Browsing the "economy" Tag

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While Trump commission warns of climate risk to financial system, recommendations fall short of direct, immediate action

Especially considering that President Donald Trump and his appointees have spent the past few years serving corporate polluters by rolling back dozens of environmental regulations, climate campaigners on Wednesday welcomed a new federal report about how the human-caused planetary emergency endangers the U.S. financial system but also warned that its recommendations fall short of the ambitious action […]

September 14th

Labor Day: COVID-19 bailouts should target oil and gas workers and communities, not companies

As COVID-19 wreaks havoc across the U.S. economy, the oil and gas industry is a major casualty. U.S. petroleum consumption has fallen to its lowest level in decades due to travel restrictions and the economic slowdown. The U.S. Energy Information Administration forecasts crude oil production will fall to 11.7 million barrels per day (b/d) this year and further to […]

September 7th

Proving ‘A Different World Is Possible,’ Exxon dropped from Dow Jones after 92-year run

Climate campaigners on Tuesday marked a major milestone in the fight to eliminate the use of fossil fuels and transition to a green energy economy as ExxonMobil was dropped from the S&P Dow Jones Industrial Average after nearly a century. The oil giant, the oldest member of the Dow, was replaced on the index by software company Salesforce as more […]

August 26th

Yes we can! Reducing carbon emissions without hurting growth

Between 2005 and 2017, 41 U.S. states and the District of Columbia reduced their energy-related carbon dioxide emissions while increasing real gross domestic product, debunking the myth that economic growth can only occur by compromising the health of the planet. By Devashree Saha and Joel Jaeger World Resources Institute In a new report, America’s New Climate Economy, we […]

August 5th

Electrifying the US economy by 2035 could create 25 million green jobs

A report released Wednesday by a new nonprofit—in the midst of the coronavirus pandemic, the resulting economic disaster, and calls for a green recovery from those intertwined crises that prioritizes aggressive climate policies—lays out how rapidly decarbonizing and electrifying the U.S. economy could create up to 25 million good-paying jobs throughout the country over the […]

July 30th

After COVID-19, nations can tackle environmental crises by shifting priorities to sustainable development

A little over a year ago, in May 2019, a United Nations report on biodiversity made headlines for the bad news it contained: A million species at risk of extinction. The biosphere’s many contributions to people are being degraded by a variety of industrial activities and resource use. Freshwater, soils and a stable climate are […]

July 24th

Big Data is having an impact on big business – from environmental sustainability to the bottom line

Big data has the potential to improve environmental sustainability even within a business organization. Companies can employ analytics to generate insights about their output and consumption, then use the information to adapt their practices and meet a higher standard of efficiency. By Emily Folk Big data is the driving force behind the information revolution. According to estimates from […]

July 17th

‘The Game Is Up’: Report says asset sales and debt-driven dividends show fossil fuel industry cannot be saved

Recent efforts by oil and gas giants to project an outward appearance of financial stability amid the Covid-19 pandemic by selling off assets or accumulating debt to continue paying out steady shareholder dividends represent strong evidence that the fossil fuel industry has reached its “endgame” and should not be bailed out with taxpayer dollars. By Jake Johnson […]

July 14th

Economic benefits of protecting 30% of Earth’s land and ocean outweigh the costs 5-to-1

“This report unequivocally tells us that the time to finance nature—for people and for planet—is now.” That’s how Jamison Ervin, manager of the Global Program on Nature for Development at the United Nations Development Program (UNDP), summed up a new study commissioned by Campaign for Nature (CFN), a coalition of over 100 conservation groups and scientists who […]

July 13th

Coronavirus is a ‘sliding doors’ moment. What we do now could change Earth’s trajectory

The numbers of people cycling and walking in public spaces during COVID-19 has skyrocketed. Cities from Bogota to Berlin and Vancouver have expanded bike lanes and public paths to accommodate the extra cycling traffic. In Australia, the New South Wales government is encouraging councils to follow suit. By Pep Canadell, CSIRO; Corinne Le Quéré, University […]

Why we need a global Green New Deal NOW

The global economy is collapsing. When the pandemic began, experts at the International Monetary Fund predicted that we would see the worst economic downturn since the Great Depression. This week, they announced that it will be even worse than they thought. This disaster comes into a world already facing record inequality, desperate poverty, and a growing climate crisis. The COVID-19 pandemic […]

2.25 million file new unemployment claims – Powell says more stimulus needed or it’ll be YEARS before they find jobs

We’ve had plenty more news this week indicating just how bad things are economically now and how long they are likely to remain bad. Federal Reserve Chairman Jerome Powell, who has warned that gross domestic product could drop 30% this quarter, on Wednesday reinforced what other analysts have said about the crunch affecting American workers: ”It’s just going to be very […]

June 11th