Implementing a “climate bailout”: How to convert fossil fuel stranded assets into renewable energy investments


To comply with the 1.5°C limit agreed in Paris, a significant fraction of fossil resources cannot be used for energy production. The loss of value of fossil fuels such as oil, gas and coal will cause considerable uncertainty and instability on the financial markets. Also, the unavoidable transformation of energy companies towards renewable energy generation will be even harder when they are weakened by the accelerated depreciation of their fossil fuel assets.

Therefore, a new financial instrument is required to enable energy companies to convert their de facto “stranded” fossil fuel reserves into renewable energy (RE) assets. Passing on the losses to taxpayers would be neither politically nor financially realistic. The only institutions that have the economic potential to implement a “climate bailout” are Central Banks, just as they have done in the banking crisis since 2008.


Experts to discuss solutions for Land, Soils and Food in Africa at Heliopolis University, Cairo

The Future Policy Award 2017 awarded exemplary policies that contribute to the protection of life and livelihoods in the drylands and help achieve Sustainable Development Goal 15 Life on Land. This international prize was awarded by the World Future Council in partnership with the UN Convention to Combat Desertification, the World Future Council. During a conference at Heliopolis University in Cairo, we took a closer look at these World Champions in combating desertification and discussed solutions for food, soils and livelihoods in Africa.


Right: Helmy Abouleish, Chair of the Board of Trustees, Heliopolis University and CEO of the SEKEM Initiative & WFC Councillor

WFC councillor Dr. Auma Obama talking to media after the event











The conference at the Heliopolis University in Cairo which was convened by SEKEM Initiative, Heliopolis University for Sustainable Development together with the World Future Council. The aim of this event was not only to raise awareness on exemplary policies for land, soils and food in Africa, but also to create synergies between policymakers of international organisations (UN Convention to Combat Desertification, IFAD and World Future Council) and national stakeholders, i.e. ministries, Members of Parliament, civil society, academia and media.

During the conference, we were honoured to welcome experts on land and soil issues from across the globe. The event brought together high level participants and experts;  among them were Dr. Mohamed Abdel Aty, the Egyptian Minister of Water Resources and Irrigation;  Dr. Auma Obama, World Future Councillor and Founder and Director of the Sauti Kuu Foundation;  Monique Barbut, Executive Secretary of the United Nations Convention to Combat Desertification (UNCCD);  Hans Herren, President of Millennium Institute and Recipient of the Right Livelihood Award; Helmy Abouleish, Heliopolis University Chairman of the Board of Trustees and CEO of SEKEM Initiative and recently recognized as UN Champion for Facing Climate Change; and Alexandra Wandel, Director of the World Future Council Foundation which convened the Future Policy Award 2017 on Combating Desertification.

From left to right: Hans Herren, President, Millennium Institute and President, Biovision Foundation; Abdelkarim Sma, Egypt Country Director, International Fund for Agricultural Development, IFAD; Dr. Auma Obama, Councillor, World Future Council and Director of the Sauti Kuu Foundation; Monique Barbut, UN Under Secretary General, Executive Secretary, Convention to Combat Desertification; Alexandra Wandel, Director of the World Future Council; Lothar H. Fickert, Professor, Graz University of Technology; Prof. Hani Sewilam, Academic Director, Hydrology Department, RWTH Aachen University

Updates from our work in April

A step forward towards sustainable food systems

Our current food and agriculture systems are driving the vast depletion of natural resources, fuel inequality and contribute to climate change. We urgently need to shift to more sustainable food systems that deliver environmental and social outcomes and are able to withstand shocks and climate change! Agroecology is a key element in this process – this is why the Food and Agriculture Organization (FAO), the World Future Council (WFC) and IFOAM – Organics International kicked off together the Future Policy Award 2018, a global contest for the world’s best agroecology laws and policies.

Our Climate, Energy & Cities team has changed

Our Climate, Energy & Cities team has a new director: on 1 April, Rob van Riet took over from Anna Leidreiter in managing the Climate Energy Programme. He will take up this post for the duration of Ms Leidreiter’s maternity leave. Mr. van Riet, who joined the World Future Council in 2010,  has previously coordinated the Peace and Disarmament Programme in our organisation.

The Climate Energy team has also been strengthened by a new Project Manager, Anna Skowron, who joined the team in February. In her main capacity, Anna is coordinating the media and communication work for the DEEDS project (“DialoguE on European Decarbonisation Strategies”), and advancing the team’s advocacy work for 100% renewable energy for sustainable development.

The Peace and Disarmament Programme will continue with a few of its key projects thanks to the continued involvement of some members of the Council.

Rob van Riet

Anna Skowron







Press Release: Scaling up Agroecology

How food security is possible: Future Policy Award to celebrate the world’s best policies for agroecology

Global contest announced by UN Food and Agriculture Organization, World Future Council and IFOAM – Organics International

Rome, 6th April 2018 – At the 2nd International Symposium on Agroecology, the Food and Agriculture Organization (FAO), the World Future Council (WFC) and IFOAM – Organics International kick off a global contest for the world’s best agroecology policies.

Every year, the most visionary policies tackling humankind’s most pressing challenges are commended with the Future Policy Award (FPA), the only global award that recognises policies rather than people. The World Future Council has awarded this annual prize since 2010 in partnership with UN agencies. Recognising that scaling up agroecology is a key element to achieve the Sustainable Development Goals, the World Future Council, the FAO and IFOAM – Organics International will identify and honour policies that create enabling environments for agroecology in 2018. Now FAO and the World Future Council joined forces, signing a Memorandum of Understanding to work together in support of this year’s Future Policy Award.

Signing Ceremony of a Memorandum of Understanding between FAO and the World Future Council Image copyright ©FAO/Alessandra Benedetti (via Flickr)


Agroecology: key to achieving food security and sustainable agriculture

In 2015, world leaders committed to the 17 Sustainable Development Goals (SDGs). SDG 2, “Zero Hunger”, seeks to end hunger, achieve food security and improve nutrition, and promote sustainable agriculture. However, according to FAO, 815 million people go hungry even though there is more than enough food produced in the world to feed everyone. Agroecology can help transition to sustainable food and agriculture systems that ensure food security and nutrition for all, provide social and economic equity and conserve biodiversity and the ecosystem services on which agriculture depends.  The award highlights proven policies that effectively scale up agroecology at local, national and international levels

Our food system is at a crossroads

Maria Helena Semedo, FAO Deputy Director-General, explains: “Agroecology can help transform the way we currently produce and consume food to build healthier and more sustainable food systems. But this calls for the full engagement of governments and policy makers. Only with significant commitment at the policy level, will we see the scaling-up of agro-ecological approaches take root and realise its potential.


“This year’s Future Policy Award will reveal proven solutions that make sustainable agriculture possible. The World Future Council is determined to further cooperate with FAO in order to identify and share the best policies for advancing agroecology in the interest of future generations. It is critical that we learn from the policies that are already making an impact,’’ says Alexandra Wandel, Director of the World Future Council.


 “World Leaders and the UN General Assembly recognise the potential of agroecology to achieve healthy nutrition for all and to address social injustice, climate change and biodiversity loss”, notes Peggy Miars, World Board President of IFOAM – Organics International. “We see it happen in numerous countries where the policy framework gets it right. Let’s showcase and reward these innovative policies!”

The winners of the 2018 Future Policy Award will be recognised in a ceremony at FAO in Rome around World Food week.

The Future Policy Award 2018 is supported by the FAO, the World Future Council, IFOAM-Organics International with the assistance of Green Cross International, DO-IT – Dutch Organic International Trade and Sekem Group (Egypt).


Joined forces (from left to right): Peggy Miars, World Board President of IFOAM – Organics International, Maria Helena Semedo, FAO Deputy Director-General and Alexandra Wandel, Director of the World Future Council, at the 2nd International Symposium on Agroecology Image copyright ©FAO/Alessandra Benedetti (via Flickr)

  Follow the 2018 Future Policy Award on Twitter with #FPA2018 or #FuturePolicyAward

Media contact

For more information, or to arrange an interview, please contact

Miriam Petersen
Media & Communications Manager, World Future Council
Tel: +49 40 307 09 14 19

The World Future Council

The World Future Council (WFC) works to pass on a healthy planet and fair societies to our children and grandchildren. To achieve this, we focus on identifying and spreading effective, future-just policy solutions and promote their implementation worldwide. The Council consists of 50 eminent global change-makers from governments, parliaments, civil societies, academia, the arts and the business world. Jakob von Uexkull, the Founder of the Alternative Nobel Prize, launched the World Future Council in 2007. We are an independent, non-profit organisation under German law and finance our activities from donations. For information on the Future Policy Award, visit:

For press enquiries, please contact Miriam Petersen,, +49 40 307 09 14 19.

The Food and Agriculture Organization

The goals of the Food and Agriculture Organization of the United Nations are to reduce hunger and malnutrition, eliminate poverty through economic and social progress and support sustainable management and utilization of natural resources. The Food and Agriculture Organization of the United Nations leads international efforts to defeat hunger. Serving both developed and developing countries, FAO acts as a neutral forum where all nations meet as equals to negotiate agreements and debate policy. FAO is also a source of knowledge and information. FAO helps developing countries and countries in transition modernize and improve agriculture, forestry and fisheries practices and ensure good nutrition for all. Since the founding in 1945, FAO has focused special attention on developing rural areas, home to 70 percent of the world’s poor and hungry people.

For press enquiries, please contact Tina Farmer,, +39 06 5705 6846

IFOAM – Organics International

Since 1972, IFOAM – Organics International has occupied an unchallenged position as the only international umbrella organization in the organic world, uniting an enormous diversity of stakeholders contributing to the organic vision. As agent of change, their vision is the broad adoption of truly sustainable agriculture, value chains and consumption in line with the principles of organic agriculture. At the heart of IFOAM – Organics International are about a 1000 Affiliates in more than 100 countries.

For press enquiries, please contact Gábor Figeczky,, +492289265019, +4915756925021.


Amid growing dangers, experts highlight importance of the UN High-Level Conference on Nuclear Disarmament

New York, NY – March 28, 2018. At a media briefing for journalists at the United Nations in New York today, nuclear disarmament experts and campaigners highlighted the critical need for successful diplomacy on nuclear-weapons related conflicts, including in Northeast Asia, between the US/NATO and Russia, and at the upcoming UN High-Level Conference on Nuclear Disarmament.

Happy Easter from all at the WFC!

What’s new this February?

Food is Fundamental: Farm Okukuna launched

Ground-breaking at a Pioneering Project in Goreangab

Windhoek, 22 February 2018. In the far north-west of Windhoek, on the boarder of the informal settlements of Goreangab, a visionary new project was born yesterday. Farm Okukuna wants to improve food and nutrition security in the capital’s northern settlements.

At the ground-breaking ceremony, City of Windhoek Councillor Ananias Niizimba pointed out that “Farm Okukuna will be the centre for a number of programmes, including growing food, marketing it, supporting small enterprises and entrepreneurship and – also very important – improving nutrition”. The City of Windhoek has provided the erf, is putting up fencing and will organise basic services such as security, electricity, semi-pure and fresh water.

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