Transition Brockville archive

Tag : Economic disruption (102)

Climate change to take big chunk of Canadian economy

Globe and Mail / Bob Weber / 22 April 2021

Canada will be more than $100 billion poorer by 2050 if the world doesn’t work harder to fight climate change, says one of the world’s largest insurers.

That anticipated drop in GDP is much higher than the economic effect the COVID-19 pandemic is projected to have on the country’s gross domestic product, said Jerome Haegeli, chief economist for Swiss Re, a multinational corporation that insures insurance companies, large corporations and governments.

“That’s huge,” Haegeli said from Zurich on Thursday.

[ FULL ARTICLE ]

Benefits of ‘drastic’ climate action outweigh costs: economists

CTV News / Patrick Galey / 30 March 2021

The cost of global warming will far outweigh the cost of rapidly cutting greenhouse gas emissions, more than 700 economists from around the world said Tuesday in an unprecedented call to climate action.

A major international survey found that nearly three-quarters of the economists responding believed that “immediate and drastic” action was needed to limit the fallout of climate change, warning that the costs of failing to slash carbon pollution would rapidly balloon to reach trillions of dollars every year.

[ FULL ARTICLE ]

Value(s) by Mark Carney – call for a new kind of economics

The Guardian / Will Hutton / 21 March 2021

In a mix of rich analysis mixed with pages that read like a dry Bank of England minute, he blames the three great crises of our times – the financial crash, the pandemic and the climate emergency (he is the UN’s special envoy on climate action and finance) – on twisted economics, an accompanying amoral culture, and degraded institutions whose lack of accountability and integrity accelerate the system’s dysfunction. Thus banks lost control of reality in a fantasy world in which balance sheets could grow exponentially without risk – another market would handle that – indulged by governments and regulators who believed that markets were always right. Then came the Covid pandemic, for which western governments were singularly unready, relying on dubious cost-benefit analysis rather than valuing what we as humans tend to – our lives and looking out for one another. The same mistake is being made with climate change.

[ FULL ARTICLE ]

‘Hot Money’: a dire warning on climate change, financial system

NBC News / 2 March 2021

Scientists are raising the alarm about the worsening impact of climate change, and a new documentary, “Hot Money,” is issuing a dire warning on the ripple effect that climate change could have on the financial system.

Our Planet: Too Big To Fail

WWF / 18 September 2020

How can the finance sector help save the planet? The sector’s leading voices explore the crucial role of finance in turning the tide on climate change and nature loss.

From feast to famine

Queen's Alumni Review / Andrew Stokes / 2020 Issue #3

This past February, Paul Sawtell (Artsci’02) offered me a tour of the low-slung warehouse in North York that holds his business, 100km Foods. As we walked, he talked about the pride he felt moving into the space. How when he started the enterprise with his wife, Grace Mandarano, he couldn’t have dreamed of being big enough to need its more than 8,000 square feet.

Back in 2008, they’d started 100km Foods to link the farms of the Ontario Greenbelt to the restaurants and stores that wanted local seasonal food. Now, after 12 years of growth in fits and starts, they were on strong footing. They had hundreds of clients, a staff of over two dozen, and had just been awarded a “Best for the World” designation by B Corp.

[ FULL ARTICLE ]

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The Transition Framework

Resilience is the ability of a system or community to withstand impacts from outside. An indicator is a good way of measuring that. Conventionally, the principal way of measuring a reducing carbon footprint is CO2 emissions. However, we firmly believe that cutting carbon while failing to build resilience is an insufficient response when you’re trying to address multiple shocks such as peak oil, climate change and the economic crisis together.

— Transition U.S.
TB Projects

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