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Wind turbines in South Africa. Sustainable economic growth means investing in sustainability

Fiscal Sustainability: Stimulus or Austerity

Cost cutting and economic consolidation makes good fiscal sense particularly during difficult economic times.  Conversely, stimulating your economy with investments that contribute to sustainable growth and create jobs also makes sense. As the wave of recession was breaking around the world, the IMF’s managing director said,  “if there has ever been a time in modern economic history when fiscal policy and…

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European voters rejected austerity in favor of growth. What will that mean for sustainable development in the US?

European Elections and Sustainable Development in America

In Europe, voters have chosen growth over austerity and this has implications for the U.S. economy and sustainable development. The Greek and French electorate’s rejection of austerity will have a dramatic effect on European spending, including investments in sustainability. These changes can also be expected to reverberate across the Atlantic. In France, Francois Hollande’s presidential victory has derailed Nicholas Sarkozy’s austerity…

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