Debt and Asset: From a Macroeconomic Perspective

Abstract

The model of a thrifty housewife as the prototype of sustainable domestic bookkeeping is a familiar one. Indeed, the thrifty housewife does everything correctly when she takes care not to spend more than she earns, thus ensuring she does not live above her means. The situation, however, becomes more difficult when many households follow the same rule. In the national economy as a whole, the thrifty housewife can only succeed in her model of living if at least some other households spend more than they earn and become indebted, i.e. live above their means.

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.

Sixth Zero Project Conference will be held in Vienna

From 22-24th February 2017, together with the Essl Foundation and the European Foundation Centre, we convene the sixth Zero Project Conference at the United Nations Office in Vienna, Austria. The event is dedicated to celebrate and highlight 11 Innovative Policies and 56 Innovative Practices that have advanced disability-inclusive employment and vocational education and training from around the world. As in the past years, we expect more than 500 participants from more than 70 countries to join this international summit, which will consist of 35 events, workshops and panels, engaging close to 200 speakers. Read more

Alfonso García Robles signing the Treaty of Tlatelolco on behalf of Mexico 14 February 1967, Mexico City

As the Tlatelolco Treaty turns 50 it shows no signs of losing its relevance

This Valentine’s Day, instead of splurging on roses and chocolates, why not do something different and take a moment with that special someone to commemorate the 50th anniversary of one of the most important multilateral treaties, of which you have probably never heard: the Treaty of Tlatelolco. Read more

Financial Market Reform: Strengthening Public Interest

Abstract

Financial institutions and governments are keen to stress that regulation should not unnecessarily burden the financial sector. However, the key question must be: how can the public interest be effectively protected and strengthened? — This new WFC-brochure shows the urgent need for financial market reform to catch up and highlights new risks as well as methods and routes towards sustainable financial markets. It demonstrates how trade agreements such as CETA, TTIP and TiSA put enormous brakes on reform and contradict the UN Sustainable Development Goals.

UNCCD Monique Barbut and Alexandra Wandel FPA 17

Winter update from the WFC!

NEWSLETTER
JANUARY 2017
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We give a voice to future generations and stand up for their rights by providing policy tools to empower millions of people around the world. Become a supporter to make the world a more sustainable place.
MORE INFORMATION (https://www.worldfuturecouncil.org/supporter/)





10 years World Future Council
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Ten years ago, the Earth Charter (http://earthcharter.org/) stated:
“We stand at a critical moment in Earth's history, a time when humanity must choose its future. As the world becomes increasingly interdependent and fragile, the future at once holds great peril and great promise. To move forward (...) we must join together to bring forth a sustainable global society founded on respect for nature, universal human rights, economic justice, and a culture of peace."
For the past ten years, we have based our work on this premise. These days it couldn’t be more up to date. And we are committed to continuing our work in this spirit in 2017. Welcome to this year’s first newsletter edition - with a new and improved layout we look forward to updating you on our work towards a better future
Stefan Schurig, Alexandra Wandel & Jakob von Uexkull
The Management Board





FUTURE POLICY AWARD CELEBRATES WORLD'S MOST EFFECTIVE POLICIES TO COMBAT DESERTIFICATION
UN desertification chief Monique Barbut signs partnership agreement with the WFC

Above: WFC Director Alexandra Wandel (left) with Monique Barbut, Executive Secretary at UNCCD.
Every year, we honour the most visionary policies in a specific field with the Future Policy Award, the only award that celebrates polices rather than people. This year, together with the United Nations Convention on Combating Desertification (UNCCD), we will identify and award policies that effectively combat desertification and land degradation - a key element in achieving the Sustainable Development Goals.
READ MORE (https://www.worldfuturecouncil.org/un-desertification-chief-signs-partnership-agreement-world-future-council/)

TRUMP AND THE WIMPS
Our Founder Jakob von Uexkull weighs in on Trump presidency
http://www.huffingtonpost.com/jakob-von-uexkull/trump-and-the-wimps_b_13789510.html
Those who understand the threats we are facing now need to come together in a new coalition and be ready to fight as hard as our opponents, who are ready to sacrifice the earth to preserve their privileges. For the sake of our and our children’s future we now have to show Donald Trump and the world that we have the better story - and are not wimps.
READ MORE (http://www.huffingtonpost.com/jakob-von-uexkull/trump-and-the-wimps_b_13789510.html)

Education a key driver to deliver climate action
http://www.huffingtonpost.com/jakob-von-uexkull/education-a-key-driver-to_b_12953012.html
We are facing increasing climate and environmental changes. What steps can we take to deliver climate action? Education for sustainable development is central for reaching the goals set in the promises of Paris. Find out more about the benefits of environmental literacy in this Huffington Post article by WFC founder Jakob von Uexkull.
READ MORE (http://www.huffingtonpost.com/jakob-von-uexkull/education-a-key-driver-to_b_12953012.html)
100 % RE a must for limiting global warming

While national governments have committed to limiting global warming to 1.5 degrees by ratifying the Paris Agreement, 2016 was another hottest year on record. The climate is changing faster than at any point in human history and aggressive action to reduce greenhouse gas emissions is urgent. Read here, why 100% Renewable Energy is a must!
READ MORE (https://www.worldfuturecouncil.org/100-renewable-energy-must-limiting-global-warming-1-5-degrees/)

REMEMBERING OUR FOUNDING MEMBERS
We are mourning the passing of Honorary Councillors Judge Weeramantry and Sir James R. Mancham
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Above: Judge C.G. Weeramantry (left) and Sir James R. Mancham (right) will be greatly missed.
We are deeply saddened by the loss of two of our founding members and Honorary Councillors: Judge C.G. Weeramantry (https://www.worldfuturecouncil.org/world-future-council-mourns-death-founding-member-honorary-councillor-judge-weeramantry/) and Sir James R. Mancham (https://www.worldfuturecouncil.org/world-future-council-mourns-death-founding-member-honorary-councillor-sir-james-r-mancham/) . Our heartfelt condolences go out to their families. Judge C.G. Weeramantry and Sir James R. Mancham will be missed as friends and important counsel of the World Future Council.






BRAND NEW PUBLICATIONS

An increasing number of refugees worldwide are women and children. How can we better protect these women and girls from violence? This report highlights some exemplary practices and initiatives.
READ MORE (https://www.worldfuturecouncil.org/protecting-refugee-women-and-girls-from-violence/)

By electrifying the cooking sector with renewable sources in rural areas in Africa, Asia, and South America, millions of people’s lives could be saved while helping to limit global warming to 1.5C.
READ MORE (https://www.worldfuturecouncil.org/beyond-fire-achieve-sustainable-cooking/)

The international community agreed to cut greenhouse gas emissions to a level that will limit the rise in average global temperatures to 1.5°C. How are we going to finance such a fundamental transformation?
READ MORE (https://www.worldfuturecouncil.org/financing-1-5c-limit/)

Contact us
World Future Council
Lilienstraße 5-9 Hamburg
20095 Germany
info@worldfuturecouncil.org
HBS Report Study Cover

Enhancing Regional Renewables Cooperation in the EU

HBS Report Study Cover

Abstract

In five days in September 2016, 13 policy-makers and -shapers from 8 countries travelled 1,500 kilometres from Denmark via Germany and the Netherlands to Belgium.

Their mission? Exploring what regional cooperation means in practice and
how it can boost renewable energy in Europe.

This report presents their key insights, presents the learnings from the visited projects and summarises the main policy recommendations for decisionmakers on local, national and European level.

Policy Recommendations for European policy makers:

World Future Council mourns death of founding member and Honorary Councillor Sir James R. Mancham

The World Future Council is deeply saddened by the loss of founding member and Honorary Councillor, Sir James R. Mancham, who passed away on January 8, 2017, aged 77. Read more

Debt and Asset: From a Macroeconomic Perspective

Abstract

Financial institutions and governments are keen to stress that regulation should not unnecessarily burden the financial sector. However, the key question must be: how can the public interest be effectively protected and strengthened? — This new WFC-brochure shows the urgent need for financial market reform to catch up and highlights new risks as well as methods and routes towards sustainable financial markets. It demonstrates how trade agreements such as CETA, TTIP and TiSA put enormous brakes on reform and contradict the UN Sustainable Development Goals.

Zanzibar's Children's Act

WFC’s Rights of Children team explores Zanzibar’s Children’s Act

The World Future Council’s Rights of Children team will be in Zanzibar next week to explore the islands’ comprehensive child rights approach which has led to a marked change in attitude towards children. Zanzibar’s Children’s Act was the gold award winner of the WFC’s 2015 Future Policy Award and used a pioneering community-level child participation process to find out what Zanzibari children wanted to see in the Act. We’ll be working to help other countries follow Zanzibar’s lead in the coming months.
Read more

UNCCD Monique Barbut and Alexandra Wandel FPA 17

UN desertification chief signs partnership agreement with World Future Council

2017 Future Policy Award celebrates world’s most effective policies to combat desertification

Hamburg/Bonn, 12 January 2017 – Monique Barbut, Executive Secretary of the United Nations Convention on Combating Desertification (UNCCD) has signed a Memorandum of Understanding with the World Future Council in Hamburg, Germany, to establish a framework of cooperation in the fight against desertification and land degradation. This is a key element in achieving the Sustainable Development Goals. Read more