Divestment from fossil fuel assets is like “earnest money “ — a good faith (“money where your mouth is”) demonstration of commitment to build the new economy we urgently need. It is a declarative statement that fossil fuels must be extinguished rapidly and are an investment which endangers the planet. Divestment is the precondition for credible advocacy on behalf of beneficiaries and constituents.
A CHANGE OF MINDSETS
What is now needed is a change of orientations — a guided evolution of investments away from traditional static models which are based on assumptions of continuous growth, to a goal-driven approach: towards creating a sustainable economy abundant in public goods which can use our limited resources with high efficiency. These include housing, healthcare, education, electric power and transportation. These are the bases for a secure and comfortable standard of living that we can afford and that we have a right to expect, but which is becoming a receding and unattainable dream for more and more of us.
As we approach global population stability, we can and must imagine achieving a good material life for ourselves in equilibrium with the natural world in which all life thrives.
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DIVESTMENT THE FIRST STEP TO RENEWAL
Divestment from fossil fuel assets is like “earnest money “ — a good faith (“money where your mouth is”) demonstration of commitment to build the new economy we urgently need. It is a declarative statement that fossil fuels must be extinguished rapidly and are an investment which endangers the planet. Divestment is the precondition for credible advocacy on behalf of beneficiaries and constituents.
A CHANGE OF MINDSETS
What is now needed is a change of orientations — a guided evolution of investments away from traditional static models which are based on assumptions of continuous growth, to a goal-driven approach: towards creating a sustainable economy abundant in public goods which can use our limited resources with high efficiency. These include housing, healthcare, education, electric power and transportation. These are the bases for a secure and comfortable standard of living that we can afford and that we have a right to expect, but which is becoming a receding and unattainable dream for more and more of us.
As we approach global population stability, we can and must imagine achieving a good material life for ourselves in equilibrium with the natural world in which all life thrives.