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The current energy market structures, including the short-run-marginal-price-on-all nature of the current wholesale market, are not fit for a transition to a renewables-dominated system.

The present emergency responses to the energy crisis across Europe are unsustainable and are generating acute economic and political tensions, which could grow. The UK moved from targeted fiscal supports to a more general price cap on electricity, which, due to its cost (to government) is now set to end after this winter, with a search for new approaches. In the EU, following an acute focus on gas prices, attention is turning to the scale of unequal cost burdens and windfall profits in the European electricity market, precipitating urgent debate about reforms that could also align with the need to further accelerate the move away from fossil fuel generation.

Moving away from fossil fuels, towards a system with a far greater contribution from variable renewables, means that the current system is not fit for purpose.

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Keith Knight substack

This is what I think of as a signpost article – it points you to something the mainstream media is deliberately not giving the prominence it needs, but I have no personal expertise or inside knowledge to give you. I am just giving you a start to get going. Several readers will have a much […]

The post FTX appeared first on Craig Murray.

Iran’s protesters will neither submit to the fascism hidden behind the regime’s pseudo-anti-imperialism nor surrender their country to the hegemony of the United States or their economy to financialized capital. The Western left should learn from them. ATHENS – Dealing with random, unprovoked abuse is never easy. But dealing with random, unprovoked praise can be […]

The post The New Iranian Revolution as an opportunity for the Internationalist Left – Project Syndicate appeared first on Yanis Varoufakis.

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One of the grand traditions of the Past & Present Reading Group is “the pitch.” As we near the end of our current text, those who have engaged with it are given the opportunity to nominate the next book that the group will tackle. At risk of doing an injustice to any selfless members of the group, I would suggest that most pitches combine two motives of the pitcher: on the one hand, a genuine feeling that a collective reading of the suggested text will pay dividends to all members; on the other, a more prosaic, self-interested desire to recommend a book that is important to their own work and which they want to read anyway. Such was definitely the case when I pitched Alex Callinicos’ Making History: Agency, Structure, and Change in Social Theory.

The post Alex Callinicos, Making History: Agency, Structure and Change in Social Theory appeared first on Progress in Political Economy (PPE).

Proposed reforms to Australia’s industrial relations laws are likely to support higher coverage for collective bargaining in the national labour market, and provide a boost to stagnant wage growth according to new research from the Centre for Future Work. The report reviews historical data on the erosion of collective bargaining in Australia, and its close

The post Restoring Collective Bargaining Coverage Would Boost Wage Growth: Research Report appeared first on The Australia Institute.

Hi everyone! I’ll be at DesignerCon in Anaheim this weekend, all three days Nov 18-20 at booth 725. I’ll have books and merch–come say hi!

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