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New economy

Ireland decides to totally divest from fossil energy

in New economy by

Ireland is sending the right signal to the world. The country enacts a law to become the first country in the world to get rid of fossil fuels.
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The benefits of a sharing economy: Anyone need a ride?

in New economy by

You may not be a seasoned traveler, or convinced about your feelings around sleeping in a stranger’s guestroom, but you definitely know of Airbnb — San Francisco’s gem and the most prominent example of a new sharing economy. But what exactly is a sharing economy and why is it important to follow it?


The principle of the sharing economy — as the term suggests —  is to share resources and services. For example, a violoncello owner rents out the instrument for USD 63 per month to another person, who wants to learn playing the violoncello but doesn’t have one to practice. This concept doesn’t sound original, and it might even be characterised as primitive, but the sharing economy  of today is different from anything we have known before due to the availability of vast amount of data about the proprietors, the renters and the things or services.

Airbnb, RelayRides, Uber, SnapGoods are all good examples of a contemporary sharing economy and are all online marketplaces that have flourished thanks to the internet. Their servers match owners and renters with each other, the social networks allow on checking up people’s profiles, reading reviews and building trust, navigation satellites guide people to the nearest available service and bills are processed online.

It’s therefore the world wide web that coordinates the associates of the sharing economy and supports their eco-friendly habits.

Renting a bicycle, a sofa-bed or a camping tent instead of buying your own, immediately reduces your carbon footprint because you save on the resources that are required to make a brand new product.

Airbnb — an inspirer of the new sharing economy — has announced through its chief product officer and co-founder Joe Gebbia that guests in North America alone “use 63% less energy than hotel guests”. Uber,  another San Francisco based multinational online company, also appraises its service as advantageous for the environment: sharing a car instead of driving your own reduces the number of cars on the road, which reduces carbon dioxide.

Sharing economy may have started as a way to cut down on personal costs and supplement our income but it has evolved into an environmental movement and a revolutionary transformation of lifestyle. The players of this type of economy aren’t just trading — they are working towards their reputation, are building trust with each other and are practicing their social skills.Save

Economic degrowth: good news for humanity’s future

in New economy by


Don’t let the word ‘degrowth’ intimidate you because it’s definitely not about economic recession and deprivation of quality in our lives. Degrowth is a concept that has provoked environmentalists, social scientists, and economists long before it emerged as a major European intellectual movement in 2008 with the conference in Paris on “Economic De-Growth for Ecological Sustainability and Social Equity”. Read more

Neal Gorenflo: “The sharing economy crystallizes around technology”

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Neal Gorenflo
Neal Gorenflo

Neal Gorenflo is the co-founder and editor of “Shareable” a non-profit online magazine focused on sharing and evolving social innovation. He recently gave a conference in Buenos Aires, Argentina on wealth sharing by highlighting the potential of decision making and ownership. Read more

The Universal Basic Income under scrutiny

in New economy by

basin income

The idea of a universal basic income is becoming popular in many countries. Finland is allowing for an experimental pilot program to replace part of its social security protection with a universal basic income (UBI). Switzerland will hold a referendum on the subject in June. Other European countries are also envisaging with the concept. This idea is also gaining momentum in the United States. In Africa, a small island like Mauritius has already introduced a Bill in Parliament to provide for a minimum salary. Read more

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