As if the implications of the unfolding global financial crisis weren’t bad enough, the Irish economy must also contend with the consequences of a banking system exposed to unprecedented property-related debts. Reflecting on the ongoing crisis, Richard Douthwaite explains why investment in local energy innovation may prove the key to improving Ireland’s economic health
Every eurozone government has debt problems and is cutting its spending, Richard Douthwaite says. Defaults and a prolonged depression are inevitable unless countries inject money into their economies in an unconventional way. A prosperous low-carbon economy would be the result
Richard Douthwaite explains why the bailout may turn out to be a gift to Ireland, and offers some advice for dealing with a default.
Why the Greenov project may be the key to success for Irish SMEs in energy upgrade market
With money leaving local economies across Ireland to service debt and significant drops in local authority revenues, towns such as Dundalk, Ennis and Kilkenny are investigating the possibility of bringing in electronic currencies to keep money circulating locally, as Richard Douthwaite reveals.
The market for new residential build may have bottomed out, but compared to the rest of the construction industry the sustainable building sector appears buoyant. Changing market conditions, various government incentives and updated building regulations are all helping greener building companies - but with few houses likely to be built this year and capital restricted, challenges still lie ahead. Lenny Antonelli reports
World record oil prices are being shattered so regularly that breaking news stories on the matter seem cliché, with other fossil energy sources heading in the same direction. Richard Douthwaite describes the first significant signs that Irish banks may be starting to take the issue on board regarding property lending.
Richard Douthwaite proposes a new bank-free, debt-free way of financing property purchase and development to get the market working again and clear up the mess left by the bubble.
The world has learned the hard way that our political leaders lacked the judgement and resolve to identify and address the problems which led to the recession. Richard Douthwaite argues that a similarly flawed judgement is evident in the assumption that the economy will recover, and advises on how to prepare for a future of global economic contraction.