FEASTA encourages policymakers and activists to take the opportunity, as the US re-engages with the Paris Climate Agreement, to include a science-based, equity-based, and people-based method of achieving the 1.5 degree goal: CapGlobalCarbon.
Organisers of the joint Feasta/CEF webinar BEYOND GDP: Governance and Budgeting for Well-being have expressed concern that Ireland lacks the concrete legal structures that are needed to bring about a well-being-oriented economy.
“Within the crisis there is an opportunity to move to more resilient, fairer and equitable economic and community systems. The hope is once there is a good understanding of the reality of our situation, a great deal of community cooperation can be unleashed.”
Feasta climate group members warmly welcome the news that Friends of the Irish Environment has launched a legal action campaign against the Irish government’s failure to take the required action to avert dangerous climate change. We hope this will lead to substantive action by the government.
We find the latest IPCC report's emphasis on climate as a "global commons problem" helpful and constructive. However, the economy must break its dependency on GDP growth in order to achieve emissions reduction without economic collapse. Fortunately the potential exists for significant co-benefits from climate mitigation, including poverty alleviation and reduced inequality. Grassroots legal action could help give teeth to the international institutions needed for cooperation.
Yesterday's exit of the troika simply indicates a transfer of Ireland's allegiance back to the international bond markets, not a restoration of sovereignty. The Irish economy’s profound vulnerability could be addressed via a commons-based financial system and energy independence.