Appeal for a sustainable transition
The world is out of order. We are experiencing not one but a series of interconnected crises that obstruct each other’s solutions. This situation is new: simultaneously the economy is troubled, the climate is threatened, nature and resources are under pressure, unemployment is rising, social stability is in danger and inequality is growing in many countries.
We are 50 young people of the generation, which is to carry on the society of today and ensure a promising future for our own children. We are full of enterprise and ready to take responsibility. But we are also deeply concerned about the lack of recognition, amongst political decision makers, of the interconnected crises. They are trying to solve the problems of the present with the answers of the past.
With different backgrounds, a large variety of skills and strong commitment we gathered on the 23rd of February to put into words our anxiety and our generation’s vision of sustainable development.
We face historic challenges that require a historic transition. With this call,we appeal to the European Commission and to the members of the EuropeanParliament to look up, recognize the need for fundamental changes and join us pave the way for a sustainable future. The world is out of order – lets help each other fix it.
More than 700 people have signed the petition. Have you?
The global economic system is falling apart. A growing world population and the growth of material wealth has brought us to a place where the global economy exceeds the planetary boundaries. Rather than living off what nature supplies every year, we are eating of its stocks – as eating the seed when the granary is empty.
This has undermined the possibilities for perpetual growth, which has been a prerequisite for wealth for the last two hundred years. Instead, we are now experiencing economic stagnation, unemployment, inequality and political instability in our part of the world. It is as if the endeavours to create economic progress by traditional means are obstructing that same progress. We are caught in a vicious circle.
This is especially evident in the way we treat resources and the eco-systems. The never ending hunt for more oil, gas and coal leads to the depletion of the reserves and increasing prices, but also to increasing environmental costs and disastrous climate strain. The hunt for short-term profits undermines the possibility for sustainability in the long run. The fact that we do not pay the right price for fossil fuels and other resources means that future generations will pay an unbearable price.
Today environmental irresponsibility is profitable. Polluters do not pay enough.
For a long period of continued growth, the global economy has not succeeded in reducing inequality between people, and following the recession, inequality has increased. Together with growing unemployment, this erodes social cohesion and weakens the trust in the political system and decision makers. This distrust becomes a barrier for innovation and visionary reforms that can bring us on a path to sustainability.
Instead, we act on a short-term basis. Exemplified by firms producing goods with low durability or planned obsolescence, by politicians avoiding necessary environmental regulation in order to insure their own position, by the encouragement of consumers to increase consumption, well knowing that growing consumption undermines our livelihood in the long run. Frightened by crisis, under pressure from competition, threatened by unemployment and rankled by inequality we are forced to act against our deeper convictions.
It is as if we cannot see what is good for us. We use an abstract measure and convince ourselves that it tells us all about thriving and wellbeing. To measure wealth in GDP is equivalent to measuring the flow of water in a river – but the amount of gallons, passing by, tell us nothing about whether the water is clean or poisoned or whether it contains fish or pollution.
To bring environmental sustainability, real wellbeing and human happiness back in the centre of politics and development requires rethinking of the measure for progress, a reform of the GDP-measure.
But it is not all that can be measured, sense of community and social cohesion for example.
The modern human being is often dissociated from nature and under the illusion of independence from it. ’The scarce goods of nature can be substituted, and technology can secure the continued value adding’, sounds the comforting rationale of economists. Moreover, since what we do to the environment does not imply immediate consequences for us – as when CO2-emissions in Europe result in drought in Africa with a ten-year delay – it is tempting to tell ourselves that it has nothing to do with us. What we do and what we know deep down is not coherent.
This also counts for the relationship between people. In a society permeated by competition and under the pressure from crisis individual progress and material status are central criteria for success. Individuals, sections of populations and countries fight against each other for opportunities, jobs, resources and the remaining space. Social cohesion and sense of community disintegrate.
If we are to overcome the system crisis, we must all be part of the transition. The challenge must be articulated in all its complexity – not as single isolated problems. Politicians must find courage to express visions and show leadership – not be chased around the ring by short-term agendas, changing polls and scandalizing media. Firms must commit to societal responsibility and make good examples – not protect status quo and narrow vested interest. The people must be involved as active and responsible citizens – not just addressed from above as consumers, wage earners or recipients of public benefit.
The transition begins in our minds.
And our hearts.
The challenges are many and profound. We are far from knowing all the answers. But we have the will and the power to become part of the transition. We are confident that a sustainable course is possible. We even have the impression that it will be reviving, exciting and fun.
We believe in EU as a frontrunner – a laboratory where we inspire each other.
Here are some of our suggestions for solutions and new initiatives:
- Lower the discount rate for sustainable transition projects: Such projects are often fundamentally different from conventional construction projects, because of higher investment costs, lower operation costs, avoided environmental costs and long lasting benefits. A significantly lower discount rate for such projects will make many more of these cost-effective.
- Create incentives for the pensions funds to make sustainable investments: Pension funds possess huge assets, which should be invested in long-term projects within sustainable energy, collective transportation and sustainable construction. By changing the focus from short-term profits to long-term investments, the pension assets can be invested in sustainable projects.
- Establish a society bank: The society bank is a public investment bank with the goal of allocating funds for sustainable investments leading to permanent jobs. Here private actors can place their savings at state guaranteed competitive interest rates. Furthermore the pension funds are obliged to place a certain percentage of their assets in the bank.
- Experiments with work sharing: By shortening the workweek new jobs can be created on the basis of existing production. Work sharing has been criticized for weakening competitiveness. We suggest experiments with work sharing in businesses not in competition overseas. A shorter workweek can increase quality of life for the individual, the family and local communities by allowing further engagement in leisure and community activities.
- A sustainable youth fund: This fund has the objective of creating job opportunities by financing sustainable projects launched by young people. The fund is targeted at newly qualified, unemployed and untrained under the age of 35. Thus it is to contribute to a culture of flourishing and sustainable entrepreneurship.