Welfare systems without economic growth | Review paper
Welfare systems across the OECD face many combined challenges, with rising inequality, demographic changes and environmental crises likely to drive up welfare demand in the coming decades. Economic growth is no longer a sustainable solution to these problems. It is therefore imperative that we consider how welfare systems will cope with these challenges in the absence of economic growth. This paper by Christine Corlet Walker, Angela Druckman together with Tim Jackson reviews the literature tackling this complex problem.
Energy transition risk: The impact of declining energy return on investment (EROI) | Journal Paper
The TranSim modelling work shows that the negative effects associated with the transition—recession, stagnation, stagflation, increasing inequality and asset stranding—are positively related to the capital intensity of green energy production and reductions in EROI. Policy makers should pay close attention to the overall EROI of the entire energy system when determining energy policy. If significant reductions in EROI are unavoidable, then policy could be used to mitigate some of its negative economic effects.
