There is enough money in the world both to stop climate breakdown and meet all human needs. But it tends to be in the wrong hands, or is spent on the wrong things.
In recent years, however, it’s been shown that huge sums of money can be found by governments overnight, or created, when they think something is important enough. Once hard-set policies can change just as quickly. Both happened after the banking crisis of 2007-2008, with trillions, globally, used to stimulate economies and save the financial system.
Innovative ways are emerging everywhere to fund fair and rapid low-carbon transition. From bond issues for community-based, small- and medium-scale renewable energy projects, to new financial institutions to support new large-scale, low-carbon infrastructure, people are finding the money to make rapid transition possible. More and faster is needed, and how it should be directed is a crucial question for all, but momentum is growing.
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Story of change
Banking for good: trust, transition and the return of public banksEcological and economic crises are calling private banks into question, and proving a catalyst to a new wave of public banks. Plans to make rapid transition...
Resource
Book: The Politics of Green TransformationsBook published in 2015 that explores how 'top-down' and 'bottom-up' green transformations work, and the roles played by different kinds of alliances among...
Report
Climate & Rapid Behaviour Change. What do we know so far?“We’ve shown in the past that surprising changes are possible in how people behave, in smoking, driving, antibiotics, and sexual health. We now know...
Story of change
Converting industry – how rapid transition happens in crises and upheavalsA brewer of ‘craft’ beer starts making sanitising hand gel and a car manufacturer converts one of its factories so it can make medical face masks. Just...
Briefing
Crisis conversations – Reset #4: time, work and sharing economic benefitsA decade of economic hardship seemed to have transformed for increasingly urban workforces the promise of shorter working weeks and better work – life...
Story of change
Dethroning king coal – how a once dominant fuel source is falling rapidly from favourElectricity fuelled by coal is experiencing a record decline. 2019 is expected to show the biggest fall yet, after decades of increases. An accelerated move...
Commentary
Economic prospects for 2021: the FT surveyEach year the Financial Times newspaper investigates the UK’s upcoming economic prospects with a survey of economic analysts. Andrew Simms from Rapid...
Story of change
From financial exclusion to financial revolution: the story of mobile moneyUpdate Since publishing this story of change, we have seen an interesting critique of the original paper that underpins much of the narrative, ‘The...
Story of change
From passive consumers to active producers – how crisis restrictions open opportunities for creative culture shiftsAs the global pandemic continues to reshape whole economies and the lives of populations, normal consumer behaviour has been suddenly altered. The focus has...
