Remember climate change? Believe it or to, even with COVID-19 dominating our consciousness, the environment is still a thing. A new report by NGFS – a voluntary group of central bankers concerned about the environment – reckons the world’s global GDP could fall by 25 percent by 2100 if we do not do more to reduce greenhouse gas emissions. Whilst their intent might be right, Steve Keen is concerned that their modelling is wrong. Like most of the economics profession there is no application of systems thinking. Models are too simplistic, ignore tipping points and assume a closed system that doesn’t account for vital external variables. He says the worst of humanity is dragging us into a crisis, exploiting the worst of human behaviour – that we don’t think it will personally affect us.
Climate Crisis
Daniela Gabor – Wall Street will not save the planet from climate crisis. Only you can
Daniela`s talk in Berlin on 23 October 2019. The talk explores the emerging consensus between private finance and regulatory authorities, that a market-driven turn to Sustainable Finance will accelerate the transition to low carbon economies. It […]
Economics
Steve Keen – A Simple Solution to the Banking Crisis That No Country Will Implement
In the US the government cannot buy Treasury Bonds. Why this is so and why it dangerous, as we saw in the case of SVB. Steve Keen is a Distinguished Research Fellow, Institute for Strategy, […]
Climate Crisis
Steve Keen, Phil Dobbie – Energy, a free market failure
It’s clear, when energy becomes short in supply, free market forces can’t look after all of society. Just the wealthy. That’s why governments are having to step in, propping up an industry that is raking […]
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