Economic activity should be governed within the earth’s biophysical limits, and markets should no longer treat the use of ecological capacity as if it were unlimited and free. Replacement of “externalities” by “Planetary Boundaries” From a microeconomic perspective, I do not think the two concepts are substitutes. They address different…
global markets
the new healthy global economy
From “externalities” to global binding markets for “Planetary Boundary” resources
Overture Within economics you can find the concept of an “externality“. “In economics, an externality is a cost or benefit to an uninvolved third party that arises as an effect of another party’s (or parties’) activity. Many externalities can be considered as unpriced components that are involved in either consumer or producer consumption.”…
the new healthy global economy
Why the post-fossil era requires global democracy and a global GHG market?
The transition away from fossil fuels is increasingly constrained not by technological scarcity, but by a governance mismatch. Climate externalities are global, yet political legitimacy, regulatory authority, and implementation capacity remain fragmented across nation-states. The world has already accumulated scientific evidence, technological alternatives, and growing financial commitments for decarbonisation. What…
global warming, climate disruption, and biodiversity loss
How to actually mitigate global warming
Flooding in Kerr County, Texas, United States of America (USA), heat waves in Europe with burning forests, an entire village buried in Switzerland. We see dead people, wining & praying politicians. No, God will not mitigate global warming! Are these catastrophes related to global warming – yes, of course! Global…