Archive for 2008/09 :

Tom Friedman: "Green the bailout"

Posted by Willy De Backer on 28/09/08

Great Op-Ed by Thomas Friedman once more in the NY Times. Like no other, Friedman, who’s recent book “Hot, flat and crowded” should be mandatory reading for all EU policy-makers hits the nail on the head.
Two quotes from the excellent article:
The bailout is necessary, says Friedman, but “we don’t just need a bailout. We need [...]

A tale of two crises and their hidden connections

Posted by Willy De Backer on 26/09/08

A friend of mine reacted to my previous post (Let’s get the climate panic started!) with the following “inconvenient” questions:
“- will the current financial crisis spill over and affect the strong EU policy focus on climate change & energy? Could it shift priorities for the December or the Spring Summit? And for the EP and [...]

Let’s get the climate panic started!

Posted by Willy De Backer on 24/09/08

The country, which has taught the world that fighting global warming would be too expensive, managed in less than one week to mobilise more than 1 trillion dollar and to focus the presidential election campaign and the world on its financial crisis. How was that possible? One word: panic! Are there any lessons for those [...]

Wall Street meltdown: Time for real "better regulation" and a floor price for oil

Posted by Willy De Backer on 16/09/08

Economy Nobel prize winner Joseph Stiglitz has the accurate analysis of this week’s meltdown of the financial markets in the Guardian:
“The new low in the financial crisis, which has prompted comparisons with the 1929 Wall Street crash, is the fruit of a pattern of dishonesty on the part of financial institutions, and incompetence on the [...]

Citizens care about climate change? More talk than walk

Posted by Willy De Backer on 14/09/08

Last week, two interesting surveys confirmed that citizens are worried about climate change but once they start acting as consumers others have to shoulder the bill. Especially young people are not willing to make lifestyle sacrifices.
On Thursday 11 September, EU Commissioners Wallström and Dimas excelled in spinning the latest Eurobarometer on climate change. Although the [...]

Rumble in the energy jungle: the Russian-Georgian August war

Posted by Willy De Backer on 10/09/08

In the cacophony of the new Cold War rhetoric, it is hard to grasp the real geopolitical significance of the August “warlet” between Georgia and the new Russian petro-empire. But some analysts have hit the nail on the head: this was not a war for freedom and democracy but a return to the future of [...]

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