This is a brief overview of research carried out by CapGlobalCarbon intern Paul Faisant over the summer of 2018, in which he explored the idea of the EU forming a partnership with a group of Asian countries so as to completely eliminate the production and import of fossil fuels on all of their territories, while also reducing poverty and inequality.
"Ireland’s policymakers exist in an insulated bubble; congratulating themselves on reducing the debt-GDP ratio and high employment due to the sleight of hand of low corporate tax rates, " writes Tim Clarke. He argues that Ireland is hugely vulnerable to a global financial crash triggered by net energy decline, coupled with rapidly rising extreme global debts and many other factors: "Talk of a 'Celtic Phoenix' excites dull short memories, and another property bubble is in the making."
Patrick Noble warns us to "beware of grown-ups – the grown-up in ourselves as much as in others. Our true coming of age is into the spirit of the common; into the responsibilities of the rule of return and the maintenance of the joys of precious things."
Caroline Whyte argues that the only way to achieve degrowth without crashing the global economy is to change the way that money is issued. Yet, paradoxically, it would be advisable for central bankers to continue to publicly disagree with the Vollgeld and other debt-free-money campaigns’ suggested financial reforms - and for the campaigners to continue their campaigns regardless, not letting themselves be discouraged by the officials' stance.
"If we are going to survive the turmoil of the years ahead, we are going to need a deeper understanding of ourselves and what makes for our emotional well-being." write Brian Davey in the first chapter of his book Credo.
"It should be a natural relief to step back inside natural limits. Limits have forms, sounds and scents – we can touch them – taste them. They should feel like home. We’ll be prodigals shuffling homeward from a wild fossil-fuelled adventure to finally open the familiar garden gate," writes Patrick Noble.