Democracy & Governance

Steer clear of this climate ‘Ponzi scheme’

LAST winter, when carbon prices fell 15% in one week, industry analysts called it “carnage”. Then, in the fortnight before last month’s Durban climate summit, carbon prices fell more than 30%, with front-year European Union (EU) Allowance permits dropping below €8,50 a ton. And they have crashed even further since. 

 

 

 

 

 

 

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From Davos to Dystopia

From Davos to Dystopia

The World Economic Forum has released a new report calling for a “shift in mentality” to address a looming crisis typified by rebellion, protest, and political violence sparked by inequality and marginalisation across the world. The seventh edition of the organization’s Global Risks report highlights the increasing importance of marginalization as a security issue over the coming decades. It describes the “seeds of dystopia” threatening both social and political stability across the world.

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Durban’s Climate Debacle

Durban’s Climate Debacle

I arrived at the UN climate summit in Durban, South Africa with the news fresh in my mind that 2010 was a record year for global warming pollution—and that if we don’t start reducing global emissions by 2017, we’re cooked.

I left Durban with a profound disappointment in the world’s leaders, and the growing conviction that it will take people putting their bodies on the line to steer society away from suicidal climate change.

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