Föhrenbergkreis Finanzwirtschaft

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Posts Tagged ‘Sustainability’

Striking the Right Balance Between Sustainable Development and Sustainable Debt

Posted by hkarner - 20. Dezember 2019

By Kristalina Georgieva

Over the past two decades, sub-Saharan Africa has made considerable economic progress: extreme poverty levels have declined by one third; life expectancy has increased by a fifth; and real per capita income has grown by about 50 percent on average. Yet, sub-Saharan Africa is still only half-way to meeting the Sustainable Development Goals.

To achieve these goals, sub-Saharan Africa will need financing. One of the ways to access financing is through borrowing. It makes sense for governments to incur debt if done wisely. If debt is used to finance projects that boost productivity and living standards, such as investing in roads, schools, and hospitals—and if governments can recoup enough of the benefits of these investments to repay the incurred debt—then borrowing is worthwhile.

But room for borrowing has become more limited in this region as public debt levels increased rapidly between 2011 and 2016—they have since stabilized at around 55 percent of GDP on average. Countries in the region have also relied more heavily on commercial borrowing on domestic and international financial markets—such borrowing accounted for more than 70 percent of the increase in debt stock this decade. This shift to non-concessional financing means more spending on debt service, and less on social and infrastructure investment. Den Rest des Beitrags lesen »

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Is Tech a New Frontier for Sustainability?

Posted by hkarner - 14. Dezember 2019

DaDate: 12 12 2019
Source: Project Syndicate by BERTRAND BADRÉ , PHILIPPE HEIM

Bertrand Badré, a former Managing Director of the World Bank, is CEO of Blue like an Orange Sustainable Capital and the author of Can Finance Save the World?

Philippe Heim is Deputy CEO of Société Générale.

Financial institutions must address the issue of technological sustainability, especially with regard to data, robotics, and artificial intelligence. Although these new technologies have vast potential, businesses also need to understand their risks, social impact, and ethical implications.

PARIS – Discussions about “sustainability” usually center on a company’s environmental and social commitments, and for understandable reasons. But the financial sector in particular should consider two other, less obvious, dimensions of sustainability. Regulatory sustainability is essential for addressing the systemic risk that the financial sector poses to our societies. In addition, the emerging new frontier of technological sustainability is having an increasing impact on business models and strategies. Den Rest des Beitrags lesen »

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Eine Scorecard zur Beendigung des kurzfristigen Denkens

Posted by hkarner - 20. Oktober 2019

Klaus Schwab

Klaus Schwab is Founder and Executive Chairman of the World Economic Forum.

GENF – Die Angst vor einer weltweiten Rezession, der Handelskrieg zwischen den USA und China, die Auswirkungen des Brexit und ein gefährlicher Schuldenüberhang sorgen für eine der stressreichsten Phasen seit einem Jahrzehnt. Gleichzeitig stehen langfristige Ziele, wie die Umsetzung der Nachhaltigkeitszielen bis 2020, die Umsetzung des Pariser Klimaabkommens bis 2050 und der Umbau des Wirtschaftssystems für die nächsten 50 Jahre, an. 

Um ein langristiges Denken anzuregen, braucht es eine Neuorientierung. Dazu drei Vorschläge:Zunächst müssen wir den wirtschaftlichen Bezugsrahmen ändern. 75 Jahre lang stand das Bruttoinlandsprodukts (BIP) im Zentrum und die Volkswirtschaften dienten als Werkzeug zur Mobilisierung der Produktion für den Krieg. Gegenwärtig aber ist die Maximierung von nachhatligem Wohlstand das Ziel und es braucht alternative Messgrössen.Eine Gruppe von Ökonomen aus der Privatwirtschaft, Hochschulen und internationalen Einrichtungen, (u.a. Diane Coyle und Mariana Mazzucato) haben das „Wealth Project“ (Wohlstandsprojekt), aufbauend auf Weltbank-Ansätzen, entwickelt. Den Rest des Beitrags lesen »

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How to Live Better and Stop Destroying the Planet

Posted by hkarner - 26. Mai 2019

Date: 25-05-2019
Source: by Ana Paula Aguiar, Pernilla Malmer and Odirilwe Selomane

Ana Paula Aguiar is a research fellow at the Stockholm Resilience Centre and a senior researcher at the Brazilian Institute for Space Research (INPE).

Pernilla Malmer is Senior Adviser at SwedBio at the Stockholm Resilience Centre.

Odirilwe Selomane is a postdoctoral researcher at the Stockholm Resilience Centre and a fellow of the IPBES global assessment.

A recent United Nations-backed report highlighted the scale of destruction humans are inflicting on the natural world. To reverse these trends, humanity must transform its economic models and food system, treat the world’s oceans far better, and think carefully about the best ways to tackle climate change.

STOCKHOLM – Earlier this month, a bleak global assessment of the shocking state of life on Earth made headlines worldwide. According to the report by the Intergovernmental Science-Policy Platform on Biodiversity and Ecosystem Services (IPBES), about 12% of all known animal and plant species are now threatened with extinction. Worse still, humanity is destroying entire habitats, and with them the web of life that supports societies and economies. Unsurprisingly, the findings were greeted with despair. Den Rest des Beitrags lesen »

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Es ist Zeit für einen grünen EU-Deal

Posted by hkarner - 19. April 2019

Michel Barnier

Michel Barnier is a former vice president of the European Commission and French Minister of Foreign Affairs. He is currently EU chief negotiator for Brexit.

BRÜSSEL – In vielen Hauptstädten der Welt ist ein „Green New Deal” zum Thema geworden. Die Idee, die kürzlich in den Vereinigten Staaten entstanden ist, ist angelehnt an das visionäre Programm zur wirtschaftlichen Erholung, das Präsident Franklin D. Roosevelt 1933 ins Leben rief. Aber Europa kann – und muss – es auch leisten.

Europa engagiert sich seit langem für die Umwelt und hat bereits 1972 sein erstes gemeinsames Programm eingeführt. Im Jahr 2005 hat die Europäische Union das erste Emissionshandelssystem eingeführt, das nach wie vor der größte Kohlenstoffmarkt der Welt ist. Und im Jahr 2015 übernahm die EU bei den Verhandlungen über das Pariser Klimaabkommen die Führung und verpflichtete sich, ihre eigenen Treibhausgasemissionen gegenüber 1990 um 40 Prozent zu senken. Den Rest des Beitrags lesen »

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Financing for Sustainable Development: Tackling Big Challenges

Posted by hkarner - 19. April 2019

By Chris Lane

Without adequate financing, the best intentions of the global community expressed in the Sustainable Development Goals (SDGs) will remain beyond reach.

Recent setbacks in financing for development should therefore focus policymakers’ attention on the need for decisive national strategies so these best intentions might be realized. Harnessing the necessary resources could be achieved through a combination of revenue mobilization, attracting private finance, and supporting financial sector development. Policy makers will need to engage in collective action and practice a new multilateralism in support of global goals.

A new UN study, prepared with significant contributions by the IMF, the World Bank Group, the World Trade Organization, the United Nations Development Program and other UN agencies, takes a deep dive into how countries and the international community are faring in mobilizing the needed financing. Den Rest des Beitrags lesen »

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Our Zero-Emission Future

Posted by hkarner - 15. April 2019

Jeffrey D. Sachs, Professor of Sustainable Development and Professor of Health Policy and Management at Columbia University, is Director of Columbia’s Center for Sustainable Development and of the UN Sustainable Development Solutions Network. His books include The End of Poverty, Common Wealth, The Age of Sustainable Development, Building the New American Economy, and most recently, A New Foreign Policy: Beyond American Exceptionalism.

A low-cost shift to clean energy is now feasible for every region of the world, owing to the plummeting costs of solar and wind power, and breakthroughs in energy storage. The total system costs of renewable energy, including transmission and storage, are now roughly on par with fossil fuels.

NEW YORK – The solution to human-induced climate change is finally in clear view. Thanks to rapid advances in zero-carbon energy technologies, and in sustainable food systems, the world can realistically end greenhouse-gas emissions by mid-century at little or no incremental cost, and with decisive benefits for safety and health. The main obstacle is inertia: politicians continue to favor the fossil-fuel industry and traditional agriculture mainly because they don’t know better or are on the take.

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Transformations to Achieve the Sustainable Development Goals. Report prepared by The World in 2050 initiative

Posted by hkarner - 1. August 2018

TWI2050 – The World in 2050 (2018). Transformations to Achieve the Sustainable Development Goals. Report prepared by The World in 2050 initiative. IIASA Report. International Institute for Applied Systems Analysis (IIASA). Laxenburg, Austria

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Abstract

The World in 2050 (TWI2050) initiative endeavors to demonstrate how the objectives of sustainable development within planetary boundaries can be met, ensuring prosperity, social inclusion, and good governance for all. TWI2050 is a global research initiative launched by the International Institute for Applied Systems Analysis (IIASA), the Sustainable Development Solutions Network (SDSN), and the Stockholm Resilience Centre (SRC).
The initiative brings together a network of more than 150 participants that includes leading policymakers, analysts, modelling and analytical teams from 60 organizations from around the world to collaborate in developing pathways toward sustainable futures and the policy frameworks needed for implementing the SDGs, and more importantly, for achieving the needed transformational change.

This report of the international TWI2050 scientific initiative was prepared by more than 60 authors and 20 organization and was launched at UN High-level Political Forum, 9-18 July 2018. It comprises key messages, synthesis and four chapters. Den Rest des Beitrags lesen »

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Mounting Debt Threatens Sustainable Development Goals

Posted by hkarner - 28. April 2018

By Chris Lane and Elliott Harris, IMF Blog

April 27, 2018

Some developing countries are falling behind when it comes to incomes .

In 2015, 193 countries adopted the 17 Sustainable Development Goals (SDGs) as an overarching policy roadmap through 2030. These goals are predicated on the idea that for a sustainable future, economic growth must go hand-in-hand with social inclusion and protection of the environment.

Our respective institutions, the United Nations Department of Economic and Social Affairs (UNDESA) and the International Monetary Fund (IMF), fully support these goals. From the UN perspective, they represent a down payment on a more peaceful, prosperous, and cooperative world, especially in increasingly perilous times. For the IMF, they help underpin economic stability and sustainable and inclusive economic growth.

In 2017, most types of development financing flows increased, helped by an upturn in the world economy, increased investment, and supportive financial market conditions. Yet less than three years after adoption, the implementation of the SDGs is running into a major hurdle—rising public debt in some developing countries. This is the sobering message of a new report on financing for development issued by the UN, in collaboration with the IMF and almost 60 other agencies. Den Rest des Beitrags lesen »

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Millennials are coming into money and want to invest it responsibly

Posted by hkarner - 24. November 2017

Date: 24-11-2017
Source: The Economist
Subject: Generation SRI: Sustainable investment joins the mainstream

IN 2008, when she was in her mid-20s and sitting on a $500m inheritance, Liesel Pritzker Simmons asked her bankers about “impact investing”. They fobbed her off. “They didn’t understand what I meant and offered to screen out tobacco,” recalls the Hyatt Hotels descendant, philanthropist and former child film star. So she fired her bankers and advisers and set up her own family office, Blue Haven Initiative. It seeks investments that both offer market-rate returns and have a positive impact on society and the environment. “Financially it’s sensible risk mitigation,” she says. “Our philanthropy becomes far more efficient if we don’t need to undo damage done in our investment management.”

Such ideas are gaining ground, particularly among the young. Fans of “socially responsible investment” (SRI) hope that millennials, the generation born in the 1980s and 1990s, will drag these concepts into the investment mainstream. SRI is a broad-brush term, that can be used to cover everything from divestment from companies seen as doing harm, to limiting investment to companies that do measurable good (impact investing). The US Forum for Sustainable and Responsible Investment, a lobby group, estimates that more than a fifth ($8.7trn) of the funds under professional management in America is screened on SRI criteria, broadly defined, up from a ninth in 2012 (see chart). Den Rest des Beitrags lesen »

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