This document discusses the role of private debt and credit growth in economic stability. It argues that pre-crisis orthodoxy viewed low inflation as sufficient for stability, but private debt growth fueled asset price booms and recessions. Credit growth for real estate and existing assets does not directly stimulate GDP but can inflate prices. To promote stability, policy should constrain private leverage growth and the dominance of real estate lending through higher bank capital requirements and countercyclical policies.
Nordic Energy ways in Europe – Clean, Competitive and ConnectedGlobal Utmaning
Seminar: NORDIC ENERGY WAYS – WHAT‘S IN IT FOR US?
Monday, 2 June 2014
Anders Olsson, vice CEO E.ON Norden, presented the main conclusions of the report Nordic Energy Ways in Europe. Read the full report here: www.globalutmaning.se/wp-content/uploads/2013/11/Nordic-Energy-Ways-in-Europe1.pdf
Ulf Dahlsten gave a presentation at the Stockholm School of Economics on March 22nd, 2014 about combating debt addiction and stabilizing the financial system. He argued that more needs to be done as the system has issues like extreme pro-cyclicality, underestimating endogenous risks, excessive money creation, growing private debts, asset inflation, and complexity. He focused on these problems and asked questions about addressing excessive money creation, the danger of private debt buildup, curbing asset inflation without hurting the economy, and what central banks, regulators, and politicians can do to help.
Cross-border cooperation in the electricity sector - the Nordic exampleGlobal Utmaning
The document discusses cross-border cooperation in the electricity sector through the Nordic example. It outlines the history of interconnections between Nordic countries dating back to 1963, which grew over time through the establishment of Nordel in 1992 to facilitate cooperation between transmission system operators. Nordel later joined ENTSO-E and helped coordinate the decarbonization of the power sector in the region through increasing renewable energy and electrification while maintaining a reliable grid through 2050. The context of cooperation has become more complex over time with new drivers like emissions pricing and public demand, as well as obstacles around political will, governance capacity, and handling interdependencies across borders.
Challenges with high household debt levels - a Swedish perspectiveGlobal Utmaning
A presentation held by Lord Adair Turner from INET at Global Utmaning's and the Swedish House of Finance's seminar "Combating the Debt Addiction" at the Stockholm School of Economics, Thursday May 22, 2014.
Ed Groark presents State of the World 2014: Governing for sustainabilityGlobal Utmaning
Ed Groark, Chairman of the Worldwatch institute, presented the annual report State of the World, this year themed "Governing for sustainability" at a seminar hosted by Norden i Fokus and Global Utmaning on the 7th of May 2014.
This document discusses the role of private debt and credit growth in economic stability. It argues that pre-crisis orthodoxy viewed low inflation as sufficient for stability, but private debt growth fueled asset price booms and recessions. Credit growth for real estate and existing assets does not directly stimulate GDP but can inflate prices. To promote stability, policy should constrain private leverage growth and the dominance of real estate lending through higher bank capital requirements and countercyclical policies.
Nordic Energy ways in Europe – Clean, Competitive and ConnectedGlobal Utmaning
Seminar: NORDIC ENERGY WAYS – WHAT‘S IN IT FOR US?
Monday, 2 June 2014
Anders Olsson, vice CEO E.ON Norden, presented the main conclusions of the report Nordic Energy Ways in Europe. Read the full report here: www.globalutmaning.se/wp-content/uploads/2013/11/Nordic-Energy-Ways-in-Europe1.pdf
Ulf Dahlsten gave a presentation at the Stockholm School of Economics on March 22nd, 2014 about combating debt addiction and stabilizing the financial system. He argued that more needs to be done as the system has issues like extreme pro-cyclicality, underestimating endogenous risks, excessive money creation, growing private debts, asset inflation, and complexity. He focused on these problems and asked questions about addressing excessive money creation, the danger of private debt buildup, curbing asset inflation without hurting the economy, and what central banks, regulators, and politicians can do to help.
Cross-border cooperation in the electricity sector - the Nordic exampleGlobal Utmaning
The document discusses cross-border cooperation in the electricity sector through the Nordic example. It outlines the history of interconnections between Nordic countries dating back to 1963, which grew over time through the establishment of Nordel in 1992 to facilitate cooperation between transmission system operators. Nordel later joined ENTSO-E and helped coordinate the decarbonization of the power sector in the region through increasing renewable energy and electrification while maintaining a reliable grid through 2050. The context of cooperation has become more complex over time with new drivers like emissions pricing and public demand, as well as obstacles around political will, governance capacity, and handling interdependencies across borders.
Challenges with high household debt levels - a Swedish perspectiveGlobal Utmaning
A presentation held by Lord Adair Turner from INET at Global Utmaning's and the Swedish House of Finance's seminar "Combating the Debt Addiction" at the Stockholm School of Economics, Thursday May 22, 2014.
Ed Groark presents State of the World 2014: Governing for sustainabilityGlobal Utmaning
Ed Groark, Chairman of the Worldwatch institute, presented the annual report State of the World, this year themed "Governing for sustainability" at a seminar hosted by Norden i Fokus and Global Utmaning on the 7th of May 2014.
Energiewende - Status of the German Energy reformsGlobal Utmaning
A presentation given in Stockholm, March 20th 2014, by Dr. Ralf Bartels, Industriegewerkschaft Bergbau, Chemie, Energie
Head of Department Energy Reforms / Sustainability
at Global Challenge's and E.ON's seminar "A Nordic Energiewende?"
The document defines a green economy as one that is low-carbon, resource-efficient, and socially inclusive according to the UNEP. It also includes a diagram showing the interdependencies between different levels of trust, politics, markets, resources, and social relations that are necessary for a sustainable green economy. Weaknesses in any of these areas can undermine the transition to a green economy.
Research questions for a green, inclusive economyGlobal Utmaning
This document summarizes a presentation on research questions for a green, inclusive economy. The presentation covered three main topics:
1. Metrics - It discussed developing alternative metrics to GDP like national wealth accounts and a prosperity metric based on solving human problems.
2. Vision - It addressed the need for systems thinking and considering renewable vs. exhaustible natural resources.
3. Transition - Key research questions were presented around the politics and innovation required for an economic transition, including governance mechanisms, necessary institutions, and business models within planetary boundaries.
The presentation concluded by noting the career prospects for economists to work on these important transition questions and called for mutual understanding between disciplines.
A critical review and considerations: Green economy, what is it?Global Utmaning
This document provides a summary and critique of a proposal to build models for a sustainable Germany by 2040. It notes that the proposal makes some good points but its economic understanding is still simplistic and it is insufficient in design and scope. The summary recommends using systems analysis throughout, integrated assessment modeling to analyze past data and scenarios, and involving experienced systems analysts. It concludes that the proposal has some blind spots and needs to better connect the whole system, address issues like population and trade, and engage policy/government to enable real paradigm shifts.
This document discusses the need to rethink economics education in light of current economic, environmental, and social crises. It references students walking out of an economics class at Harvard to protest the field's inherent biases. It also notes students' thirst for new ways of thinking about the economy that better fit the world they are living in. The document advocates that the current economic syllabus needs updating since the world has changed. It introduces concepts like scale, speed, networks, thresholds, and feedbacks that need to be incorporated into a revised understanding of economics. It questions how humanity's ability to affect life support systems through tipping points should change our definition of progress.
The importance of social capital for a green economyGlobal Utmaning
The document discusses the importance of social capital for a green economy. It summarizes that the decline of social capital in the US has led to increases in loneliness, isolation, family instability, and distrust, and decreases in social contact, honesty, solidarity, and civic engagement. It also discusses how relational poverty can cause individuals to work more hours to compensate, creating a vicious cycle where lack of time also harms relationships. The document proposes that economic growth fueled by "defensive expenditures" to replace lost relationships and environment can undermine well-being, and suggests policies to strengthen social capital through cities, media, work, schools, and other institutions.
This document summarizes a workshop on transitioning to a green, inclusive economy. It was organized by a Swedish think tank and funded by MISTRA, a Swedish environmental research foundation. The workshop brought together economists to discuss how a green economy differs from the current paradigm and what research is needed to support the transition. Key findings included that a transition requires a paradigm shift, not just adjustments, and that political will is needed to implement proposals from science-oriented economists for reforming institutions and incentives to align economic growth with sustainability.
The document discusses Strategic Sustainable Development (SSD) and proposes a unifying structure for SSD to help operationalize and inform green economy research. It identifies gaps in knowledge around linking ethics and income for businesses, small and large-scale operations, and short-term and long-term goals. It suggests political and economic measures are needed to address these "prisoner's dilemmas" and manage the transition. The proposed structure aims to provide clarity on boundary conditions for sustainability, the business case for compliance, systematic planning, and leveraging existing economic tools to accelerate progress.
The document summarizes Gail Tverberg's views on peak oil and limits to growth compared to other forecasts. Some key points:
- Tverberg believes the limits to growth from the 1972 Club of Rome report are being reached in the next few years, which will cause government funding problems, debt defaults, and inadequate oil to sustain economic growth.
- She disagrees with views that renewable energy and efficiency will automatically replace fossil fuels or that high energy prices will accelerate efficiency. Instead, high energy prices of all kinds will sink the economy.
- EROEI calculations do not adequately capture issues with intermittent renewables like needing batteries and the debt required. This overstates their potential.
-
Energiewende - Status of the German Energy reformsGlobal Utmaning
A presentation given in Stockholm, March 20th 2014, by Dr. Ralf Bartels, Industriegewerkschaft Bergbau, Chemie, Energie
Head of Department Energy Reforms / Sustainability
at Global Challenge's and E.ON's seminar "A Nordic Energiewende?"
The document defines a green economy as one that is low-carbon, resource-efficient, and socially inclusive according to the UNEP. It also includes a diagram showing the interdependencies between different levels of trust, politics, markets, resources, and social relations that are necessary for a sustainable green economy. Weaknesses in any of these areas can undermine the transition to a green economy.
Research questions for a green, inclusive economyGlobal Utmaning
This document summarizes a presentation on research questions for a green, inclusive economy. The presentation covered three main topics:
1. Metrics - It discussed developing alternative metrics to GDP like national wealth accounts and a prosperity metric based on solving human problems.
2. Vision - It addressed the need for systems thinking and considering renewable vs. exhaustible natural resources.
3. Transition - Key research questions were presented around the politics and innovation required for an economic transition, including governance mechanisms, necessary institutions, and business models within planetary boundaries.
The presentation concluded by noting the career prospects for economists to work on these important transition questions and called for mutual understanding between disciplines.
A critical review and considerations: Green economy, what is it?Global Utmaning
This document provides a summary and critique of a proposal to build models for a sustainable Germany by 2040. It notes that the proposal makes some good points but its economic understanding is still simplistic and it is insufficient in design and scope. The summary recommends using systems analysis throughout, integrated assessment modeling to analyze past data and scenarios, and involving experienced systems analysts. It concludes that the proposal has some blind spots and needs to better connect the whole system, address issues like population and trade, and engage policy/government to enable real paradigm shifts.
This document discusses the need to rethink economics education in light of current economic, environmental, and social crises. It references students walking out of an economics class at Harvard to protest the field's inherent biases. It also notes students' thirst for new ways of thinking about the economy that better fit the world they are living in. The document advocates that the current economic syllabus needs updating since the world has changed. It introduces concepts like scale, speed, networks, thresholds, and feedbacks that need to be incorporated into a revised understanding of economics. It questions how humanity's ability to affect life support systems through tipping points should change our definition of progress.
The importance of social capital for a green economyGlobal Utmaning
The document discusses the importance of social capital for a green economy. It summarizes that the decline of social capital in the US has led to increases in loneliness, isolation, family instability, and distrust, and decreases in social contact, honesty, solidarity, and civic engagement. It also discusses how relational poverty can cause individuals to work more hours to compensate, creating a vicious cycle where lack of time also harms relationships. The document proposes that economic growth fueled by "defensive expenditures" to replace lost relationships and environment can undermine well-being, and suggests policies to strengthen social capital through cities, media, work, schools, and other institutions.
This document summarizes a workshop on transitioning to a green, inclusive economy. It was organized by a Swedish think tank and funded by MISTRA, a Swedish environmental research foundation. The workshop brought together economists to discuss how a green economy differs from the current paradigm and what research is needed to support the transition. Key findings included that a transition requires a paradigm shift, not just adjustments, and that political will is needed to implement proposals from science-oriented economists for reforming institutions and incentives to align economic growth with sustainability.
The document discusses Strategic Sustainable Development (SSD) and proposes a unifying structure for SSD to help operationalize and inform green economy research. It identifies gaps in knowledge around linking ethics and income for businesses, small and large-scale operations, and short-term and long-term goals. It suggests political and economic measures are needed to address these "prisoner's dilemmas" and manage the transition. The proposed structure aims to provide clarity on boundary conditions for sustainability, the business case for compliance, systematic planning, and leveraging existing economic tools to accelerate progress.
The document summarizes Gail Tverberg's views on peak oil and limits to growth compared to other forecasts. Some key points:
- Tverberg believes the limits to growth from the 1972 Club of Rome report are being reached in the next few years, which will cause government funding problems, debt defaults, and inadequate oil to sustain economic growth.
- She disagrees with views that renewable energy and efficiency will automatically replace fossil fuels or that high energy prices will accelerate efficiency. Instead, high energy prices of all kinds will sink the economy.
- EROEI calculations do not adequately capture issues with intermittent renewables like needing batteries and the debt required. This overstates their potential.
-
1. Bygga om-dialogen
Bjarne Stenquist, miljöförvaltningen Malmö stad
bjarne.stenquist@malmo.se Tel: 0734-340070
Bygga
2. Områdesbeskrivning
Gul = Resursrika och svenskdominerade
Rapport sid 54 Grön = blandade/integrerade utifrån de
två segregationsvariablerna
Blå = resursfattiga och dominerade av
synliga utrikes födda invånare (födda
utanför Norden och Västeuropa)
Vit = resursfattiga och
svenskdominerade
Svart = resursrika och dominerade av
synliga utrikesfödda invånare
3. Områdesbeskrivning
Gul = Resursrika och svenskdominerade
Rapport sid 54 Grön = blandade/integrerade utifrån de
två segregationsvariablerna
Blå = resursfattiga och dominerade av
synliga utrikes födda invånare (födda
utanför Norden och Västeuropa)
Vit = resursfattiga och
svenskdominerade
Svart = resursrika och dominerade av
synliga utrikesfödda invånare
10. Bostäder i Sverige står för
35% av energianvändningen
20% av CO2-utsläppen
(Högre i EU)
11. Stora investeringsbehov
Alingsåshem: 750 000 kr/lägenhet (blev 1 miljon)
Botkyrkabyggen: 650 000 kr/lägenhet
Rikshem, Gränby, Uppsala: en miljon/lägenhet
MKB: 250 000 kr/lägenhet för 50% energibesparing
12. 500 000 kr/lägenhet
innebär investeringsbehov i storleksordningen
325 miljarder kronor nationellt
15 miljarder kronor lokalt
23 500 miljarder kronor i EU
(Byggindustrin: 162.500 årsarbeten)
13. Den stora utmaningen:
Hur finansiera?
Energibesparingar?
Hyreshöjningar?
(Contentus i Rosengård: + 40% - stor utflyttning)
Sociala kostnader?
14. Regeringens innovationsstrategi
Sid 40: ”Delmål: Använda potentialen i social
innovation och samhällsentreprenörskap för att bidra
till att möta samhällsutmaningar
Social innovation och samhällsentreprenörskap handlar
om processer som har som mål att lösa samhällsproblem
på nya sätt och med innovativa idéer och metoder. Dessa
processer sker ofta i gränslandet mellan näringsliv,
offentliga verksamheter och det civila samhället.”
15. Bygga om dialogen i Lindängen
1712 hyreslägenheter fördelade på tre fastighetsägare
Trianon: 400
Stena: 631
Willhem: 681
16. Investeringskalkyl; fastigheter
Av fastighetsägarna uppskattat investeringsbehov:
700.000:-/lägenhet
350.000:-
lägenhetsupprustning
350.000:- energiinvestering
( 50% energireduktion)
Totalt: 1,198 miljoner - ca 600 milj. finansierat
600 årsarbeten i byggindustrin
17. Kostnader för utanförskap i Lindängen fördelat på aktörer:
Reala ackumulerade kostnader mellan 18 och 65 år för tio unga personers förväntade utanförskap fördelade på
aktörer. Källa: Ingvar Nilsson: ”Den ojämlika välfärden i Malmö i ett ocioekonomiskt perspektiv”, rapport till
kommissionen för ett socialt hållbart Malmö, 2012
20. Investeringskalkyl; sociala
kostnader
600 milj. saknas i invsteringskalkylerna
600 milj. motsvarar besparing i
transfereringssystemen om
220 personer flyttas från permanent offentlig
försörjning till permanent egen försörjning
under åtta år.
21.
22. Module 3: possible combination of ERDF/ESF and institutional
investment
ESF Other investors ERDF
resources (public or private) resources
EIB and larger
Fund of Funds institutional
investors
Government Make payment invest
for results
(national, regional
SIFIs Housing
or local)
providers
New housing as well as
Social enterprises improving energy efficiency of
Deliver
results/impact - providing local existing housing
training, job
creation, sheltered
housing, care, etc
