Professional Documents
Culture Documents
globalization
as a result of world wide expansion of the industrial development model
expansion
This expansion follows its natural course, by penetrating all other kinds of economic arrangements Serving its own needs Also consciously promoted (or enforced) by WB, IMF, WTO and development aid agencies Mainly professed and executed as common sense economics and world view
Energy use
Inherent to this model is the intensive use of fossil fuels, mainly oil This oil based economy is everywhere; Even most of world food production is globalized along oil intensive lines
Economic scarcity
The growing energy needs lead energy suppliers to an extensive search for oil Today they cannot keep up with worldwide demand because of capacity limitations to exploit this raw material fully (drilling / refining)
Physical scarcity
More oil exploitation and use will lead to physical scarcity: there is only a fixed amount of oil on this planet
production peaking
US production peaked in 1970 UK 2000/2001 Saudi Arabia will peak in 2015+ Worldwide 2006-2015+
discovery peaking
overall discoveries peaked in the 1960s with just 1 new barrel of oil being discovered today for every 4 that is consumed
Peaking is not running out of oil, but oil will be pumped on an inexorably declining basis
Climate Change
IPCC consensus: climate change is unequivocal and may bring abrupt and irreversable impacts humankinds emissions of greenhouse gases are more than 90% likely to be the main cause
Greenhouse gases
greenhouse gases (GHG) = gases emitted by combustion of fossil fuels; they cause the atmospheres warming up (carbondioxide etc.)
Best policies
End the use of oil and other fossil fuels
(WB admits but refuses to adapt lending policies)
obstacles
Existing economic model, its practices and current common sense economics and world view prevent wise policies to be practised
Curacao geopolitics
World oil depletion is inevitable will the last few drops be available to small markets of small island states? Transition to sustainable and clean energy systems is inevitable and urgently needed, especially for small islands our geopolitical challenge