The Global Transition 2012 papers were borne out of a collaborative initiative between two UK‐based organisations, Stakeholder Forum and nef (new economics foundation), and aim to help catalyse a ‘Global Transition’ to an economy that maximises well‐being, operates within environmental limits and is capable of coping and adapting to global environmental change.
This particular paper focuses on the ‘Green Economy’ and puts forward 6 challenges that would form the basis for systemic change. These are:
- Develop a national transition plan that puts countries on paths to operate within planetary boundaries, and on timescales sufficiently quick to preserve key, ecological life support functions;
- Don’t start from a growth perspective;
- Agree to develop and implement new measures of economic success;
- Commit to reduce income and wealth inequalities between and within nations;
- Put fiscal policy and public expenditure centre stage in managing economic transition; and
- Recapture the financial sector for the public good.
The paper recognises the systemic problems facing the world and proposes that they can only be rectified with the above systemic changes.