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
Table of Content
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.
About the author
Stefan Brunnhuber is medical director, chief medical officer in Saxonia and professor for sustainability and finance at the University of Applied Sciences Mittweida (Germany). He is a member of the European Academy of Science and Arts (EASA), the Board of Trustees at the World Academy of Arts and Science (WAAS) and Full member of the Club of Rome. He was scientific advisor to the EU-Commission (2009), founding member of the Alma Mater Europeae (2011) and Senator (elected 2015-2020) of the European Academy of Science and Arts (EASA). He currently serves as member of the German federal board of ’Sustainable Finance’ to the German government (2022-)
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