Transition Brockville archive

Tag : EROEI (2)

Our economic growth system is reaching limits in a strange way

Our Finite World / Gail Tverberg / 17 March 2016

imf-world-real-gdp-forecastWe are experiencing a world economy that seems to be reaching limits, but the symptoms are not what peak oil groups warned about. Instead of high prices and lack of supply, we are facing indirect problems brought on by our high consumption of energy products. In my view, we have a double pump problem.

We don’t just extract fossil fuels. Instead, whether we intend to or not, we get a lot of other things as well: rising debt, rising pollution, and a more complex economy.

The system acts as if whenever one pump dispenses the energy products we want, another pump disperses other products we don’t want. Let’s look at three of the big unwanted “co-products.”

[ FULL ARTICLE ]

Exhausted world stuck in permanent stagnation warns IMF

The Telegraph / Ambrose Evans-Pritchard / 07 April 2015

slow lane fast laneThe IMF said the world as a whole has seen a “persistent reduction” in its growth rate since the Great Recession and shows no sign of returning to normal, marking a fundamental break in historical patterns.

This exposes the global economic system to a host of pathologies that may be hard to combat, and leaves it acutely vulnerable to a fresh recession. It is unclear what the authorities could do next to fight off a slump given that debt ratios are already at record highs and central banks are running out of ammunition.

[ FULL ARTICLE ]

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The Transition Framework

Transition initiatives share many of the same goals as other groups, and work collaboratively with a variety of organizations in their local areas. Transition differs in that it focuses specifically on preparing communities for the changes associated with unprecedented resource depletion and transitioning away from fossil-fuel dependency.

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