Development needs to meet the UN SDG have primarily been financed through private sector financing, conventional public sector funding and philanthropic commitment. These sources are not sufficient in scale and speed to meet the pressing finance needs. The world community is too busy repairing, stabilizing, and refunding the system to maintain the stability of the existing system. The introduction of a parallel electronic currency specifically designed to finance global commons, and a human-centred economy would provide the necessary resources to achieve the UN SDGs while stabilizing the existing monetary system.
This book analyses how the development of cryptocurrencies based on blockchain distributed ledger technologies has prompted leading central banks around the world to study the potential application of this approach to directly inject purchasing power without dependence on the banking system. Furthermore, the book illustrates how this approach can be utilized to finance the huge multi-trillion dollar annual investment requirements for achieving the Sustainable Development Goals (SDG).
With a Foreword from the President of the Club of Rome.
“This book is where fiction turns into fact.” - World Bestselling Author of ‚The Minister of the Future‘ Stan Robinson
“…challenging, innovative and interdisciplinary… to address the world’s problems.” - Founder and Father of the Quantitative Easing (QE), Prof. Dr. Richard Werner, Oxford University, GB
“The real tragedy of the commons, as this book shows, is that we have allowed the most valuable social resources, our money and legal systems, to be employed for private gain instead of mobilizing them for social goals, not the least to ensure the survival of the human species on this planet.” - Best-selling author of ‚The code of capital’ Katharina Pistor, Edwin B. Parker Professor of Comparative Law and Director, Center on Global Legal Transformation Columbia Law School, USA
Author(s): Stefan Brunnhuber
Series: Sustainable Finance
Publisher: Springer
Year: 2023
Language: English
Pages: 124
City: Cham
Foreword
Contents
Chapter 1: Introduction
1.1 A Planetary Kairos Moment: Mental Preparedness for Change
1.2 Some Preliminary Findings to Frame The Story
References
Chapter 2: Two Forms of the Unknown
2.1 We Like the Rewards but Not the Risks
2.2 Two Forms of the Unknown
2.3 Not Another Crisis, but a Shift in the Societal State of Aggregation
2.4 Funding the EGD and the UN SDGs
References
Chapter 3: The Economics of External Shocks
3.1 The Recovery Plan: The 7Rs for Building Back Better
3.2 The W-Curve and the Multiple Cost Components
3.3 Two Cost Components: A Closer Look
3.4 Summary: A General Economic Law of Transformation
References
Chapter 4: The Traditional Way to Do It
4.1 Financing Sustainability Is Not Sustainable Finance
4.2 Money Is Not a Neutral Veil
4.3 End-of-Pipe Financing: The Unnecessary and Unhealthy Straitjacket
4.4 The Difference Between the Public and the Private Purse: An Asteroid Hits Europe
References
Chapter 5: The Real Tragedy of the Commons
5.1 Empty and Full Worlds
5.2 Defining the Nature of Our Commons
5.3 The Future Is Now: Financing the WHO
5.4 How to Wake the Sleeping Giant
5.5 Price Formation and the Commodification of Commons
References
Chapter 6: Upgrading the System
6.1 The Indispensable Triad
6.2 Friendly Co-existence: Digitalisation and Parallelisation Are Key
6.3 Riding a Bike with Two Wheels
6.4 A First Obstacle: Tackling Inflation
References
Chapter 7: The Great Leverager
7.1 Beyond Free Market Conditions
7.2 It´s Not the Money, Stupid! It´s the Resources
7.3 The Great Impact
7.4 A Two-Tier Approach: Financialisation and Securitisation
References
Chapter 8: Three Overarching Topics
8.1 Budgeting in a War and Peace Economy
8.2 Lifting the Resource Curse
8.3 The Case of Imported Energy and Food Price Inflation
References
Chapter 9: Best Practices and Case Studies
9.1 The Private Liquidity Trap
9.2 The Difference Between Investing in a Pig Farm and Investing in Preschooling
9.3 Best Practices and Illustrative Examples
9.4 Going Direct for Our Global Commons
References
Chapter 10: Conclusion
References
Policy Recommendations
References
