The Great Transition
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The Great Transition
Policy news & blueprints for the transition to a new Sustainable and Social Economy
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Ignoring natural capital could see countries' credit ratings downgraded

"A report by the UN Environment Programme's Finance Initiative (UNEP FI) says loss of soils, forests, and fisheries, as well as rising resource costs, are likely to become increasingly important to a nation's economic health – and may therefore affect its ability to repay or refinance sovereign debt."

 

This excellent report makes the link between the world's financial debt crisis and the global ecological debt crisis. The debate on austerity gets a completely different dimension if you look at this double challenge.

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A Blueprint for "INCRA" - An International Non-Profit Credit Rating Agency

"In light of the intense criticism leveled against credit rating agencies for their perceived failure to analyze adequately sovereign creditworthiness, the Bertelsmann Foundation has developed a blueprint for an international non-profit credit rating agency (INCRA), whose rating criteria are designed to increase credibility and international acceptance."

 

Great initiative by the Bertelsman Foundation to create an alternative to the casino-capitalist rating agencies and integrate sustainability criteria into  sovereign risk assessments.

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How Wall Street Killed Financial Reform

How Wall Street Killed Financial Reform | The Great Transition | Scoop.it
It's bad enough that the banks strangled the Dodd-Frank law. Even worse is the way they did it - with a big assist from Congress and the White House.

 

Brilliant article in Rolling Stone on the financial terrorism of Big Business. Compared to these fundamentalists, Bin Laden was peanuts.

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