As part of our initiative Banking - as if the future matters we are interviewing leading figures across finance, business and civil society to find out their five top suggestions for reforming the finance sector.
With 29 years of experience in the investement world, Mark Fulton, Managing Director: Global Head of Climate Change Investment Research at Deutsche Bank, gives us his take on the drivers of financial short-termism and the practical solutions it would take to change behaviour.
According to a UNEP poll published this year, the biggest barrier to businesses becoming more sustainable is 'financial short-termism'. Our financial system, now characterised by brief reporting cycles, real-time trading prices and limited systemic risk assessment, is not geared towards the long-term needs of people and the planet.
But how can we tackle financial short-termism? What are the practical measures that would encourage behavioural change on the scale that is required? What are the specific policies and actions for ensuring long-term values?
Want to find out more about what civil society organisations are doing around a green economy? Curious to see what activities and research are already underway? Wondering what messages will be carried to Rio from organisations North and South?
Come and join a live webinar, hosted by UNEP, to find out who is doing what on the green economy.
What does a green economy look like? Can a green economy be the path to universal human well-being? How can we ensure that it does not privatise and commoditise the natural world?
To tackle some of these big questions Oliver Greenfield, Convenor of the Green Economy Coalition, led a global webinar with youth delegates from around the world hosted by the World Federation of United Nations Associations (WFUNA) on 3rd April 2011 as part of their series on sustainable development.
While political momentum on a green economy is now gathering pace there are still some important concerns regarding the meaning and consequences of a transition, particularly for the world's poorest. As governments begin to identify opportunities and policy frameworks at the national level it is critical that their decision-making processes are guided by a common set of goals, an agreed set of principles, for what a green economy must uphold.
Next week thousands of scientists, development practitioners, business leaders, policy-makers and media will meet for the Planet Under Pressure conference in London. This week-long meeting will provide a comprehensive update of the pressure that the planet is currently under and discuss the solutions to move societies towards a sustainable pathway.
GEC founding member, IIED, will be hosting a major international event in Rio over the weekend immediately before Rio+20, and would like to talk to organisations interested in being involved. It will take place 16 - 17 June, Pontifícia Universidade Católica (PUC), Rio de Janeiro.