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...
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...
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,...
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”,...
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...
14 November 2022 - Dire predictions about the impending collapse of civilization have become almost common place. Okay, doomers – enough. Yes, humanity faces existential risks. In the coming decades, billions of people in the world’s poorest economies will be hit the...
08 November 2022 - The climate crisis is a greater concern than the cost of living or an increase in armed conflicts across the G7 group of industrial nations, according to major new research. Despite the threat of recession and facing steep rises in the cost of food...
27 October 2022 - What are the transformations and trade-offs that will be needed in a resource-constrained 21st century to reverse our supercharged self-destructive trajectory? This is the existential question of our times, and answering it will require a departure...
24 October 2022 - It’s common to say that the invisible hand - the market - rewards and punishes. The invisible hand has punished Liz Truss and the British government, throwing the UK into chaos. Even the markets didn’t believe the prime minister’s clueless economic...
27 September 2022 - The world needs to shift to a radically different economic model if it is to avoid stagnation and ensure prosperity for all. Businesses will ultimately benefit from this transition, but they must play an active role in system change if they are to...
