Prosperity In The Fossil Free Economy

A blueprint for creating sustainable businesses, emphasizing the power and potential of cooperative models Drawing on both her extensive experience founding and directing social enterprises and her interviews with sustainability leaders, Melissa Scanlan provides a legal blueprint for creating alternate corporate business models that mitigate climate change, pay living wages, and act as responsible community members, including Certified B Corps and benefit corporations. With an emphasis on cooperatives, this book reveals the power and potential of cooperating as a unifying concept around which to design social enterprise achieving triple bottom-line results: for society, the environment, and finance.

A Prosperous Way Down, the last book by Howard T. and Elisabeth C. Odum, has shaped politics and planning as nations, states, and localities begin the search for ways to adapt to a future with vastly increased competition for energy. It considers ways in which a future with less fossil fuel could be peaceful and prosperous. Although history records the collapse of countless civilizations, some societies and ecosystems have managed to descend in orderly stages, reducing demands and selecting and saving what is most important. The authors make recommendations for a more equitable and cooperative world society, with specific suggestions based on their evaluations of trends in global population, wealth distribution, energy sources, conservation, urban development, capitalism and international trade, information technology, and education. Available for the first time in paperback, this thoughtful, provocative book forces us to confront assumptions about our world 's future and provides both a steadying hand and a call to action with its pragmatic analysis of a global transition.

It gives me great pleasure to review this important book. I recommend it highly to any physicist with an interest or curiosity about this economy thing within which we operate. . . There is no excuse not to get this invaluable volume onto your bookshelf. Simon Roberts, Institute of Physics Energy Group This book addresses a very important topic, namely economic growth analysis from the angle of energy and material flows. The treatment is well balanced in terms of research and interpretation of the broader literature. The book not only contains a variety of empirical indicators, statistical analyses and insights, but also offers an unusually complete and pluralistic view on theorizing about economic growth and technological change. This results in a number of refreshing perspectives on known ideas and literatures. The text is so attractively written that I found it very difficult to stop reading. All in all, this is a very original and important contribution to the everlasting debate on growth versus environment. Jeroen C.J.M. van den Bergh, University of Barcelona, Spain and Free University, Amsterdam, The Netherlands Would you want your great-grandchildren in 2100AD to have a 22nd-century industrial economy? If so, read this book to grasp how strongly wealth depends on energy and its efficient use. Start treating fossil energy not as continuing income, but as one-time energy capital to spend on efficiency and long-term sustainable energy production. Otherwise, your descendants will inherit a broken 20th-century economy that only worked with cheap fossil fuels. They will not be rich and they will wonder what their ancestors were thinking. John R. Mashey, PhD, former Chief Scientist, Silicon Graphics Current economic theory attributes most income growth to technical progress. However, since technical progress can neither be defined nor measured, no one really knows what policies will encourage income growth. Ayres and Warr show that access to useful work, which can be defined and measured, explain the bulk of post-1900 income changes in Japan, Britain and the USA. They see rising real prices for fossil fuel and stagnating efficiencies of converting raw energy into useful work as a threat to continued income growth. This brilliant and original work has profound policy implications for future income growth without significant improvements in energy conversion efficiency. Thomas Casten, Chairman, Recycled Energy Development LLC Following the up-and-down energy shock of 2008, Ayres and Warr offer a unique analysis critical to our economic future. They argue that useful work produced by energy and energy services is far more important to overall GDP growth than conventional economic theory assumes. Their new theory, based on extensive empirical and theoretical analysis, has important implications for economists, businessmen and policymakers for anybody concerned with our economic future. Ayres and Warr argue persuasively that economic growth is not only endogenous but has been driven for the past two centuries largely by the declining effective cost of energy. If their new theory is correct, the inevitable future rise of the real cost of energy (beyond the $147 oil price peak in July 2008), could halt economic growth in the US and other advanced countries unless we dramatically improve energy with technology. J. Paul Horne, independent international market economist The historic link between output (GDP) growth and employment has weakened. Since there is no quantitively verifiable economic theory to explain past growth, this unique book explores the fundamental relationship between thermodynamics (physical work) and economics. The authors take a realistic approach to explaining the relationship between technological progress, thermodynamic efficiency and economic growth. Their findings are a step toward the integration of neo-classical and evolutionary perspectives on endogenous economic growth, concluding in a fundam

Investor-owned corporations dominate today's political economy, and are designed primarily to optimize profit. This solely financial focus sidelines the equally important goals of protecting the environment, paying living wages, and being responsible community members. However, as Melissa K. Scanlan demonstrates in Prosperity and the Fossil-Free Economy: How Cooperatives are Designing Sustainable Businesses, there are other paths forward to create sustainable and profitable business. Drawing on her extensive experience founding and directing social enterprises, Scanlan provides a legal blueprint for creating alternate corporate business models, including Certified B Corps and benefit corporations, with an emphasis on cooperatives. This volume is divided in two main parts. In Part I, Scanlan reveals how the legal design of enterprises can either incentivize or impede decarbonization and sustainable goals, and suggests alternative designs for social enterprises. In Part II, she translates international recommendations for decarbonization into manageable concepts for implementation, providing case study research as relatable examples. Prosperity and the Fossil-Free Economy reveals the power and potential of cooperating as a unifying concept around which to design social enterprise for triple bottom line results: for society, the environment, and finances.

An original, engaging guide to creating a sustainable economy that will combat global warming while also improving our quality of life. Pick an environmental issue. Maybe air pollution, toxic waste, or deforestation. These all seem like solid choices, but none of these is actually an environmental problem--at least, not at its heart. Deep down, they are economic problems. Nearly all the issues we classify as environmental stem from defects in the DNA of America's current market system. This is emphatically true of our greatest environmental threat: global warming. With a focus on climate change, journalist and author Robert S. Devine reveals the fundamental flaws in the economy that enable environmental degradation. The Sustainable Economy is a book about economics, but it skips the equations and eases through the jargon, opting instead for compelling stories and surprising humor. Readers will encounter high-tech narwhals, struggling coal workers, orbiting giant mirrors, the kids who are suing the U.S. government over climate policy, and vanishing Alaskan towns. The Sustainable Economy looks at many of the most pressing climate issues, such as melting ice caps and farm-killing droughts, but by viewing them through the revealing lens of economics, the book delivers a fresh perspective. Devine shows how the basic mechanisms of supply and demand fail when it comes to global warming and the environment. Fortunately, he also lays out a path to an improved economy that can boost our well-being while also fostering a healthy environment. Most importantly, The Sustainable Economy shows how we can overcome the political and personal obstacles blocking progress toward a sustainable, just, and prosperous economy.

What can prosperity possibly mean in a world of environmental and social limits? The publication of Prosperity without Growth was a landmark in the sustainability debate. Tim Jackson’s piercing challenge to conventional economics openly questioned the most highly prized goal of politicians and economists alike: the continued pursuit of exponential economic growth. Its findings provoked controversy, inspired debate and led to a new wave of research building on its arguments and conclusions. This substantially revised and re-written edition updates those arguments and considerably expands upon them. Jackson demonstrates that building a ‘post-growth’ economy is a precise, definable and meaningful task. Starting from clear first principles, he sets out the dimensions of that task: the nature of enterprise; the quality of our working lives; the structure of investment; and the role of the money supply. He shows how the economy of tomorrow may be transformed in ways that protect employment, facilitate social investment, reduce inequality and deliver both ecological and financial stability. Seven years after it was first published, Prosperity without Growth is no longer a radical narrative whispered by a marginal fringe, but an essential vision of social progress in a post-crisis world. Fulfilling that vision is simply the most urgent task of our times.

This timely set of solutions based on a new theory of economics shows how America can reverse its inexorable economic decline and stop the bleeding of its middle class by rebuilding its manufacturing sector on a green basis. Manufacturing Green Prosperity: The Power to Rebuild the American Middle Class connects two critical issues: the importance of manufacturing to the growth and fair distribution of national wealth and the need to create an environmentally sustainable society. In so doing, the book offers groundbreaking arguments demonstrating the centrality of manufacturing and shows ways in which creating a green economy will rebuild U.S. manufacturing and expand the middle class. Drawing from the fields of political science, economics, ecology, history, engineering, and philosophy, the author challenges existing myths about manufacturing, exposes the weaknesses of neoclassical economics, and proposes a production-centered alternative. America, he persuasively argues, needs a sophisticated, green manufacturing base in order to create an entirely new transportation and energy infrastructure-one that will make cities ecologically sustainable; prevent the worst effects of global warming; protect vulnerable ecosystems; and counter the depletion of oil, coal, and other critical natural resources.

A provocative call for delegitimizing fossil fuels rather than accommodating them, accompanied by case studies from Ecuador to Appalachia and from Germany to Norway.Not so long ago, people North and South had little reason to believe that wealth from oil, gas, and coal brought anything but great prosperity. But the presumption of net benefits from fossil fuels is eroding as widening circles of people rich and poor experience the downside.A positive transition to a post-fossil fuel era cannot wait for global agreement, a swap-in of renewables, a miracle technology, a carbon market, or lifestyle change. This book shows that it is now possible to take the first step toward the post-fossil fuel era, by resisting the slow violence of extreme extraction and combustion, exiting the industry, and imagining a good life after fossil fuels. It shows how an environmental politics of transition might occur, arguing for going to the source rather than managing byproducts, for delegitimizing fossil fuels rather than accommodating them, for engaging a politics of deliberately choosing a post-fossil fuel world. Six case studies reveal how individuals, groups, communities, and an entire country have taken first steps out of the fossil fuel era, with experiments that range from leaving oil under the Amazon to ending mountaintop removal in Appalachia.