To align European and North American bank lending with the global goal of keeping the planet below a 2° Celsius temperature rise by 2025. This action-focused network of representatives from across the banking sector, facilitated by The Democracy Collaborative, will use their expertise and influence to redirect credit towards climate-safe projects in the real economy on a massive scale. Network initiatives include an accelerator to boost credit for municipalities and regions engaged in transitioning to climate-safe economies, and establishing a global charter by which large banks would commit to 20% year-on-year emissions reductions across new and existing lending while ramping up loans to climate-positive activity.
USD 364,636 over one year.
As part of its mission to ensure that economics better serves humanity, INET Oxford is building a new generation of climate and energy policy models. INET’s new open-source modelling platform will help re-frame the climate debate away from one of near-term costs vs. long-term benefits, towards a narrative of transformation to a new sustainable model of economic growth. Specifically, P4NE’s seed grant supports INET’s effort to more realistically model and forecast declines in prices and improvements in performance of clean energy technologies, a critical element of this broad modeling program. INET’s work will help drive the world to a tipping point for widespread clean energy adoption by promoting policies that rapidly accelerate clean energy innovation and progress. GBP 495,000 over three years.
GBP 495,000 over three years.
To create an alternative and complementary monetary system to British sterling that significantly enhances environmental and economic sustainability and human wellbeing in the Bristol, UK region. P4NE funding will allow Bristol Pound to scale the operational and growing currency with a no-interest loan program, and to support the creation of an emerging platform that will allow it to join with complementary financial systems in other regions.
GBP 561,868 over two years.
The 50/50 Climate Project seeks to engage and mobilize many of the world’s largest institutional investors (pension funds, sovereign wealth funds, investment management firms, foundations and endowments), to support and exercise “proxy access” at large utilities and fossil fuel companies in order to encourage climate-competent boards of directors, enhance long-term environmental and financial sustainability, increase board diversity, and link CEO pay to long-term and sustainable metrics.
USD 600,000 over two years.
This joint project will allow NEF, CEP and UCL to promote a shift in monetary policy to align the monetary and credit systems with ecological and social sustainability. CEP, NEF and UCL will focus on building an international community of experts from central banks and other institutions on the topic, expanding the relevant knowledge base, and promoting recommendations for monetary policy change.
CHF 500,000 over two years.
To research the intersection between environmental sustainability and the employee-owned, mission-led company, as key to understanding enterprise design for the 21st century and beyond. This project of The Democracy Collaborative is part of a larger initiative, Fifty by Fifty, which has a goal of bringing employee ownership to scale in the US by catalyzing its growth to 50 million employee owners by 2050.
USD 200,100 over two years
To redirect the money created by Quantitative Easing away from financial markets and into green infrastructure and other forms of sustainable development. Positive Money will engage and activate a network of economists, campaign for monetary financing in the Eurozone and internationally, and encourage the Bank of England to make Green Quantitative Easing the leading monetary financing proposal.
GBP 360,100 over two years.
To co-create an interactive multimedia platform that connects HuffPost’s global audience with key aspects of the new economy movement and raises awareness about the changing nature of capitalism. The collaboration between HuffPost and the Presencing Institute is designed to showcase under-reported stories and inspire action. It will shine the spotlight on the environmental, social, and economic costs of capitalism’s current course, unpack the principles and practices that make change happen and bring new economy themes from the margins into the mainstream.
USD 1,338,000 over two years
To create and promote an alternative ownership structure for enterprise that shifts our current economic paradigm away from its primary focus on profit maximization and towards a new paradigm that prioritizes company stewardship and mission. Purpose will work with mission-driven companies to implement steward-ownership, and will create a powerful, collaborative community of steward-owned companies in which voting rights are held by the people who work for the company, and in which profits are reinvested to further the purpose of the company. These principles will allow companies to remain independent and mission driven, and over time will help create an economy in service to the wellbeing of people, society and planet.
EUR 200,001 over two years
To create the conditions necessary for the development of ethical banking in Latin America. Sistema B will conduct a regional feasibility study of the market potential and economic promise of new ethical banks in Latin America, develop a network of influential people to strengthen the ethical banking movement, and work closely with the leadership of two or more banks to transition them into ethical banks.
USD 396,000 over two years
To shift economics education away from its primarily neoclassical orientation towards a diversity of perspectives, theories, methods and topics. Exploring Economics will use its free, open-access digital learning platform to: a) promote under-represented economic concepts, theories, and topics; b) enhance the dialogue between orthodox and heterodox approaches; c) expand interaction among users; d) promote pluralist economic teaching in universities; and e) create greater diversity in the project team while integrating perspectives from the Global South and non-European countries.
EUR 354,905 over three years.
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Partners for a New Economy
is sheltered by the Swiss Philanthropy Foundation.