The current #money system rows against our climate goals.
We're calling on the #ECB to act now to protect the interests of people and the planet over those of fossil fuels.
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Green investments take a hit with S&P Global Clean Energy Index down 20.2% 📉 in 2 months. In contrast, S&P 500 Energy Index, heavy on oil and gas, gains 6% 📈.
Interest rate hikes also impede new green projects, with offshore wind farms in UK and Belgium being affected. [2/4]
As the world heats up, global south countries will suffer most. Central banks and financial regulators will exacerbate this problem, unless they prioritise #ClimateJustice in their policies.
Read more about this key topic 👉 https://www.positivemoney.eu/2023/08/debt-crisis-looms-for-climate-vulnerable-countries/
A necessary reminder on the International Day for the Eradication of #Poverty 👇
The time has come for our economic system to start serving all people & communities.
Read this interesting interview with Nobel winner Angus Deaton: https://theguardian.com/inequality/2023/oct/07/angus-deaton-interview-book-economics-in-america
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Positive Money is a think tank and campaign organisation working to reimagine our money and banking system for the wellbeing of people, communities and the planet. We have offices in London, Brussels and the US, and are part of a growing movement for economic systems change. Our mission is to reform money and banking in […]