Today sees the release of two rather sobering reports. First up, we have the 2008 edition of the WWF’s Living Planet Report. It calculates that human beings are using natural resources up faster than the world can replenish them: this year we’ve overshot our ecosystems’ carrying capacity by 30%. Not surprisingly, WWF have chosen to describe this situation as an ‘ecological credit crunch’. Our estimated ecological debt in monetary terms is £2.5 trillion (about twice as much as this year’s credit crisis). More coverage of this at the Guardian and the BBC.
Next is the latest from Green New Deal co-author Jeremy Leggett and his colleagues at the UK Industry Taskforce on Peak Oil and Energy Security. They warn that the UK is going to start feeling the pinch of peak oil around about 2013. We should expect oil prices far higher than the record $147-a-barrel of this summer. More on this at the Daily Telegraph.
It’s not all bad news, however. Only a few weeks after Ed Miliband, the new Secretary of State for Energy and Climate Change, announced that Britain will commit to an 80% cut in greenhouse gas emissions by 2050, it seems he’s now agreed to include aviation and shipping in the climate bill. These are some encouraging promises. Now let’s get on with that Green New Deal.