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This working group is focused on sustainable economics and financial balance within resilient social ecologies.

The mission of this working group is to build sustainable economy and financial balance within resilient social ecologies.

Members

Corey Watts david hastings Elhadj Drame John Girard Kathy Gilbeaux LintonWells
Maeryn Obley mdmcdonald Samuel Bendett

Email address for group

economics@m.resiliencesystem.org

'Horror, fear, despair': Venezuela's oil capital shattered by 'tsunami' of violent looting

           

A smashed window is seen in one of the stores inside a shopping mall after looting in Maracaibo. Photograph: Isaac Urrutia/Reuters

theguardian.com - by Tom Phillips - March 26, 2019

. . . Maracaibo’s “madness” began on the night of 10 March – three days after a catastrophic blackout plunged almost the entire nation into darkness. But it had been long in the making thanks to years of economic and political neglect.

The 1.6 million residents of Maracaibo – an oil capital once celebrated as Latin America’s answer to Houston – complained of shortages of water, electricity and fuel and a worsening public transport system even before Venezuela’s crisis began to accelerate in 2016, with the onset of hyperinflation.

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The Global Risks Report 2019

CLICK HERE - The Global Risks Report 2019

weforum.org - January 15, 2019

The Global Risks Report 2019 is published against a backdrop of worrying geopolitical and geo-economic tensions. If unresolved, these tensions will hinder the world’s ability to deal with a growing range of collective challenges, from the mounting evidence of environmental degradation to the increasing disruptions of the Fourth Industrial Revolution.

The report presents the results of our latest Global Risks Perception Survey, in which nearly 1,000 decision-makers from the public sector, private sector, academia and civil society assess the risks facing the world. Nine out of 10 respondents expect worsening economic and political confrontations between major powers this year. Over a ten-year horizon, extreme weather and climate-change policy failures are seen as the gravest threats.

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Corporate America Is Getting Ready to Monetize Climate Change

           

A highway stands immersed in floodwaters from Hurricane Harvey in West Columbia, Texas, on Aug. 30.  Photographer: Luke Sharrett/Bloomberg

CLICK HERE - CDP - Company Scores

bloomberg.com - by Christopher Flavelle - January 22, 2019

Bank of America Corp. worries flooded homeowners will default on their mortgages. The Walt Disney Co. is concerned its theme parks will get too hot for vacationers, while AT&T Inc. fears hurricanes and wildfires may knock out its cell towers.

The Coca-Cola Co. wonders if there will still be enough water to make Coke.

As the Trump administration rolls back rules meant to curb global warming, new disclosures show that the country’s largest companies are already bracing for its effects. The documents reveal how widely climate change is expected to cascade through the economy -- disrupting supply chains, disabling operations and driving away customers, but also offering new ways to make money.

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ACAPS - CrisisInSight: Global Risk Analysis

In the next 6-9 months, the following countries are expected to deteriorate significantly leading to a spike in #humanitarian needs:

CLICK HERE - ACAPS - CrisisInSight: Global Risk Analysis

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More Americans View Climate Change as 'Imminent' Threat

           

FILE PHOTO: Vapor is released into the sky at a refinery in Wilmington, California March 24, 2012. REUTERS/Bret Hartman/File photo

reuters.com - by Maria Caspani - December 13, 2018

A growing percentage of Americans see climate change as an “imminent” threat driven mainly by human activity, and more than two-thirds want Washington to work with other nations to combat it, according to a Reuters/Ipsos poll released on Thursday . . . 

. . . The survey came close on the heels of a U.S. government report released last month that said climate change will cost the U.S. economy hundreds of billions of dollars by the end of the century, undermining health, infrastructure, and industries from farming to energy production.

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Federal Report Says U.S. Impacts of Climate Change are Intensifying and Will Batter Economy

           

weather.com

CLICK HERE - FOURTH NATIONAL CLIMATE ASSESSMENT

bbc.com - November 23, 2018

Unchecked climate change will cost the US hundreds of billions of dollars and damage human health and quality of life, a US government report warns.

"Future risks from climate change depend... on decisions made today," the 4th National Climate Assessment says . . .

. . . But it says that projections of future catastrophe could change if society works to reduce greenhouse gas emissions and "to adapt to the changes that will occur".

CLICK HERE - READ COMPLETE ARTICLE - Climate change: Report warns of growing impact on US life

ALSO SEE RELATED ARTICLES WITHIN THE LINKS BELOW . . .

CLICK HERE - U.S. Should Expect Worsening Weather Disasters, New Government Climate Report Warns

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Tackle Climate or Face Financial Crash, Say World's Biggest Investors

           

Global investors managing $32tn are urging governments to phase out all coal burning. Photograph: Alexander Koerner/Getty Images

UN summit urged to end all coal burning and introduce substantial taxes on emissions

theguardian.com - Damian Carrington - December 9, 2018

Global investors managing $32tn issued a stark warning to governments at the UN climate summit on Monday, demanding urgent cuts in carbon emissions and the phasing out of all coal burning. Without these, the world faces a financial crash several times worse than the 2008 crisis, they said.

The investors include some of the world’s biggest pension funds, insurers and asset managers and marks the largest such intervention to date. They say fossil fuel subsidies must end and substantial taxes on carbon be introduced.

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Rioting Engulfs Paris as Anger Grows Over High Taxes

           

Protesters demonstrate against rising costs of living they blame on high taxes near the Arc de Triomphe on the Champs-Elysees avenue in Paris on Dec. 8, 2018.  Sameer Al-Doumy/ AFP/Getty Images

chicagotribune.com - apnews.com - by ELAINE GANLEY and JOHN LEICESTER - December 8, 2018

The rumble of armored police trucks and the hiss of tear gas filled central Paris on Saturday, as French riot police fought to contain thousands of yellow-vested protesters venting their anger against the government in a movement that has grown more violent by the week . . . 

. . . Amid the melee, President Emmanuel Macron remained invisible and silent, as he has for the four weeks of a movement that started as a protest against a gas tax hike and metamorphosed into a rebellion against high taxes and eroding living standards . . .

. . . Macron on Wednesday agreed to abandon the fuel tax hike, which aimed to wean France off fossil fuels and uphold the Paris climate agreement. Many economists and scientists say higher fuel taxes are essential to save the planet from worsening climate change, but that stance hasn't defused the anger among France's working class.

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Super Cheap Earth Element to Advance New Battery Tech to the Industry

           

Purdue researcher Jialiang Tang helped resolve charging issues in sodium-ion batteries that have prevented the technology from advancing to industry testing and use. Credit: Purdue University Marketing and Media

CLICK HERE - STUDY - Ultrasound-assisted synthesis of sodium powder as electrode additive to improve cycling performance of sodium-ion batteries

phys.org - by Kayla Wiles - September 19, 2018

Most of today's batteries are made up of rare lithium mined from the mountains of South America. If the world depletes this source, then battery production could stagnate.

Sodium is a very cheap and earth-abundant alternative to using lithium-ion batteries that is also known to turn purple and combust if exposed to water—even just water in the air.

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Swiss Re No Longer Offers Re/Insurance to Firms with More Than 30% Coal Exposure

           

CLICK HERE - Swiss Re - News Release - Swiss Re establishes thermal coal policy to support transition to a low-carbon economy (4 page .PDF file)

insurancejournal.com - July 3, 2018

Swiss Re announced it no longer is providing re/insurance to businesses with more than 30 percent exposure to thermal coal across all lines of business.

The thermal coal policy applies to both existing and new thermal coal mines and power plants, and is implemented across all lines of business and Swiss Re’s global scope of operations.

This move marks the implementation of Swiss Re’s thermal coal policy announced in June 2017, which aims to manage carbon-related sustainability risks and support the transition to a low-carbon economy, the company said in a statement.

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ALSO SEE RELATED ARTICLE HERE - Swiss Re limits thermal coal coverage

 

 

 

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