It’s Time for the Economy to Shrink

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With the frequent boom and bust cycles the economy goes through it is rare for people to argue that perhaps the downward portion of cycles should continue. Shrinking the economy can actually be a good thing when done with good direction. DW has gathered many examples of places and people around the world that are improving despite their economies declining.

Instead of recklessly pursuing economic progress we should consider slowing down and pursue sane economic and environmental progress.

Currently, few question the pursuit of economic growth. From national economic policies to international programs for sustainable development, growth has typically been the goal.

But some economists now argue that on a planet with finite resources, we may have to stop growing in order to survive.

“More economic growth means more and material extracted out of nature, and more and waste after we use these materials,” sais Giorgos Kallis, an ecological economist and editor of “Degrowth: A Vocabulary for a New Era.”

“With the current level of economic growth – and aspired levels of growth – there is no way to avoid dramatic and catastrophic change of the climate.”

Read more.

Canada to Phase Out Coal Power Plants

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The Canadian government has decided to end the use of coal for electricity by the year 2030. To make up the lost production the provinces which still use coal will have to replace their power plants with sustainable alternatives. This makes a lot of sense since using coal for electricity is really (really really really) bad for the environment and, as regular readers of this site know, the cost of setting up renewable energy is getting cheaper every year.

Let’s hope that other countries follow suit and stop using coal to produce electricity.

In announcing the plan today, federal Environment Minister Catherine McKenna said about 80 per cent of Canada’s electricity currently comes from clean sources such as hydroelectric power, nuclear, wind and solar. The goal is to make 90 per cent of electric power generation free of greenhouse gas emissions by 2030.

“This will help build a more sustainable future, and it is also a great economic opportunity,” she said during a news conference in Ottawa.

The plan accelerates the current timetable for the four provinces that still burn coal for electricity — Alberta, Saskatchewan, Nova Scotia and New Brunswick — to either capture carbon emissions, adopt technology or shut down the plants.

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Celebrating Resiliency

The Rockefeller Foundation has produced a new documentary celebrating areas humans live in that are designed to be resilient to climate change. By building our cities and countries around the concept of resiliency we can better prepare for what’s ahead when it comes to unpredictable and extreme weather. It’s design thinking applied on a ecosystem level that allows human civilization to continue while supporting existing natural systems.

The clip above is focussed on Louisiana post hurricane Katrina, the movie explores other places around the world that have also rejuvenated their loyal ecosystems to thrive once again.

Resilience is also a key theme at Rockefeller, which believes national, even global change can start at a city level. In a way, municipalities are the perfect ecosystems to try transformational projects that other cities can tweak or adopt. To that end, the group has invested over a half billion dollars in various resilience initiatives including the National Disaster Resilience Competitionand 100 Resilient Cities.

According to Carter, the film’s concept began with the idea of chronicling several success stories that others could learn from. The group quickly realized that had they enough material for a movie about the broader global movement. Resilience test cases include New Orleans, which has rebuilt better, greener and stronger in the wake of Hurricane Katrina.

Read more.
Watch the full movie here.

Global Carbon Output Decreases

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In order to avert catastrophic climate change we need to dramatically cut global carbon output. That’s what the Paris Agreement is all about and it comes in to force in just three more days. The really good news is not just that we have decreased carbon output it’s also that the Paris Agreement is going to accelerate the decline. Things are looking good in the carbon reduction portfolio!

The biggest driver was a decline in China’s coal consumption, which resulted a 6.4% drop the carbon intensity of the world’s second biggest economy.

A centrally-led shift of the economy to a service-based industry has begun to shut down the vast coal-fuelled steel and cement sectors. For the first time, China led the rankings table for the biggest drop in intensity.

The UK and US were also significant contributors, reducing by 6% and 4.7% respectively, to the overall drop as both governments introduced policies that pushed coal plants out of business. In the UK coal use dropped by 20% for the second year running.

Richard Black, director of the Energy and Climate Intelligence Unit (ECIU), said: “In the week in which the Paris Agreement comes into force, this is very promising news in showing that the dominant paradigm of economic growth is swiftly changing, which makes the Paris targets look more achievable.

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Watch Before the Flood Right Now

When I started this website about good news I never thought I would be mentioning Leonardo DiCaprio, but here we are. The award winning actor teamed up with Fisher Stevens to create a really good documentary about the state of climate change. The documentary weaves together the historical context we find ourselves in and how the current power structures (economic and political) contribute to the ongoing issues around climate change. Change is happening faster than predicted and the documentary encourages us to act even faster.

It’s a good documentary that paints a dreary picture but not without hope for saving the future.

Here’s the trailer in case you need more convincing.