Environmental and Ecological Justice

Nobel prize-winning economics of climate change is misleading and dangerous – here’s why

Steve Keen, UCL While climate scientists warn that climate change could be catastrophic, economists such as 2018 Nobel prize winner William Nordhaus assert that it will be nowhere near as damaging. In a 2018 paper published after he was awarded the prize, Nordhaus claimed that 3°C of warming would reduce global GDP by just 2.1%, …

Nobel prize-winning economics of climate change is misleading and dangerous – here’s why Read More »

Africa’s Pandemic Response Calls for Reclaiming Economic and Monetary Sovereignty: An Open Letter

The African Economic and Monetary Sovereignty initiative began almost three years ago in preparation for the first conference on The Quest for Economic and Monetary Sovereignty in 21st Century Africa, which was held in Tunis (November 6-9, 2019). An edited volume from the conference will be published by Pluto Press (2021), and a second edition of the conference will take …

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The appallingly bad neoclassical economics of climate change

Abstract Forecasts by economists of the economic damage from climate change have been notably sanguine, compared to warnings by scientists about damage to the biosphere. This is because economists made their own predictions of damages, using three spurious methods: assuming that about 90% of GDP will be unaffected by climate change, because it happens indoors; …

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Flint Part 2, Environmental Racism and Economic Disparities: Could the Green New Deal Have Protected the Residents of Flint?

In Flint, Part 1, we looked at what happened in Flint, Michigan, and the state government measures that highly impacted the residents. We continue now with part 2, which looks at the environmental racism and economic disparities and asks whether the Green New Deal could have protected the city.

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