http://www.feasta.org/documents/wells/contents.html?intro.html
$this->bbcode_second_pass_quote('', 'b')y Richard Douthwaite
This book is based on the papers given at a conference, Ireland's Transition to Renewable Energy, held at the Tipperary Institute in Thurles over three days in Autumn 2002. The event was organised by Feasta, the Dublin-based Foundation for the Economics of Sustainability, the Renewable Energy Information Office of Sustainable Energy Ireland and the Tipperary Institute itself. It drew its inspiration from the work of Dr. Colin Campbell, who has been arguing authoritatively for some years that the world's oil supply will begin to contract during the current decade as a result of resource depletion.
Feasta has been interested in Dr. Campbell's ideas since it was established in 1998 and he spoke at the Money, Energy and Growth conference it organised at Trinity College, Dublin, in March 2000. The three themes indicated by the title of the Trinity conference ran through the Thurles one and will be apparent in this book. This is because although the Thurles conference was designed to be an impartial enquiry into Ireland's energy future rather than the presentation of a particular point of view, the questions the enquiry was designed to answer were naturally those that the organisers - and in particular, Feasta, since it took the main responsibility for assembling the programme - thought were significant.
Feasta sees its task as to identify the characteristics that the world will have to possess to become economically, environmentally and socially sustainable. Once it has done this, it should be able to establish which features of the present system need to be changed and how this should be done. Feasta's work so far has led it to believe that continual economic growth is incompatible with sustainability and that a sustainable world can only be powered by energy from renewable sources. It has also identified the present money-creation system as a barrier to the achievement of sustainability. This is because, since almost all the money now in use was originally issued as a debt, unless people borrow just a little more each year than than they or others repaid during the previous one, (the increase is required because the retained earnings of the lenders have to be borrowed back), the money supply will contract and this will limit the amount of trading that is possible. ...



