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The Great Transition
Policy news & blueprints for the transition to a new Sustainable and Social Economy
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It's time for a local banking system

It's time for a local banking system | The Great Transition | Scoop.it
Tony Greenham: We need banks that focus on the real economy, individuals and small business, not speculation and remote investments...

 

This article in the Guardian makes a lot of sense, but then again "going local" might be the new fashion in sustainability thinking but is not always without its problems and challenges too. What we ultimately will need is a fundamental reform of the role and functioning of ALL banks in society.

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Playing with fire: Obama's risky oil threat to China

Playing with fire: Obama's risky oil threat to China | The Great Transition | Scoop.it

Michael Klare, author of the insightful book "Rising Powers, Shrinking Planet" warns that the Obama administration is trying to contain Chinese power in the Asian Pacific.

 

"When it comes to China policy, is the Obama administration leaping from the frying pan directly into the fire? In an attempt to turn the page on two disastrous wars in the Greater Middle East, it may have just launched a new Cold War in Asia -- once again, viewing oil as the key to global supremacy."

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Ready ... set ... go! The European decarbonisation race is on

At the European Energy Review, Sonja van Renssen provides a great overview of stakeholder views on the upcoming EU Energy Roadmap 2050.

 

Her conclusion: "Despite all the modelling, it is the decisions taken by policymakers that will determine what our energy future will look like."

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CO2 targets fuel auto industry divisions | EurActiv

CO2 targets fuel auto industry divisions | EurActiv | The Great Transition | Scoop.it
Meeting in Brussels on Friday (2 December), car manufacturers failed to agree a common position towards EU proposals that would cap automobile CO2 emissions at 95 grammes per kilometer (g/km) by 2020.

 

Good EurActiv article on the internal struggle in the European automotive industry on future carbon targets for new cars.

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What Can Save the Euro?

What Can Save the Euro? | The Great Transition | Scoop.it
It is increasingly evident that Europe’s political leaders, for all their commitment to the euro’s survival, do not have a good grasp of what is required to make the single currency work.

 

Joseph E. Stiglitz expresses his doubts about European leaders' effectiveness in finding a solution to the Eurocrisis

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Rise of the TIMBIs

Rise of the TIMBIs | The Great Transition | Scoop.it

"Forget the BRICs. The real economies that will shake up the world over the next few decades need a new acronym."

 

How Turkey, India, Mexico, Brazil, and Indonesia will be the next economic superstars. Very interesting article in Foreign Policy.

 

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The Political Case Against Out-Sized Executive Pay

The Political Case Against Out-Sized Executive Pay | The Great Transition | Scoop.it
The exponential growth in executive compensation over the last thirty years, as compared to slow growth in average worker pay, has been at the center of debates about the financial crisis and its aftermath.

 

The Harvard Business Review blog has this excellent analysis by Ben Heineman on extreme compensation growth for CEOs  in companies and the societal implications.

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Why energy journalism is so bad

Why energy journalism is so bad | The Great Transition | Scoop.it
Energy futurist Chris Nelder tries to explain why most energy journalism is so bad, and gives readers a few tips on how to read it critically.

 

Being an energy journalist myself, I could not agree more. But then again, it is energy literacy in general in society and in our education systems which needs a serious rethink.

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European proposals: EU planners hint at fairytale future

Imagine a future in which Europe derives virtually all its power from thousands of windmills and other sources of renewable energy.

 

The FT's Joshua Chaffin calls the renewable energy scenario in the EU's upcoming Energy Roadmap a "fairytale" and warns that ultimately consumers will have to pay the price for the low-carbon future. Problem is, Joshua, that continuing to rely on "extreme" or unconventional fossil fuel energy will be no less than a "nightmare" (for climate, environment and also in price we will pay for our energy). Sometimes fairy tales do come true.

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Time for progressive companies to deal with the climate change bad guys

Time for progressive companies to deal with the climate change bad guys | The Great Transition | Scoop.it
Business leaders who embrace sustainability should expose those ignoring the imperatives of climate change...

 

Excellent analysis by Simon Zadek in the Guardian's Sustainable Business blog.

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Shale-Gas Drilling Cost in Poland Triple U.S., Schlumberger Says

Shale-gas drilling in Poland costs almost three times as much as in the U.S., said Schlumberger Ltd., the world’s largest oilfield-services provider.

 

Interesting admission from one of the key industries. At these costs will shale gas development ever be profitable in Europe?

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FAO report: "Energy-smart" agriculture needed to escape fossil fuel trap

FAO report:  "Energy-smart" agriculture needed to escape fossil fuel trap | The Great Transition | Scoop.it

High and fluctuating prices of fossil fuels and doubts regarding their future availability mean that agri-food systems need to shift to an "energy-smart" model, according to the report Energy-Smart Food for People and Climate.

 

Mandatory reading for all policymakers involved in the debate on the European Common Agricultural Policy reform.

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Coal study names top 20 'climate killer' banks

Coal study names top 20 'climate killer' banks | The Great Transition | Scoop.it

Barclays, the Royal Bank of Scotland and HSBC are among the top banks that have lent billions of euros to the coal sector – despite their much-vaunted environmental credentials, a new investigation has found.. (source: the Guardian)

 

No surprise there really, short-term profits still trump all sustainability greenwashing.

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Monbiot on nuclear: hard-hitting attack on green movement

Monbiot on nuclear: hard-hitting attack on green movement | The Great Transition | Scoop.it

"This year the environmental movement to which I belong has done more harm to the planet’s living systems than climate change deniers have ever achieved."

 

UK top journalist George Monbiot is very harsh in his critique of the anti-nuclear movement in Europe.

 

"Anti-nuclear campaigners have generated as much mumbo-jumbo as creationists, anti-vaccine scaremongers, homeopaths and climate change deniers. In all cases, the scientific process has been thrown into reverse: people have begun with their conclusions, then frantically sought evidence to support them."

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Ernst & Young: Shale Gas in Europe - Revolution or Evolution?

Ernst & Young: Shale Gas in Europe - Revolution or Evolution? | The Great Transition | Scoop.it

In Europe, shale gas will not have the transformational impact it has had in the United States according to a new Ernst&Young report.

 

Social acceptance, environmental challenges and different fiscal and regulatory regimes will influence the pace and size of shale gas production in Europe more than it has done in the US.

 

Read the full report via http://3Eintelligence.wordpress.com .

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Who rules Europe? Merkozy or financial markets?

Who rules Europe? Merkozy or financial markets? | The Great Transition | Scoop.it

(Reuters) - Standard & Poor's has warned it may carry out an unprecedented mass downgrade of euro zone countries if EU leaders fail to deliver a convincing agreement on how to solve the region's debt crisis in a summit on Friday.

 

Another example of how our political leaders are being hijacked by the powers of the financial markets. Isn't it time someone stopped this new form of financial terrorism? When will our Merkozy's declare war on this terrorism?

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Is the European Union Missing Another Window of Opportunity for Arctic Energy Resources?

Is the European Union Missing Another Window of Opportunity for Arctic Energy Resources? | The Great Transition | Scoop.it

"The current developments in the Barents Sea can be regarded as both a temporal and structural “window of opportunity” for the development of a privileged energy partnership between the EU and Norway, with obvious advantages for the EU."

 

This interesting article on the Arctic Institute web site makes the case for increased cooperation between Norway and the EU concerning energy and resource policies for the Arctic.

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Governments must tackle record gap between rich and poor, says OECD

Governments must tackle record gap between rich and poor, says OECD | The Great Transition | Scoop.it
The gap between rich and poor in OECD countries has reached its highest level for over half a century, and governments must act quickly to tackle inequality, according to a new OECD report.

 

Even the Club of the Rich starts worrying about rising inequalities and the societal protest resulting from the divide.

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Democracy and Debt | Michael Hudson

Germany's Frankfurter Allgemeine has translated this brilliant analysis on the relationship between debt and democracy. This article should be mandatory reading for anyone with an real interest in the Eurocrisis and the implications for European democracy.

 

More on this via my 3E Intelligence blog at http://3eintelligence.wordpress.com

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International consortium of NGOs calls for coordinated action on geoengineering research

"Nations, NGOs and individuals must engage in a wide-ranging dialogue to explore both the potential risks and benefits of solar geoengineering and establish effective governance arrangements for research, according to a new report ..."

 

 

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From Conspicuous Consumption to Collective Consumption

From Conspicuous Consumption to Collective Consumption | The Great Transition | Scoop.it

In the Social Europe Journal, Nat O'Connor looks at the challenge of sustainable consumption for social-democrat politicians and trade union leaders.

 

He rightly questions "three 'sacred cows' of traditional social democratic economic policy that may need to be genetically modified to become sustainable"

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Predictions for cleantech in 2012

Predictions for cleantech in 2012 | The Great Transition | Scoop.it
What will 2012 have in store for the cleantech/greentech market? Kachan & Co. offers its predictions for the new year, calling 2012 a mixed bag for cleantech.

 

This is an incredibly interesting and well-written report about the outlook for the clean technology in 2012. It lists opportunities as well as challenges and is a must-read for anyone interested in this sector.

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Changing climate of Republican opinion doesn't agree with Tea Party

Changing climate of Republican opinion doesn't agree with Tea Party | The Great Transition | Scoop.it
Nearly two-thirds of moderate or liberal Republicans believe there is solid evidence for global warming, Pew poll finds...

 

Finally a bit of good news on the U.S. climate front?

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EU unveils giant research funding programme | EurActiv

EU unveils giant research funding programme | EurActiv | The Great Transition | Scoop.it

The European Commission presented today (30 November) its €80-billion research funding programme for the decade - Horizon 2020 - with the aim of boosting research, stimulating innovation and simplifying the way scientists and smaller businesses can get funding for EU-backed projects.

 

The EU's research funding has a new name. Will it also have a new finality and bring innovative solutions for the big sustainability challenges or will it remain the "client-binding" programme it has always been with lots of great research but no relevance for policymaking.

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