Stefan Brunnhuber, MD PHD Prof.
Senator at the European Academy of Science and Arts
Trustee at the World Academy of Science and Arts
Member Club of Rome (Austrian Chapter)
Leading international experts in new financial engineering instruments and sustainability.
Thema des Vortrages:
THE TAO OF FINANCE- How we really finance our common future.
The indispensable missing link in the debate on sustainability is the monetary system. To date, the Sustainability Development Goals (SDG) have primarily been financed through private sector financing, conventional public sector funding (taxes and fees) and philanthropic commitment. However, these are not enough in scale and speed to finance our future. The introduction of a parallel electronic currency specifically designed to finance global commons goods would provide the necessary resources to achieve the SDGs while stabilizing the existing monetary system. This could be achieved by giving Central Banks a modified monetary mandate to inject new liquidity into the system (top down), or through corporate initiatives (bottom up). By issuing a block chain enabled parallel electronic currency earmarked for SDG-related projects and using channels for monetary flow other than the conventional system, our future could be financed in a different manner. Letting go of our current monetary monoculture would in the long run stabilize international financial markets, increase monetaryregulatory efforts, reduce negative externalities, increase social pareto-optimum and stabilize democracies.