WEAVE: Whole-Earth Active-Value Economics

The new economics of Earth-systems integrity Whole-Earth Active Value Economics (WEAVE) starts from the recognition that all artificial value — everything we account for in monetary terms — is like foam on the deep ocean of what makes life on Earth feasible. Natural system value is worth far more, and is ultimately the source and the measure of all that we account for. Our exclusion … Continue reading WEAVE: Whole-Earth Active-Value Economics

The Day the World Stood Still

During the 2018 United Nations Climate Change negotiations (the COP24), co-chairs of the Intergovernmental Panel on Climate Change presented the latest scientific findings about what would happen if the world warms by 1.5ºC on average above pre-industrial levels. It was a special plenary session, meaning every nation was represented, as well as every international agency, and as many observers as could fit. What happened in … Continue reading The Day the World Stood Still

The Future is Regenerative Prosperity

Freedom means living without the state-of-nature fear that powerful predators (of whatever kind) will impose harm with impunity. Any economic sense of human freedom, from any angle, requires an economy in which no market actor is predatory and no person, regardless of wealth or status, is significantly limited in their freedom to choose better, healthier options. That means polluters will have little room to run, … Continue reading The Future is Regenerative Prosperity

Adaptation Affects the Value of Everything

REPORT FROM THE 2019 V20 MINISTERIAL DIALOGUE ON ADAPTATION Vulnerabilities driven by climate change are affecting people across our global community, in diverse ways, but increasingly as part of their everyday experience. The V20 Ministerial Dialogue on Adaptation, held at World Bank Headquarters earlier this month, addressed the need to accelerate adaptation, reduce vulnerability, and establish ongoing means of support for financial and institutional resilience, … Continue reading Adaptation Affects the Value of Everything

Workshop on Uses of Revenues from Carbon Pricing Policies

Carbon pricing is increasingly seen by governments not only as a cost-effective policy to incentivize emission reductions, but also as a source of revenue. In 2017, governments raised US$33 billion in carbon pricing revenues. This amount is expected to be higher as carbon prices increase and jurisdictions with carbon pricing grow. As the revenues grow, there is also an increasing demand for transparency on how … Continue reading Workshop on Uses of Revenues from Carbon Pricing Policies

Bipartisan carbon fee and dividend bill now before U.S. Congress

The Energy Innovation and Carbon Dividend Act puts a price on carbon-emitting fuels, at the source, and delivers all revenues to households as monthly dividends. With a steadily rising fee and steadily rising dividends, the plan sends a clear, predictable price signal to producers and is projected to reduce greenhouse gas emissions 90 percent by 2050. On November 27, 2018, the Energy Innovation and Carbon … Continue reading Bipartisan carbon fee and dividend bill now before U.S. Congress

Katowice sets standards for accelerated climate action

The COP24 in Katowice, Poland, was an opportunity to design and activate a global process to secure human liberty and prosperity. While it was not a meeting to solve all problems at once or to end climate change today, the defined outcome — the Katowice Climate Package [PDF] — provides some clear guidelines for nations to work toward a climate-smart future. While progress on each … Continue reading Katowice sets standards for accelerated climate action