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  • 标题:Innovative Financial Engineering to Fund the SDGs A WAAS Initiative
  • 本地全文:下载
  • 作者:Stefan Brunnhuber ; Garry Jacobs
  • 期刊名称:Cadmus
  • 印刷版ISSN:2038-5242
  • 电子版ISSN:2038-5250
  • 出版年度:2020
  • 卷号:4
  • 期号:2
  • 页码:141-148
  • 语种:English
  • 出版社:Risk Institute, Trieste- Geneva
  • 摘要:Development needs have primarily been financed through private sector financing, conventional public sector funding and philanthropic commitment. These traditional sources are not sufficient in scale and speed to meet the pressing finance needs. The world community is too busy repairing, stabilizing and refunding the given to maintain the stability of the existing system, relying on a mechanical model. Out-of-the-box approaches which blend in with the given tools, providing new financial engineering are required. The introduction of a parallel electronic currency specifically designed to finance global commons and the human-centered economy would provide a systemic non-linear and complex approach to create the necessary resources to achieve the UN SDGs and addressing asymmetric shocks (COVID-19, among others), while stabilizing the existing monetary system. The development of cryptocurrencies based on blockchain distributed ledger technologies has prompted leading central banks and other agencies around the world to study the potential application of this approach to directly inject purchasing power without dependence on the banking system. Proposals are now being studied by an international expert group on how this approach can be utilized to finance the huge multi-trillion-dollar annual investment requirements for achieving the Sustainable Development Goals, with special emphasis on investments in human resources and environmental protection. A first outline is given in this preview. A full report (The Tao of Finance) of the expert group will be published in late 2020.
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