Planet heating up, economy cooling down

Today, ten years later, the world economy is again standing on the brink of recession. And climate change has also advanced; we are nearing ecological tipping points sooner than expected. The permafrost is melting faster than forecasts calculated. The planet is heating up and the economy cooling down — a Green New Deal would be a win-win in this situation. According to the United Nations Conference on Trade and Development (UNCTAD), an ecological stimulus package would boost economic growth by another 1.5 per cent.

“Saving the planet” as a profit-making business model

“Climate change is the biggest market failure the world has ever seen,” says the economist Nicolas Stern. If we can overcome this failure by anchoring an environmental component into markets, we could create the next big investment opportunity in this century. For this to become a reality, however, governments will have to launch an ecological investment offensive and mobilize financial markets in this regard. Should they fail to act, another actor could step into the breach: Central Banks.

Advisor and Writer on the changing geopolitical and economic world order. ( )

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