1.

Record Nr.

UNINA9910644258003321

Autore

Brunnhuber Stefan

Titolo

Financing our Anthropocene : How Wall Street, Main Street and Central Banks Can Manage, Fund and Hedge Our Global Commons / / by Stefan Brunnhuber

Pubbl/distr/stampa

Cham : , : Springer International Publishing : , : Imprint : Springer, , 2023

ISBN

9783031232855

9783031232848

Edizione

[1st ed. 2023.]

Descrizione fisica

1 online resource (125 pages) : illustrations

Collana

Sustainable Finance, , 2522-8293

Disciplina

658.15

332

Soggetti

Financial engineering

Business ethics

Macroeconomics

Finance

Financial Technology and Innovation

Business Ethics

Macroeconomics and Monetary Economics

Financial Economics

Lingua di pubblicazione

Inglese

Formato

Materiale a stampa

Livello bibliografico

Monografia

Nota di bibliografia

Includes bibliographical references.

Nota di contenuto

Chapter 1. Introduction -- Chapter 2. Two forms of the unknown -- Chapter 3. The economics of external shocks -- Chapter 4. The traditional way to do it -- Chapter 5. The real tragedy of the commons -- Chapter 6. Upgrading the system -- Chapter 7. The great leverage -- Chapter 8. Three overarching topics -- Chapter 9. Best practices and case studies -- Chapter 10. Conclusion.

Sommario/riassunto

Development needs to meet the UN SDG have primarily been financed through private sector financing, conventional public sector funding and philanthropic commitment. These sources are not sufficient in scale and speed to meet the pressing finance needs. The world community is too busy repairing, stabilizing, and refunding the system to maintain the stability of the existing system. The introduction of a



parallel electronic currency specifically designed to finance global commons, and a human-centred economy would provide the necessary resources to achieve the UN SDGs while stabilizing the existing monetary system. This book analyses how the development of cryptocurrencies based on blockchain distributed ledger technologies has prompted leading central banks around the world to study the potential application of this approach to directly inject purchasing power without dependence on the banking system. Furthermore, the book illustrates how this approach can be utilized to finance the huge multi-trillion dollar annual investment requirements for achieving the Sustainable Development Goals (SDG). With a Foreword from the President of the Club of Rome. “This book is where fiction turns into fact.” - World Bestselling Author of ‚The Minister of the Future‘ Stan Robinson “…challenging, innovative and interdisciplinary… to address the world’s problems.” - Founder and Father of the Quantitative Easing (QE), Prof. Dr. Richard Werner, Oxford University, GB “The real tragedy of the commons, as this book shows, is that we have allowed the most valuable social resources, our money and legal systems, to be employed for private gain instead of mobilizing them for social goals, not the least to ensure the survival of the human species on this planet.” - Best-selling author of ‚The code of capital’ Katharina Pistor, Edwin B. Parker Professor of Comparative Law and Director, Center on Global Legal Transformation Columbia Law School, USA.