economic policy

$500 Billion in Fossil Fuel Subsidies; Removing Them Would Boost Growth & Revenues, Reduce Greenhouse…

The OECD and IEA are urging global leaders to do more to phase out fossil fuel subsidies, which they say will boost growth, job creation and revenues while mitigating climate change. In a groundbreaking report, the OECD detaisl fossil fuel subsidies around the world, highlighting the key elements of strategies that some governments are using to remove them.

Pres. Obama’s ‘American Jobs Act’: Focused, Forward Looking, Equitable & Fiscally Responsible

With the proposal of the $447 billion ‘American Jobs Act’ to a joint session of Congress Thursday night, President Obama again demonstrated his ability to recognize and zoom in on the key issues and challenges facing the US today. Job creation has become issue Number 1 on the political and public agenda, and with the ‘American Jobs Act,’ Pres. Obama and his administration have wasted no time in crafting a program that appears focused, forward looking, equitable and fiscally responsible.

Governments Should Subsidize Loop-Based Business Models

Carbon may speed up the growth of trees (in the short-term) but certainly not our economy. For many decades, businesses were only functioning in one direction. This will have to change in the coming years, since such a one-way business focus, known as the river economy, is only focused on production of goods and leaving them in the hands of consumers, who throw them away after their product-life has ended. This will become less profitable in the coming years as the cost of natural resources will increase, resulting in higher development costs.