News from FEASTA – founded by Richard Douthwaite


Caroline Whyte, who has been involved with Feasta since 2002, studied ecological economics at Mälardalen University in Sweden.

Browsing the site today I was reminded that the subject of her masters thesis was the relationship between central banking and sustainability  She notes:

“Back when I did a masters thesis on central banking and sustainability in 2006, there was very little official recognition on the part of any government or central bank that private banks are directly responsible for money creation – although the Swedish central banker I interviewed for my research acknowledged it immediately when it came up, and if you looked hard enough you could already find references to it elsewhere too”.

Early in December a mailing brought news of a groundbreaking evening on soil & climate action, at Cloughjordan ecovillage in Tipperary (below), with delicious food from ‘said soil’ and a call to action on the dancefloor. There was also art, live music, poetry and DJs as part of the Global Green Christmas Party and World Soils Day. Dr. Ollie Moore, who manages Cloughjordan’s community farm was in discussion with UCD & Friends of the Earth’s Cara Augustenborg.


Another discovery on FEASTA’s website was Mike Sandler’s article Climate dividends and the Yellow Vests – extract below:

Climate dividends, which return money from a carbon price back to people, provide a direct solution to the yellow vests concerns, while putting income inequality on equal footing with climate concerns.  They would counteract the regressive impacts of diesel fuel charges, and send money to the very people who need it most.

The yellow vests undoubtedly want a livable planet for their children.  Climate dividends can help change the perception that addressing climate change will be costly to working class people.

Canada is starting to look at dividends as part of their carbon pricing strategy. Perhaps Prime Minister Justin Trudeau could make a call to President Macron and suggest offering climate dividends to the yellow vests.

Climate dividends is a simple solution (based on more complex economics, but let’s leave that for later), and the benefit to the public is that, when paired with an economywide cap, it will reduce emissions, return money to households, and provide a start to a universal basic income.

The main obstacle facing climate dividends is that many politicians are less motivated to give the money back to people, when they could instead spend the money on big projects (such as high-speed rail in California)

Climate dividends could be the solutions the yellow vests are looking for.  Will Macron or others recognize it in time?





Posted on December 29, 2018, in Caroline Whyte, Richard Douthwaite and tagged , , , , , , . Bookmark the permalink. Leave a comment.

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