We CAN afford the Green New Deal and the technology and expertise is available

The Good News About a Green New Deal, The New Yorker, March 2019 Last month’s rollout of the Green New Deal, a fourteen-page legislative resolution, sponsored by Representative Alexandria Ocasio-Cortez and Senator Ed Markey, that called for “net-zero greenhouse gas emissions” through a ten-year “national mobilization,” has sparked a good deal of controversy. The resolution was larded with goals not directly tied …

World’s largest sovereign wealth fund (Norwegian) worth $1 trillion, divests from all fossil fuels

Citing ‘Permanent Oil Price Decline,’ Norwegian Fund’s Fossil Fuel Divestment Could Spark Global ‘Shockwave’, by Jon Queally, Common Dreams, March 08, 2019 “The decision should sound like a red alert for private banks and investors whose oil and gas assets are becoming increasingly risky and morally untenable,” say climate campaigners The Norwegian government announced Friday a bold recommendation for the Norwegian Sovereign Wealth Fund …

New Mexico Senate Passes 100% Carbon-Free Electricity Target

New Mexico Senate Passes 100% Carbon-Free Electricity Target It still needs to pass the House, but the governor has already endorsed it. The state’s largest utility has too. By JULIAN SPECTOR GTM, 7 Mar 2019 If it passes, the bill’s long-term popularity will hinge on how much consumers have to pay for it. PSCO of New Mexico New Mexico has joined the drumbeat of …

Capitalism rewards extractive activities, but has a great structural difficulty in financing generative impacts

Michel Bauwens: I very strongly believe this is one of the key solutions for climate change mitigation, and more generally, about creating ‘circular finance’ mechanisms, i.e. rewarding generative, rather than extractive activity. Capitalism rewards extractive activities, but has a great structural difficulty in financing generative impacts. One of the potential solutions are ‘circular finance’ mechanisms, in which positive and generative …

The Economy for the Common Good: A Workable, Transformative Ethics-Based Alternative, by Christian Felber

By Christian Felber, Vienna University of Economics and Business and Gus Hagelberg, Coordinator for International Expansion of the ECG more, February 27, 2017,  MONEY & BANKING, DEMOCRACY & GOVERNANCE This paper by Christian Felber and Gus Hagelberg, published alongside three others, is one of many proposals for a systemic alternative we have published or will be publishing here at the Next System Project. You can read it …

North Carolina groups call for end to utility monopoly, 100% renewable energy

North Carolina groups call for end to utility monopoly, 100% renewable energy: Their petition calls on elected officials to transition the state to 100% renewables; end Duke Energy’s monopoly on generation; refuse to accept campaign contributions from the utility; and appoint citizen-oriented utility commissioners. PV.com, WILLIAM DRISCOLL, FEBRUARY 18, 2019 Jamie Goodman, Appalachian Voices Fifteen organizations aim to transition North Carolina to …

How militarization impedes the Green New Deal

By Cameron Orr, People’s World. February 17, 2019 | EDUCATE! Fighting for a Green New Deal in the United States will require uniting all popular forces against the main barriers to social and ecological progress. The Sunrise Movement, which has brought the Green New Deal to the forefront of conversations about the environment, has identified fossil fuel interests as a main barrier to a green …

Creating an Ecological Society: Under capitalism, people are at the service of the economy, as workers and consumers of goods and services. In contrast, the economy of an ecological society will be at the service of humanity and its needs

How does capitalism impede the development of an ecological society?  By its very nature capitalism operates in ways that harm people and the broader environment. The purpose of capitalism is to produce something (a good or a service) using hired labor, raw materials and machinery and sell it for more than the production cost. The motivating and driving force of the …

Are Investors Finally Waking Up to North America’s Fracked Gas Crisis

By Justin Mikulka, DeSmog Blog February 10, 2019 The fracked gas industry’s long borrowing binge may finally be hitting a hard reality: paying back investors. Enabled by rising debt, shale companies have been achieving record fracked oil and gas production, while promising investors a big future payoff. But over a decade into the “fracking miracle,” investors are showing signs they’re worried that payoff will never come …