"Previous IMF interventions may have reduced a country’s ability to invest in transition. Now, the IMF’s response to, or management of, an economic crisis must also consider solutions that are not building the fragilities of the future.

[…] The IMF is facing a steep learning curve."

#E3G: https://www.e3g.org/news/navigating-a-coming-storm-the-imf-and-the-climate-transition/

#IMF #finance #energyTransition #transitioning #transition #promises #money #Georgieva

Navigating a coming storm: The IMF and the climate transition

Transitioning to a clean and resilient economy will require transforming the world’s economic system. Navigating this transition, coupled with the impact of climate disasters, will affect macro-financial stability and have global financial impacts. How international financial institutions evolve to support their members will be a crucial component of supporting the stability of a transitioning global […]

E3G

"This analysis makes clear that the pat notion of “affordable clean #energy” views the world through a narrow keyhole that is blind to innumerable economic, ecological, and social costs. These undesirable #externalities can no longer be ignored. To achieve #sustainability and salvage civilization, society must embark on a planned, cooperative descent from an extreme state of overshoot in just a decade or two."
https://www.mdpi.com/1996-1073/14/15/4508 @climate

#transition #renewables #EnergyTransition #capacity

Through the Eye of a Needle: An Eco-Heterodox Perspective on the Renewable Energy Transition

We add to the emerging body of literature highlighting cracks in the foundation of the mainstream energy transition narrative. We offer a tripartite analysis that re-characterizes the climate crisis within its broader context of ecological overshoot, highlights numerous collectively fatal problems with so-called renewable energy technologies, and suggests alternative solutions that entail a contraction of the human enterprise. This analysis makes clear that the pat notion of “affordable clean energy” views the world through a narrow keyhole that is blind to innumerable economic, ecological, and social costs. These undesirable “externalities” can no longer be ignored. To achieve sustainability and salvage civilization, society must embark on a planned, cooperative descent from an extreme state of overshoot in just a decade or two. While it might be easier for the proverbial camel to pass through the eye of a needle than for global society to succeed in this endeavor, history is replete with stellar achievements that have arisen only from a dogged pursuit of the seemingly impossible.

MDPI

Ursula M. Franklin on @economics, #accountancy and #bookkeeping:

"In order to make socially responsible decisions, a community requires three sets of books. One is the customary dollars-and-cents book […]. The second book relates to people and social impacts. It catalogues the human and community gains and losses as faithfully as the ongoing financial gains and losses documented in the first book. In the third book, environmental accounting is recorded."

#valuation #finance #renewables #energy

"When government, through its decisions, encourages or permits continued destruction of the natural environment, #market participants are incentivized to behave accordingly. If, instead, government acts to curtail environmental destruction and encourage environmental regeneration, the contours of market activity are reconfigured and price and quantity signals are emitted in conformity with the new configuration"
https://heteconomist.com/markets-are-creatures-of-government/

#valuation #finance #renewables #energy #markets #pollution

Markets are Creatures of Government – heteconomist

Solutions on offer are false and distracting. A prime motive is to augment piloting by financial institutions.

A huge problem of institutional "solutions" is that they tend to delay the systemic changes needed to adapt to the climate catstrophe. "This mini-series will give you the evidence, talking points, and tools to push back and promote genuine, lasting solutions to the debt and climate crises:" https://www.eurodad.org/false_and_distracting_finance_solutions_debt_and_climate_mini_briefs

#transition #renewables #energyTransition #institutionsDeceive #COP30