Richard Douthwaite (1942-2011)
Richard Douthwaite was an economist and writer with a special interest in climate and energy issues and local economic development. His first book, The Growth Illusion: How Economic Growth Enriched the Few, Impoverished the Many and Endangered the Planet was published in 1992 and was re-issued in an extended and up-dated second edition in 1999. It explores why the present economic system is dependent on economic growth and the effects that the resulting pursuit of growth has had on the environment and society. His other major book, Short Circuit (1996) gives dozens of examples of currency, banking, energy and food production systems which communities can use to make themselves less dependent on an increasingly unstable world economy. His The Ecology of Money (1999) calls for different currencies for different purposes and for changes in the way money is put into circulation so that a stable, sustainable economy can be achieved. He edited Before the Wells Run Dry (2003), a study of the transition to renewable energy in the light of climate change and oil and gas depletion and To Catch the Wind, (2004), a report on how communities can invest in wind energy. He was a co-founder of Feasta, the Foundation for the Economics of Sustainability, the Dublin-based international network of people who believe that the world's sustainability problems are due to the use of dysfunctional systems and are trying to develop better ones. He was co-editor of the Feasta Review, which carries cutting-edge thinking on sustainability issues. He led a recently-completed research project which was commissioned from Feasta by the Irish Government’s Environmental Protection Agency into the effects that very much higher energy prices might have on the various sectors of Irish life. In spring 2006 he co-wrote a report for the South African Department of Agriculture on the ways in which biofuel production might affect the two farming sectors in that country – the commercial farms and the subsistence producers. The report recommended a development strategy designed to maximise the benefits accruing in the rural areas. He acted as economic adviser to the Global Commons Institute (London) from 1993 to 2005 during which time GCI developed the Contraction and Convergence approach to dealing with greenhouse gas emissions which has now been backed by many countries. He subsequently helped Feasta devise the Cap and Share framework for emissions reduction. He was a visiting lecturer at the University of Plymouth and contributed the economic content to the Master’s course in Theology and the Environment at Dalgan Park, Navan. He contributed lectures to courses at four parts of the National University of Ireland (Dublin, Maynooth, Cork and Galway) and at the universities of London (Goldsmiths and LSE), Edinburgh, Strathclyde, Leicester, Newcastle, Manchester, Uppsala, Malardalen, Stockholm (KTH) and Budapest.
As fears grow amongst climate scientists that the world may be close to reaching a tipping point leading to runaway global warming, there’s a growing recognition that the forthcoming UN climate conference in Copenhagen must deliver dramatic and binding targets to cut carbon. According to Richard Douthwaite, the talks are unlikely to deliver sufficiently meaningful action.
The world has learned the hard way that our political leaders lacked the judgement and resolve to identify and address the problems which led to the recession. Richard Douthwaite argues that a similarly flawed judgement is evident in the assumption that the economy will recover, and advises on how to prepare for a future of global economic contraction.
In recent years it’s become increasingly accepted that the age of cheap and abundant oil and gas supplies is coming to an end, and that future energy needs will have to be met from cleaner, more widely available fuel sources. According to Richard Douthwaite, the prospects of exponentially rising costs and failure to ramp up carbon capture and storage will mitigate against coal’s ability to take up the slack
Up till now, the activities of semi-state energy companies like Bord na Móna, ESB & Bord Gais have not won the favour of environmentalists. Richard Douthwaite explains how that situation is destined to rapidly change, and exclusively reveals details of the ambitious new green direction being adopted by Bord na Móna.
Unless greenhouse gas emissions from land are tackled, any efforts to reduce emissions from buildings may fall short in attempting to stave off the worst consequences of climate change. Richard Douthwaite explains how, with a little ingenuity, techniques can be applied to dramatically reduce land emissions whilst simultaneously providing new raw material streams and energy source
As if the implications of the unfolding global financial crisis weren’t bad enough, the Irish economy must also contend with the consequences of a banking system exposed to unprecedented property-related debts. Reflecting on the ongoing crisis, Richard Douthwaite explains why investment in local energy innovation may prove the key to improving Ireland’s economic health
As we all know, Ireland is currently paying the price for the inability of its political and corporate leaders to take seriously the warning signs of an economy where property investment and borrowing generally got out of control. Looking at policy and commercial investment plans for energy supply and distribution, Richard Douthwaite asks, are the decision makers showing an alarmingly similar attitude to evident gas supply threats?
World record oil prices are being shattered so regularly that breaking news stories on the matter seem cliché, with other fossil energy sources heading in the same direction. Richard Douthwaite describes the first significant signs that Irish banks may be starting to take the issue on board regarding property lending.
Planning ahead for Ireland’s electricity supply is by no means a simple matter, given the range of unprecedented issues that are coming to the fore. Massive cuts in emissions must be achieved, whilst decisive action is required to ensure adequate supply of electricity at a time when usage is spiraling. Richard Douthwaite explains the balance that Ireland must achieve between efficient local generation and usage and ensuring optimal interconnection to global renewable electricity supply
With banks in America and the UK encountering major difficulties as previously booming economies head towards recession, a similar and perhaps even worse fate may be awaiting Irish banks. Worryingly, the situation is shaping up to be so bad, that the very future of the banks may be under threat, as Richard Douthwaite explains.