01 February 2023 - Exxon Mobil has just announced it made $56 billion in profits in 2022, smashing not only its previous record of $45.2 billion in 2008, but setting a historic high for the Western oil industry. Chevron reported record profits of $35.5 billion last...
Impact Hubs - Related Content
Why we need some long-term thinking at Davos
17 January 2023 - Europe needs to be leading the charge to a more sustainable world, but is being held back by short-termism and poor policymaking, argues Systemiq's Janez Potočnik. "Co-operation in a fragmented world" is the title of the gathering of the great and...
Davos Man must pay
16 January 2023 - To mitigate the worst effects of climate change and prevent societal breakdown, we must shift to renewable energies and reduce extreme inequality. But doing so would require massive increases in public spending, which is why governments must overhaul...
Leading economic thinkers sign open letter calling for tax on the richest 1% to avoid threat to democracy
13 January 2023 - As Davos kicks off, 30 world-leading economists and economic thinkers from 16 countries have signed an open letter to world leaders calling for bold steps to tax wealth, income and companies to avoid a dangerous threat to democracy. Jayati Ghosh,...
Transformation in the poly-crisis age: From permacrisis to positive peace
27 December 2022 - Since the early days of the Covid-19 pandemic, the ESIR group advocated the need for the EU institutions to avoid relying exclusively on short-termism, and instead adopt a “protect, prepare and transform” (PPT) approach for resilience. “Protect”,...
Transforming the world requires transforming ourselves: A pledge for more authenticity
22 December 2022 - Our planet is on fire – literally and metaphorically. Natural disasters range from climate change, biodiversity loss, species and plant extinction to the degradation of natural ecosystems. Economic development, meant to lift millions if not billions...
The Club of Rome’s plan for a systems change and a just solar revolution
20 December 2022 - The transition from a fossil fuel-based economy to a clean energy economy is underway. In 2021, wind and solar accounted for 10% of all electricity production in the world, compared to just 5% in 2016.1 Doubling at this pace means wind and solar...
Learning what we already know on the 50th anniversary of The Limits to Growth
12 December 2022 - 50 years after the first report to the Club of Rome, humanity is in dire straits. The financial crisis in 2008, the COVID-19 pandemic and the war in Ukraine are brutal signals of collapse. They originate in a wider landscape of self-inflicted...
For the common good: current geopolitical challenges and the consequences for official development assistance
23 November 2022 - Our world is a troubled place. Multiple planetary emergencies are upon us: poverty and inequality; conflict and wars; climate crises and failures of governance across the world. Geopolitical challenges reflected in Russia's war of aggression in...
End the circus of COP27 once and for all
22 November 2022 - We’re the clowns, smiling manically as weak pledges are presented as progress, amid mayhem. COP27 has ended. After more than two weeks of negotiations at the climate summit, there is a deal of sorts that keeps the climate negotiations ticking over,...