Economics, Finance, Governance, and Ethics for the Anthropocene, a working paper of the Capital Institute-housed Third Millennium Economy project, was released last Thursday for public review in advance of the Rio+20 UN Conference on Sustainable Development. As the civil society groups and grassroots activists meet now and world leaders arrive later this week, the paper is a flag in the ground that offers a new vision for addressing our global ecological crisis. Our report, written with a team of leading scholars, lays out many of the challenges posed by the unjust economics that have lead us into ecological overshoot and delineates a number of leverage points for change.
Dr. Mathis Wackernagel and Dr. William Rees, co-creators of the Ecological Footprint, have been named the winners of the 2012 Kenneth E. Boulding Award, the world’s top honor in the field of ecological economics. The biennial award is given to “outstanding individuals who have contributed original and seminal approaches that have furthered our understanding of the interfaces between the social, ecological, ethical, economic and political dimensions of our world,” said The International Society for Ecological Economics in announcing the award.
I spoke last Thursday at the Congressional Progressive Caucus Policy Summit in Baltimore on how our work at Capital Institute might have relevance to the 2012 Congress’s financial reform agenda. These are the hopes I shared for how policy could shape the Future of Finance:
John Fullerton recently spoke with filmmaker Katie Teague, creator of the soon-to-be-released documentary “Money & Life,” about the enormity of the challenges we face–climate change, environmental degradation, unsustainable wealth inequity–and the foundational shifts in our economics, politics, and even ethics that we must make in order to weather the coming storm.
Peter Victor–eminent ecological economist, winner of the Canadian Council for the Arts' prestigious Molson Award, and author of Managing Without Growth–challenges us to reframe our economic discussions to focus on managing material and energy flows rather than GDP growth.