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Tim Watkins

More storm clouds in the North Sea

North Sea storm clouds

There was more bad news for George – “I forgot to mend the roof when the sun was shining” – Osborne today as North Sea tax receipts plummeted. North Sea oil and gas have been the backbone of the UK economy for the last three decades.  But production peaked in …

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Is it time to drop GDP?

GDP

The age-old belief that economic growth – as measured by Gross Domestic Product – is the answer to our social ills is becoming untenable. The pursuit of GDP growth on a global scale led to the massive financial crash of 2008; the growing crisis in the energy sector; and a …

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MPs warn about the limits to growth

APPG-Logo-website

In 1969, the Club of Rome commissioned a group of scientists from a range of disciplines to generate a computer model of what would happen to humanity if we continued with business as usual.  The result was the publication of The Limits to Growth in 1972.  It’s conclusions made for …

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Who should lead the fight against climate change?

Climate March

Efforts to tackle climate change have been hamstrung by a disconnect between national and international policy-making bodies and citizens.  This often results in governments adopting unrealistic targets that they have no idea how to achieve, while individual citizens are left wondering what, if anything, we should be doing. Perhaps the …

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Europe should leave TBTF banks to their fate

Bank

Government responses to the crisis of 2008 and its continuing fallout have left Europe with too many bloated and inefficient ‘too big to fail’ banks according to UBS boss Axel Weber in an interview for Business Insider: “Europe is over-banked so you would expect to see the demise of some weak …

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Restructure or throw our children under a bus

Pollution

Failure to make big shifts fast would amount to putting our children and grandchildren in the path of a speeding bus according to Laurie Goering at Reuters. According to experts at a meeting of the Thomson Reuters Foundation: “Meeting the goals of a new global agreement to tackle climate change …

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The end of coal?

Open Cast

The collapse of Peabody – the world’s largest private coal corporation – may speed the transition to renewable electricity generation according to Claudia Assis at Market Watch: “Since 2010, more than a third of coal-fueled power plants have been retired or are scheduled to be retired, and the market for …

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