The Future Finance Commission of the World Future Council identifies, develops and disseminates policy proposals for reforming the financial and monetary system. Sustainable economies require productive and stable financial markets as well as monetary resources for climate protection.


Our current economic system is unsustainable, unfair, unstable and no longer improves our quality of life. In changing our economic system towards sustainability and common wealth, we can enable climate change mitigation, empower millions of people and lead the way towards a fairer future.


Climate Finance

How can we mobilise the financial means to meet the 1.5°C limit?

In order to even achieve the previous 2°C target, an estimated $1000 billion is needed to be invested annually in the development of renewable energy solutions. To meet the 1.5°C limit in line with the Paris Agreement the necessary investments in renewable energies would be significant higher. We outline how the large investment sums could be financed between a co-operation of developing countries, Multilateral Development Banks, the private sector and Central Banks.

How can we convert stranded fossil fuel assets into renewable energies?

The necessary fast exit out of burning fossil fuels would lead to a massive increase of fossil stranded asset. We outline a plan how strand fossil fuel assets could be converted into renewable energies investments.   


Can our production systems become sustainable and balanced within our existing political and economic order?

This is, in principle, possible. The expected problems in financing such a transition can be overcome once the analysis is based on actual economic processes. This paper aims to move beyond the current purely GDP-oriented debate on growth by highlighting the differences between real finiteness and the apparent finiteness of GDP. Growth and finiteness have to be reconciled if we want peace and sufficiency for possibly over 10 billion people in the future.

Monetary Policy

How Central Banks could help tackling climate change

Monetary policy is usually regarded only as a tool to control inflation. But this view describes the capabilities and the duties of a Central Bank in a very limited if not incorrect way. As shown during the financial crisis Central Banks are the most powerful institutions in our current economic system. Thus, one crucial duty of Central Banks is to support climate finance measures to tackling the systemic risk of a climate catastrophe.

The World Future Council develops feasible proposals on the future role of central banks. We analyse existing proposals for monetary reforms and highlight how minimal changes could lead to vast improvements of current monetary policy and generate resources to finance crucial climate protection investments and the Sustainable Development Goals (SDGs) of the UN.

Financial Regulation

Strengthening the public interest through Financial Regulation

Complex financial instruments such as derivatives are massively used for tax avoidance purposes. Excessive proprietary trading poses unnecessary risks to the financial system. Unproductive credit growth within the financial sector drives asset price bubbles such as real estate.

In Canada, multiple securities lending as collateral is already prohibited and the EU should follow this example. The World Future Council researches and develops solutions to these issues and works closely with policy-makers to counter the unilateral interests of the financial sector.

Understanding Economics

Economics and Sustainable Development go hand in hand

A basic understanding how our economic system is working on a macroeconomic level is crucial to deal with almost all challenges described in the 17 SDG from the UN in successful way. One of the popular misunderstandings is the relation of debt and assets on a macroeconomic level in contrary to a single household perspective.

Each household can only earn interest on its savings if another economic sector borrows money and becomes indebted but at the same time makes enough profit with the borrowed credit to service the interest and repayment costs. If this is not the case no interest can be generated. The amount of financial assets of one side is always exactly the same as the debt of the other side.

Looking at this from a global perspective, a country can only reach an export surplus if at least one other country has a matching deficit. The attempt of all countries to achieve a surplus simultaneously will fail because the trade balance sheet of the global economy is always zero.

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News & Articles


The climate cost of 100% renewable energy

At the COP 21 in Paris, the international community agreed on an agenda to cut greenhouse gas emissions to a level that will limit the rise in average global temperatures to 1.5°C. On 5 October 2016, the threshold for entry into force of the Paris Agreement was achieved. For a likely chance to stay below a rise of 1.5C, we have to reach zero emissions by 2050.


Better Regulation Watchdog


Better Regulation Watchdog

As a founding member of the network “Better Regulation Watchdog”, we are committed to the furthering the development of policies that improve environmental, human rights and social standards and regulate financial markets. For the European Commission, “better regulation”, means burdening businesses as little as possible. Fifty-eight organisations – including German Federation of Trade Unions, Finance Watch and the World Future Council – have therefore joined forces to protect the public interest within European legislation.


Finance Watch


Finance Watch

In 2009 the WFC Commission on Climate and Energy initiated the African Renewable Energy Alliance(AREA), a pan-African multi-stakeholder network of policy-makers and representatives from business, civil society, and academia and comprises around 2.000 members from 90 countries. AREA facilitates on- and offline information exchange and consultation about policies, technologies and financial mechanisms for the deployment of renewable energy in Africa and the acceleration of the renewable energy transition in rural and urban Africa. Find out more about this on AREA´s website.

Tax against Poverty Campaign

Tax against Poverty Campaign

A broad-based financial transaction tax (FTT) could mitigate harmful financial speculation and at the same time generate substantial tax revenues. The German Alliance “Kampagne Steuer gegen Armut” is committed to a comprehensive FTT. The World Future Council is backing the campaign and is also a member of the Steering Committee.


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