What is sustainable development and what is the idea of a green economy? What is the role of the green economy in the current triple crisis? The short video discusses the concept and in particular the concerns about a green economy, especially with regards to inequality and poverty. The short statements in the video also reflect other possibilities of transformation.
The idea of a Green New Deal was launched into popular consciousness by US Congressperson Alexandria Ocasio-Cortez in 2018. Evocative of the far-reaching ambitions of its namesake, it has become a watchword in the current era of global climate crisis. But its new ubiquity brings ambiguity: what - and for whom - is the Green New Deal?
Das Ziel des Green New Deal ist es, eine „soziale und ökologische Transformation unserer Wirtschaft“ anzustoßen (Giegold und Mack 2012, S. 40). Doch inwieweit werden bei der sozialen Transformation auch feministische Anliegen mitgedacht?
After completing the module, participants should be able to analyse the concepts of degrowth, ecological unequal exchange, Green New Deal, and embeddedness by applying theories situated within the fields of academic research of Ecological Economics and Political Ecology.
After a brief illustration of sovereign green bonds’ features, this paper describes the market evolution and identifies the main benefits and costs for sovereign issuers. The financial performance of these securities is then analysed.
Green Growth has been increasingly discussed as a solution to the socio-ecological crisis. But can economic growth be sustainable at all?
In this essay, Professor Robert Pollin explores the short falls of the degrowth perspective in handling the impending environmental collapse as well as elaborates on the efficacies of a green new deal.
In this article, Gareth Dale analyzes and compares the main characteristics and differences of two visions that are currently emerging to tackle Climate Change: the Green New Deal and Degrowth. Which are the consequences from the environmental, economic and political point of view? And what are the underlying doctrines?
The first day of the workshop is intended to initiate students to the foundational concepts of ecological economics. Ecological economics is an ecological critique of economics, applying the energetics of life to the study of the economy. It also investigates the social distribution of environmental costs and benefits. It does so by deconstructing concepts that are taken for granted like “nature” or “the economy”, excavating their ideological origins.
Bei der Klimafrage müssen nicht nur ökologische, sondern auch gesellschaftliche Aspekte berücksichtigt werden. Denn ein dauerhaftes Makromanagement, das die Natur zwar preislich abbilden kann, dessen Richtungsbestimmung aber privatisiert bleibt, wird weder das Klima noch die Demokratie retten.
Smith contends that there is no possible solution to our global ecological crisis within the framework of any conceivable capitalism. The only alternative to market-driven planetary collapse is to transition to a largely planned, mostly publicly-owned economy based on production for need, on democratic governance and rough socio-economic equality, and on contraction and convergence between the global North and South.
As part of a larger series on Just Transitions, the author describes how the current corona crisis comes with new economic policy responses which would have been considered unthinkable only a year ago. Arguing that with the current high levels of confidence in politicians and scientific advice, combined with the realisation that the market has not been able to solve this problem on its own, we are now in a unique position to implement a radically different solution than was politically possible previously.
Decoupling debunked: Evidence and arguments against green growth as a sole strategy for sustainability
From the theoretical literature, the authors provide seven reasons to be sceptical about the occurrence of sufficient decoupling in the future. In addition to the extensive summary of the recent literature, 'decoupling debunked' provides a great introduction into the decoupling hypothesis.
Unsere ökologischen Lebensgrundlagen sind in Gefahr – aber woran liegt das und wie kann man das verändern? Breite Unterstützung genießen „grüne“ Technologien, von ihnen wird die Trendwende zu einem nachhaltigen Umgang mit natürlichen Ressourcen erwartet. Kontrovers wird hingegen diskutiert, wie tief die Ursachen der ökologischen Krise in den sozio-ökonomischen Strukturen, Lebensweisen und Weltsichten unserer modernen kapitalistischen Gesellschaft wurzeln.
Recovery from the Covid-19 crisis provides a chance to implement economic measures that are also beneficial from environmental and social perspectives. While ‘green’ recovery packages are crucial to support economies tracking a low-carbon transition in the short-term, green measures such as carbon pricing are also key to improving welfare in the long-term. This commentary specifies the need for carbon pricing, outlines its implications for our everyday lives, and explains how it works alongside value-based change in the context of climate action and societal well-being.
The Great Recession 2.0 is unfolding before our very eyes. It is still in its early phase. But dynamics have been set in motion that are not easily stopped, or even slowed. If the virus effect were resolved by early summer—as some politicians wishfully believe—the economic dynamics set in motion would still continue. The US and global economies have been seriously ‘wounded’ and will not recover easily or soon. Those who believe it will be a ‘V-shape’ recovery are deluding themselves. Economists among them should know better but are among the most confused. They only need to look at historical parallels to convince themselves otherwise.
On July 2020 ZOE-Institute published a unique platform for transformative policymaking: Sustainable Prosperity. Building on insights from new economic thinking the platform provides knowledge about ideas, arguments and procedures that support effective promotion of political change. It aims to strengthen change makers in public policy institutions, who are working on an ambitious green and just transition. As such, it provides convincing arguments and policy ideas to overcome the reliance of economic policy on GDP growth
Environmental catastrophe looms large over politics: from the young person’s climate march to Alexandria Ocasio-Cortez’s Green New Deal, increasing amounts of political space are devoted to the issue. Central to this debate is the question of whether economic growth inevitably leads to environmental issues such as depleted finite resources and increased waste, disruption of natural cycles and ecosystems, and of course climate change. Growth is the focal point of the de-growth and zero-growth movements who charge that despite efficiency gains, increased GDP always results in increased use of energy and emissions. On the other side of the debate, advocates of continued growth (largely mainstream economists) believe that technological progress and policies can ‘decouple’ growth from emissions.
In this series of webinars, several researchers face different topics related to Degrowth. Money, health, Green New Deal, Anarchism, and many more.
Shadow banking became one of the main features of modern market based financial capitalism and financial globalisation. Daniel Gabor locates this development in a Super-Cycle framework and sketches out opportunities to launch a new cycle that is green and just through financial regulation and publicly organised sustainable finance.
Das vorliegende Dossier stellt die grundverschiedenen Ansätze des "Degrowth" sowie des "Green Growth" gegenüber, wägt ihre Vor- und Nachteile ab und versucht einen Mittelweg zu finden.
Marxian Political Economy focuses on the exploitation of labour by capital. The economy is not conceived as consisting of neutral transactions for exchange and cooperation, but instead as having developed historically out of asymmetric distributions of power, ideology and social conflicts.
As the world's energy system faces a period of unprecedented change, a global struggle over who controls the sector--and for what purposes--is intensifying. The question of "green capitalism" is now unavoidable, for capitalist planners and anti-capitalist struggles alike.
This is a new online course at bachelor level. It presents an introduction into macroeconomics with a specific focus on the euro area. The theoretical part provides a critical presentation of the two key macroeconomic models: the (neo)classical approach and the Keynesian approach. This allows a comparative analysis of important macroeconomic topics: unemployment inflation government debt and Modern Monetary Theory banks and financial crises. The policy-oriented part discusses the monetary policy of the ECB and the specific challenges for fiscal policy in the euro area. The course also presents other euro area specific topics: Optimum currency area, euro crises, Next Generation EU and Green New Deal.
This course is an introduction to macroeconomics with a specific focus on the euro area. The theoretical part provides a critical presentation of the two key macroeconomic models: the (neo)classical approach and the Keynesian approach. This allows a comparative analysis of important macroeconomic topics: - unemployment - inflation - government debt and Modern Monetary Theory - banks and financial crises. The policy-oriented part discusses the monetary policy of the ECB and the specific challenges for fiscal policy in the euro area. The course also presents other euro area specific topics: Optimum currency area, euro crises, Next Generation EU and Green New Deal.
Im Angesicht der Klimakrise und der Fridays-for-Future-Proteste hat das Netzwerk Plurale Ökonomik unter #Economists4Future dazu aufgerufen, Impulse für neues ökonomisches Denken zu setzen und bislang wenig beachtete Aspekte der Klimaschutzdebatte in den Fokus zu rücken. Dabei geht es beispielsweise um den Umgang mit Unsicherheiten und Komplexität sowie um Existenzgrundlagen und soziale Konflikte. Außerdem werden vielfältige Wege hin zu einer klimafreundlichen Wirtschaftsweise diskutiert – unter anderem Konzepte eines europäischen Green New Deals oder Ansätze einer Postwachstumsökonomie. Hier finden Sie alle Beiträge, die im Rahmen der Serie erschienen sind.
Dr. Katherine Trebeck explains some reasons why we should believe the future of the economy should be a wellbeing economy.
This lecture is based on the “Introducing the Economy” chapter from the Economy Studies book, which introduces the first building block in their framework for transforming the economics education. The aim is to give students a feel and understanding of the economy as part of a bigger whole. Thus, it is aimed to introduce to students before getting into the economics curriculum with theory and models.
What made the false assumption that saving the economy at all cost during a pandemic so popular? This paper discusses different pathways through the COVID-19 pandemic at national and international level, and their consequences on the health of citizens and their economies.
As the current economic crisis spreads around the globe questions are being asked about what king of capitalist or post-capitalist economy will follow. There is increasing talk of the need for stringent economic regulation, the need to temper greed and individualism, to make the economy work for human and social development.
Adam Smith and Karl Marx recognized that the best way to understand the economy is to study the most advanced practice of production. Today that practice is no longer conventional manufacturing: it is the radically innovative vanguard known as the knowledge economy.
In this essay the author elaborates on the EU's perspective on the fast growing sector of the platform economy.