NEWGroup Newsletter 9.5.2014

New Economy News: IPS Newsletter
May 9, 2014

We Must Stop Climate Change and Inequality

Dear friend,

When people talk about “system transformation,” what do they really mean? The general idea is that the values and institutions of the current economy are pushing us toward debilitating economic instability, environmental destruction, climate change, concentration of wealth, and political corruption. And what we need instead is a healthy, more equitable system that is resilient enough to bounce back in the aftermath of a disturbance.

The U.S. Congress has an opportunity to take a step towards system transformation in the current debate over energy development in Africa. Unfortunately, the bill on the table, the Electrify Africa Act, is largely stuck in the old economic system.

As my colleagues explain in The Nation, climate activists have managed to insert a few positive elements in this bill, including some support for decentralized renewable energy. But because the bill still leaves the door wide open to fossil fuel projects that will mostly benefit large corporations, it doesn’t go far enough to protect people or their environment.

Not only are we fighting against these kinds of policies but we are also developing the values and institutions for the New Economy system that drive it to self-correct toward Ecological Balance, Equitable Distribution and Living Democracy.

We are helping to develop and promote the New Economy and a Just Transition by supporting critical system transformation initiatives like the global campaign to divest from fossil fuels and invest in clean energy initiatives like the ones listed on Energy Democracy for All.

I’ve included a few articles below that highlight a few New Economy Just Transition solutions to climate change.


Noel Ortega
New Economy Coordinator
New Economy Working Group, IPS

The Moment for Climate Justice

wind farm

As global civil society calls for a renewable energy revolution, the U.S. Congress is considering an African energy initiative that leaves the door wide open to fossil fuels.

By Janet Redman, Emira Woods and John Cavanagh

read more

Join Our Webinar: How to Measure Progress? Replacing GDP with the “Genuine Progress Indicator” (GPI)

green earth

What if we defined economic success not by the money we spent and the goods we consumed, but by the quality of life we create? The GPI does exactly that. From the costs of crime, pollution, commuting and inequality, to the value of education, volunteer work, leisure time and infrastructure, the GPI helps us understand the true impacts of our policies so we can create the sustainable economy that we want.

Did you know that Maryland and Vermont have adopted the GPI at the state level, and Massachusetts is considering doing the same?

Join us to hear about the role grassroots groups and activists are playing in these states and beyond to support alternative economic measures. We’ll hear stories from Massachusetts, Maryland, Vermont, and the mid-Atlantic Transition hub, and consider how our own states can continue – or begin – to measure what matters.

Register here for free!

A Roadmap for Survival

Fossil Fuel Transport

The latest UN report on addressing climate change reflects a strong Western bias, but it’s the most comprehensive tool we’ve got.

By Oscar Reyes

read more

Paying for the Climate Change Pivot

Jamaica Plain logo

The Pentagon needs to put its money where its mouth is.

By Emily Schwartz Greco and John Feffer

read more

Challenging the Growth Assumptions at the Heart of Our Economic Policies

Vanderbilt Mansion

One economic fact is held to be self-evident: that the future well-being of the United States requires economic growth — preferably, as much of it as we can muster.

But it’s time to face an ecological truth that makes the traditional assumption increasingly untenable, as unpopular and difficult as this conclusion might be: Growth isn’t always possible. Nor is it necessarily desirable.

By Gar Alperovitz

read more

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