America’s income inequality

Even ‘The Economist’ is saying it: “America‚Äôs income inequality is growing again. Time to cut subsidies to the rich and invest in the young.” “Although some degree of inequality is good for an economy, …the recent concentration of income gains among the most affluent is both politically dangerous and economically damaging. (The implicit subsidy provided […]

Germany produces half its electricity from solar

On Friday 25 May 2012, Germany’s solar power plants produced a record 22 gigawatts of electric power, equivalent to 20 nuclear power plants, and half the country’s demand for electricity that day. Germany aims to be nuclear-free by 2022. It currently generates four per cent of its annual energy needs from the sun. Source: RT.com

Energy and Growth — a physicist’s view

We cannot continue to grow our economy forever. A physics professor at the University of California has used the laws of physics to write two blogs that explain why. Permabusiness takes this information and looks at what would come next — both for the financial system and the wider economy. Unexpectedly, we find stories in […]

Renewable power trumps fossil fuels for first time

From the Los Angeles Times: “Electricity from the wind, sun, waves and biomass drew $187 billion last year compared with $157 billion for natural gas, oil and coal. “The findings indicate the world is shifting toward consuming more renewable energy even without a global agreement on limiting greenhouse gases. Delegates from more than 190 nations […]