global economy

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Roundup Time! (image by williac, CC 2.0 licensed)

Some more roundup links. These pages have been hanging around in my browser for weeks, waiting for me to blog about them. As with the links I posted earlier this week, I consider these "go to" articles and sites - continuously interesting and relevant.

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GDP per capita vs. 'Economic Energy Efficiency...Image via Wikipedia

The signs are pointing to a critical convergence that, to be honest, is coming just in time. The world's will is aligning. Climate change, oil prices, pollution, growth, commuting - these and other factors are forming a message in society's mind that says "things are not good and they must be fixed." Businesses and governments, at the same time, are realizing that the changes needed to achieve sustainability are not going to be a drag on the economy but can actually be profitable while being good for society as a whole. Of course, the high and rising price of oil has something to do with this as well.

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CIA World Factbook 2007 figures of total nomin...Image via Wikipedia

According to a McKinsey Global Institute report released at the end of July, the world economy will have to improve its "carbon productivity" - the amount of gross domestic product (GDP) created per unit of CO2 - by a factor of ten by 2050 to stop global climate change in its tracks while continuing to enable a healthy level of growth. The report predicts that the cost of this transformation will amount to 0.6% - 1.3% of global GDP by 2030. They note that this compares favorably to the cost of insurance born by economies, which amounts to more than 3% of GDP.

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