United Nations secretary general António Guterres has warned that the world is facing “a direct existential threat” and must rapidly shift from dependence on fossil fuels by 2020 to prevent “runaway climate change”. Guterres called the crisis urgent and decried the lack of global leadership to address global warming. “Climate change is moving faster than we are,” Guterres said on Monday. “We need to put the brake on deadly greenhouse gas emissions and drive climate action.” He said people everywhere are experiencing record-breaking temperatures and extreme heatwaves, wildfires, storms and floods “are leaving a trail of death and devastation”.
Guardian 11th Sept 2018 read more »
Capitalism as we know it is over. So suggests a new report commissioned by a group of scientists appointed by the UN secretary general. The main reason? We’re transitioning rapidly to a radically different global economy, due to our increasingly unsustainable exploitation of the planet’s environmental resources and the shift to less efficient energy sources. Climate change and species extinctions are accelerating even as societies are experiencing rising inequality, unemployment, slow economic growth, rising debt levels, and impotent governments. Contrary to the way policymakers usually think about these problems these are not really separate crises at all. These crises are part of the same fundamental transition. The new era is characterised by inefficient fossil fuel production and escalating costs of climate change. Conventional capitalist economic thinking can no longer explain, predict or solve the workings of the global economy in this new age. Those are the implications of a new background paper prepared by a team of Finnish biophysicists who were asked to provide research that would feed into the drafting of the UN Global Sustainable Development Report (GSDR), which will be released in 2019.
Independent 12th Sept 2018 read more »