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Rescooped by SustainOurEarth from Tracking the Future onto Sustain Our Earth |
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If climate scientists' prophesies of an ice-free Arctic Ocean pan out, the world will witness the most sweeping transformation of geopolitics since the Panama Canal opened. Seafaring nations and industries will react assertively -- as they did when merchantmen and ships of war sailing from Atlantic seaports no longer had to circumnavigate South America to reach the Pacific Ocean.
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"A report by the UN Environment Programme's Finance Initiative (UNEP FI) says loss of soils, forests, and fisheries, as well as rising resource costs, are likely to become increasingly important to a nation's economic health – and may therefore affect its ability to repay or refinance sovereign debt."
This excellent report makes the link between the world's financial debt crisis and the global ecological debt crisis. The debate on austerity gets a completely different dimension if you look at this double challenge. Via Willy De Backer Delete the scoop?
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"Expensive oil ... does appear to be suffocating the debt-ridden, global economy, just as it is trying to recover ...
Unfortunately, mainstream economists, including those in government, seem oblivious to the close relationship between energy, debt, and economy, and this means they are unable to see that expensive oil is one of the primary underlying causes of today’s economic problems. Via Willy De Backer Delete the scoop?
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