economy will continue along as before, except with higher prices. These higher prices encourage the production of alternatives, such wind and solar. At this point, it is not just peak oilers who endorse this view, but many others as well.

In my view, the real story of energy and the economy is much less favorable than either of these views. It is a story of…

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Circle way camp aims to offer a holiday embracing a healing, inclusive, healthy culture

StoryTaking place for the thirteenth year in succession, the Circle Way camp, deep in the Swedish countryside, with Native American Medicine Story as the keeper of the heart, is developing in the spirit of Transition to offer a holiday embracing a culture of inclusiveness, healing and harmony.

“Think seven generations ahead before every important decision”

Native American saying

This year the theme is seven generations, and how generations need each other.

Circle Way Camp revolves around the North American Indian tradition: to meet in the great circle, smaller discussion groups (clans), men’s circle, women’s circle, sweat lodge ceremonies, story time, dance and song games and more. In addition, children have their own clans and playtimes. All this is combined with the best of the Swedish summer culture and the Transition movement; Open Space discussion groups, entertainment with open stage, sauna, swimming in natural lake, forest walks and long delightful evenings around the camp fire. As a special luxury campers are treated to a delicious vegetarian lunch buffet every day. (And there are rooms with separate, renewable energy heated bathrooms and showers for comfort lovers.)

Says camp general, Stephen Hinton: “This year’s theme is bringing generations together in a new, creative and rewarding way. They say it takes a village to raise a child. But they also say it takes a child to raise a village! People can come on their own or invite their parents, grandparents, mothers, children, grandchildren, nieces to a vacation that can be one of the summer’s highlights. And we have arranged really deep discounts for families; I think this year it makes a lot of sense to bring as many with you as you can. That’s what we want, it’s a big lake and there’s room for everyone.”

Continue reading “Circle way camp aims to offer a holiday embracing a healing, inclusive, healthy culture”

The Barsac Declaration – how to save lives and the environment

Some time ago, a group of scientists, dieticians and other concerned individuals got together to ask themselves if there was a diet that was optimum for health and for the environment. Their concern was mostly around the state of the nitrogen cycle in Europe as well as health issues from over-consumption of animal products.

The idea of a declaration of what was needed for a healthy diet and environment was developed on 29 October 2009 at Barsac, France at a workshop of experts convened by the EU NinE and BEGIN programmes. The works has come to be known as the Barsac declaration. Continue reading “The Barsac Declaration – how to save lives and the environment”

Profit warning

Marxist economist Michael Roberts warns of falling corporate profits. I believe one contribution is the continuing complexity of the world that is taking up more and more time to administer. See what you think.

michael roberts's avatarMichael Roberts Blog

The final estimate of US GDP in the fourth quarter of 2014 came out today. US real GDP growth was left unrevised at 2.2% year-on-year in the final three months of the year and the figure for the whole of 2014 was unrevised at 2.4%. Mainstream economists were keen to suggest that the current quarter in 2015 ending this week could show a pick-up.

But none mentioned the really important development – that corporate profits fell in the fourth quarter, increasing the risk of a new slump in investment in 2015-16. Profits fell $30.4 billion in the fourth quarter, in contrast to an increase of $64.5 billion in the third. This seems mainly due to a fall in profits from overseas as the dollar’s strength drove income gathered in other currencies down. This meant that corporate profits are lower by 0.2% from this time last year and are down 0.8%…

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Dividend-bearing pollutant fees in simulation at European Phosphorus Platform

BERLIN 5 MARCH 2015: As an extra attraction at the 2nd European Sustainable Phosphorus Conference (ESPC2), The Swedish Sustainable Economy Foundation (TSSEF.SE) presented a shortened version of its simulation of divided-bearing pollutant fee mechanism. The  simulation, which is played as a business game scenario, pits a government charged with reducing emissions of phosphorus against food producers and property owners who are charged with following regulations and keeping profits up.

The aim of the simulation is to bring participants up close to the myriad of factors  – from technical and legal to emotional – surrounding putting a price on pollution. The simulation is aimed at giving participants an idea of how Environmental Fiscal Reform (EFR) works. The simulation highlights the dividend-bearing pollutant mechanism created by TSSEF. Basically a surcharge is levied as high up in the supply chain as possible on potential pollutants. (Pollutants are also useful substances, just in the wrong form and the wrong place.) Essential to understanding the levy is that it is paid back to taxpayers – to ensure that consumers retain spending power. Download the poster here. Continue reading “Dividend-bearing pollutant fees in simulation at European Phosphorus Platform”

Banks can play an important role in driving prosperity. Making money on asset-flipping doesn’t do it.

Professor Werner calls on Universities to look more into the role of local banks and the role of banks in general in the economy.

https://www.youtube.com/watch?v=zT5F9PIMasc&feature=youtu.be

 

In this speech from MOTALA in Sweden Professor Werner explains the problem of large banks only investing in buying and selling assets, instead of investing in the local community in productive projects that create jobs.

The oil glut and low prices reflect an affordability problem

Excellent piece explains why energy prices at a low do not necessarily mean the economy will pick up. Assumptions by economists about energy prices are not confirmed in our highly networked economy as Our Finite World explains.

Gail Tverberg's avatarOur Finite World

For a long time, there has been a belief that the decline in oil supply will come by way of high oil prices. Demand will exceed supply. It seems to me that this view is backward–the decline in supply will come through low oil prices.

The oil glut we are experiencing now reflects a worldwide affordability crisis. Because of a lack of affordability, demand is depressed. This lack of demand keeps prices low–below the cost of production for many producers. If the affordability issue cannot be fixed, it threatens to bring down the system by discouraging investment in oil production.

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