Safe Operating Space
Footprints and Foreclosure
The global economy now uses 1.5 times the earth’s capacity to regenerate the natural capital we use every year, up from the 1.4 times of the prior year, according to a report of the well-respected Global Footprint Network. In their Living Planet Report 2010, released this week but based on 2007 data, the most recent available, WWF together with the Global Footprint Network and the Zoological Society of London record the most significant milestone since we crossed parity (an ecological footprint of one) back in 1975. This is not good news.
Footprints and Foreclosure
Submitted by John Fullerton on Sun, 10/17/2010 - 7:37pmThe global economy now uses 1.5 times the earth’s capacity to regenerate the natural capital we use every year, up from the 1.4 times of the prior year, according to a report of the well-respected Global Footprint Network. In their Living Planet Report 2010, released this week but based on 2007 data, the most recent available, WWF together with the Global Footprint Network and the Zoological Society of London record the most significant milestone since we crossed parity (an ecological footprint of one) back in 1975. This is not good news.
Financial System as a Global Commons
Submitted by John Fullerton on Sun, 09/19/2010 - 10:24pmLast week, Capital Institute co-convened with futurist Hazel Henderson at Ethical Markets Media (USA and Brazil), her company's facility in Florida, the new Committee on Transforming Finance (CTF). The CTF is a group of seasoned capital markets practitioners, scholars, and financial writers who share a belief that the policy responses to the financial crisis were more tinkering than transformative, our objective was to construct a statement on the need to transform the financial system to one that serves the economy rather than acts as its master, and to one that serves an economy that is just, and respects the imperative of ecological function.
The statement calls for finance to be recognized as a global commons.
