Page 1




FEASTA The Foundation for the econmics of sustainablity

About us The organisation Feasta was launched in Dublin in October 1998. The position Feasta has adopted is that many of the world’s problems are caused not by bad people but by dysfunctional systems and it sees its purpose as helping to design better systems. For example, the economic system demands continual growth if it is not to collapse into a catastrophic depression, and this leaves politicians with little alternative but to pursue short-term economic growth

more-or-less regardless of the damage that that pursuit might be doing to longer-term environmental and social sustainability. Feasta aims to identify the characteristics (economic, cultural and environmental) of a truly sustainable society, articulate how the necessary transition can be effected and promote the implementation of the measures required for this purpose.

Sustainable Eneregy The idea that the current energy system is starting to be swept along by a technological revolution somewhat akin to the “revolution” over the last 30 years in computers and telecommunications that has brought personal computers, mobile phones and the internet. Read some of the literature of techno-optimists and it is very common to suggest that Moore’s

Law – the doubling of processing power on computers every year – provides an analogue for the sort of change that will apply in renewable energy systems – if only the politicians and carbon vested interest do not get in the way. In support of this idea people commonly point to the rapidity with which renewable systems like solar and wind have developed so far.

Sustainable economy Feasta aims to have a muchg more sustainable ecomony through good strategy. Feasta currency group members belive that a move away from debt-based money is essential in order to eliminate the financial system's current dependency on economic growth - a dependency that is deopardising the bioshpehre because it triggersnthe over-use of reseources.

A better understanding of the key missing goods and services (energy may be a good initial example) would help to inform and direct a more targetted model of Local Development. Currencies with local council sponsorship (i.e. councils accepting payment of rates, taxes and charges in the currency) can then work to rebuild economies in the context of a local plan.

Strategy is the key The strategy will reflect on a long-term vision of a modern European economy working for all Europeans. Studies and stakeholder input will contribute to the formulation of this vision and help explain the choices to be made. The strategy should reflect on the essential opportunities and challenges stemming from the long-term decarbonisation and clean energy transition of the EU. A good strategy will let us reach the goals of a much more sustainable Europe and Ireland.

Feasta’s strategy aims to push for the following : • Modernising the economy; • Improving citizens' quality of life; • Ensuring fair transition and tackling social challenges; • Reindustrialising Europe through digital, circular and low carbon innovation and clean mobility; • Promoting free, fair and sustainable global competition for markets, trade and investments; • Maintaining the EU's global leadership position on key geostrategic and security issues.


Thank you for your attention.

For more information on all of these topics please vist :


Profile for Mark Murray