energy

End of the Oilocene – The Gathering Storm

"Properly understood, money acts simply as a ‘claim’ on the output of the energy economy and driving up the aggregate of monetary claims only increases the scope for their elimination in a process of value destruction," warns Tim Clarke. He goes on to argue that Ireland is in a particularly vulnerable financial position, which is likely to lead to severe problems in the near future.

A no-deal Brexit and debt forgiveness in Ireland (and elsewhere)

It may well be necessary to make some very quick decisions about debt forgiveness in Ireland (and several other EU countries) in the aftermath of a no-deal Brexit. Brian Davey's 2015 article from Credo provides concrete suggestions for achieving widespread debt forgiveness without crashing the economy, and is more relevant than ever now.

Ecologist article advocating CapGlobalCarbon-style approach to eliminating greenhouse gases while reducing inequality

A recent article in the Ecologist magazine by Laura Bannister and Paul Harnett advocates capping carbon on a global basis and distributing the proceeds from the sale of fossil fuel permits. This approach is along the same lines as the Feasta climate group’s CapGlobalCarbon initiative. The article also contains other useful analyses and links: https://theecologist.org/2019/aug/06/basic-income-and-global-commons

Basic income now: a high-leverage system intervention for sanity, humanity and ecology

This paper by Anne Ryan makes the case for basic income as a key policy instrument for addressing our problems, and is an introduction to a series of forthcoming blog posts that will include excerpts from, and up-to-date commentary on, her book Enough is Plenty.