WHAT WE DO

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.

WHY THIS IS IMPORTANT

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.

         

BE PART OF THE SOLUTION!

Our aim is to pass on a healthy planet and just societies to our children and grandchildren.
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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.   

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PUBLICATIONS

New Study: Tackling the Climate Crisis and Corona Pandemic Recession

May 13, 2020/by Anna_Media

Policy Brief: “Leveraging climate finance for the Global South. Context and tools – a brief ...

January 10, 2020/by Miriam Petersen

Ambition For the Future – 100%RE to Accelerate Sustainable Development

December 4, 2018/by Anna_Media

Financing 100% Renewable Energy for all in Tanzania

July 3, 2018/by Miriam Petersen

How to convert fossil fuel stranded assets into RE investments

January 2, 2018/by Miriam Petersen

Unlocking the trillions to finance the 1.5°C limit

November 7, 2017/by Anna_Media
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Degrowth

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PUBLICATIONS

All 6 /100RE 0 /Administration 1 /Advisor 2 /All Staff 1 /Ambassadors 1 /Annual Report 0 /Climate Finance 0 /Consultants 0 /Councillor 1 /Ending Violence Against Women and Girls 0 /Energy & just Development 0 /ESD 0 /Food Security 0 /Founders 1 /Future Finance 0 /Future Justice 0 /Future Policy Award 0 /Home Feature 0 /Honorary Councillor 0 /landscape 0 /Management Board 0 /Media & Communications 0 /Peace and Disarmament 0 /portrait 0 /Press Releases 0 /Regenerative Cities 0 /Rights of Children 0 /Rights of Persons with Disabilities 0 /Start Feature 0 /Supervisory Board 0 /Sustainable Ecosystems 0 /Team Ecosystems & Livelihoods 0 /Team Energy & Just Development 0 /Team Peace & Disarmament 0 /Team Rights of Children & Youth 0 /WFC 0 /YouthPresent 0

Elke Nelting

June 13, 2023/by Helena Bals

Manfred Nelting

June 12, 2023/by Helena Bals

Christina Schiebler

June 8, 2023/by Helena Bals

Farhad Vladi

June 2, 2023/by Helena Bals

Anda Filip

May 25, 2023/by Damian Cramer

Jakob von Uexkull

May 25, 2023/by Miriam Petersen
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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.

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PUBLICATIONS

All 6 /100RE 0 /Administration 1 /Advisor 2 /All Staff 1 /Ambassadors 1 /Annual Report 0 /Climate Finance 0 /Consultants 0 /Councillor 1 /Ending Violence Against Women and Girls 0 /Energy & just Development 0 /ESD 0 /Food Security 0 /Founders 1 /Future Finance 0 /Future Justice 0 /Future Policy Award 0 /Home Feature 0 /Honorary Councillor 0 /landscape 0 /Management Board 0 /Media & Communications 0 /Peace and Disarmament 0 /portrait 0 /Press Releases 0 /Regenerative Cities 0 /Rights of Children 0 /Rights of Persons with Disabilities 0 /Start Feature 0 /Supervisory Board 0 /Sustainable Ecosystems 0 /Team Ecosystems & Livelihoods 0 /Team Energy & Just Development 0 /Team Peace & Disarmament 0 /Team Rights of Children & Youth 0 /WFC 0 /YouthPresent 0

Elke Nelting

June 13, 2023/by Helena Bals

Manfred Nelting

June 12, 2023/by Helena Bals

Christina Schiebler

June 8, 2023/by Helena Bals

Farhad Vladi

June 2, 2023/by Helena Bals

Anda Filip

May 25, 2023/by Damian Cramer

Jakob von Uexkull

May 25, 2023/by Miriam Petersen
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Financial Regulation

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PUBLICATIONS

All 6 /100RE 0 /Administration 1 /Advisor 2 /All Staff 1 /Ambassadors 1 /Annual Report 0 /Climate Finance 0 /Consultants 0 /Councillor 1 /Ending Violence Against Women and Girls 0 /Energy & just Development 0 /ESD 0 /Food Security 0 /Founders 1 /Future Finance 0 /Future Justice 0 /Future Policy Award 0 /Home Feature 0 /Honorary Councillor 0 /landscape 0 /Management Board 0 /Media & Communications 0 /Peace and Disarmament 0 /portrait 0 /Press Releases 0 /Regenerative Cities 0 /Rights of Children 0 /Rights of Persons with Disabilities 0 /Start Feature 0 /Supervisory Board 0 /Sustainable Ecosystems 0 /Team Ecosystems & Livelihoods 0 /Team Energy & Just Development 0 /Team Peace & Disarmament 0 /Team Rights of Children & Youth 0 /WFC 0 /YouthPresent 0

Elke Nelting

June 13, 2023/by Helena Bals

Manfred Nelting

June 12, 2023/by Helena Bals

Christina Schiebler

June 8, 2023/by Helena Bals

Farhad Vladi

June 2, 2023/by Helena Bals

Anda Filip

May 25, 2023/by Damian Cramer

Jakob von Uexkull

May 25, 2023/by Miriam Petersen
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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.

latest

PUBLICATIONS

All 6 /100RE 0 /Administration 1 /Advisor 2 /All Staff 1 /Ambassadors 1 /Annual Report 0 /Climate Finance 0 /Consultants 0 /Councillor 1 /Ending Violence Against Women and Girls 0 /Energy & just Development 0 /ESD 0 /Food Security 0 /Founders 1 /Future Finance 0 /Future Justice 0 /Future Policy Award 0 /Home Feature 0 /Honorary Councillor 0 /landscape 0 /Management Board 0 /Media & Communications 0 /Peace and Disarmament 0 /portrait 0 /Press Releases 0 /Regenerative Cities 0 /Rights of Children 0 /Rights of Persons with Disabilities 0 /Start Feature 0 /Supervisory Board 0 /Sustainable Ecosystems 0 /Team Ecosystems & Livelihoods 0 /Team Energy & Just Development 0 /Team Peace & Disarmament 0 /Team Rights of Children & Youth 0 /WFC 0 /YouthPresent 0

Elke Nelting

June 13, 2023/by Helena Bals

Manfred Nelting

June 12, 2023/by Helena Bals

Christina Schiebler

June 8, 2023/by Helena Bals

Farhad Vladi

June 2, 2023/by Helena Bals

Anda Filip

May 25, 2023/by Damian Cramer

Jakob von Uexkull

May 25, 2023/by Miriam Petersen
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More Info

News & Articles

IMF takes up World Future Council suggestion

The IMF Managing Director, Dominique Strauss-Kahn, has taken up a suggestion by the World Future Council (WFC) on how to finance climate security and climate justice in developing countries. A new multi-billion dollar “Green Fund” that could provide up to $100 billion a year was suggested by Strauss-Kahn at the World Economic Forum in Davos. Part of this fund should be financed through the issuance of additional Special Drawing Rights (SDRs), a reserve asset created by the IMF. The World Future Council proposed funding the development of renewable energies through new, interest-free SDRs at the World Climate Summit in Copenhagen last December and discussed this proposal with the IMF.

OUR POLICY RECOMMENDATIONS CAN BE FOUND ON

Contact

Kroll_square

Matthias Kroll
Chief Economist
matthias.kroll@worldfuturecouncil.org

Future Finance Councillors