Carbon Tracker
Financial Overshoot
Submitted by Dan Thompson on Mon, 07/23/2012 - 5:46pm- Big Choice
- Big Choice
- Bill McKibben
- Bill McKibben
- Carbon Tracker
- Carbon Tracker
- Ecological Footprint
- Ecological Footprint
- Ecological Overshoot
- Ecological Overshoot
- Global Footprint Network
- Global Footprint Network
- Herman Daly
- Herman Daly
- Ponzi Scheme
- Ponzi Scheme
- Potsdam Institute
- Potsdam Institute
- Rolling Stone
- Rolling Stone
Author:
John Fullerton
Last week, I gave a talk to the Missouri Association of Public Employee Retirement Systems annual meeting. This was the first time I presented my developing thesis of financial overshoot, which arithmetically accompanies ecological overshoot unless we manage to decouple economic growth from material resource throughput in the economy, the Hail Mary pass of all time.
The implications are not comforting for investors, especially for pension funds which have plenty of problems already with underfunded pension plans in a climate of financial repression caused by zero interest rates and economic stagnation.
Tony Greenham
After having spent his early career in the City of London, Tony Greenham now leads the finance and business research team at the New Economics Foundation. He talks here about how he lost faith in the unfettered capital markets, what it will take to transform the mainstream banking sector, the value of his involvement in the Transition Towns movement, and why we need “investment grade” policymaking.
