Economic activity should be governed within the earth’s biophysical limits, and markets should no longer treat the use of ecological capacity as if it were unlimited and free. Replacement of “externalities” by “Planetary Boundaries” From a microeconomic perspective, I do not think the two concepts are substitutes. They address different…
the new healthy global economy
We want to develop the concept for a new healthy and thus sustainable (global) economy including globally working and binding markets for “common goods” based on the “planetary boundaries” concept and with the help of the “science based targets” approach. Core of our research are the necessary preconditions, “key indicators”, democratic processes.
the new healthy global economy
From “externalities” to global binding markets for “Planetary Boundary” resources
Overture Within economics you can find the concept of an “externality“. “In economics, an externality is a cost or benefit to an uninvolved third party that arises as an effect of another party’s (or parties’) activity. Many externalities can be considered as unpriced components that are involved in either consumer or producer consumption.”…
the new healthy global economy
Why the post-fossil era requires global democracy and a global GHG market?
The transition away from fossil fuels is increasingly constrained not by technological scarcity, but by a governance mismatch. Climate externalities are global, yet political legitimacy, regulatory authority, and implementation capacity remain fragmented across nation-states. The world has already accumulated scientific evidence, technological alternatives, and growing financial commitments for decarbonisation. What…
the new healthy global economy
From Geopolitical Fragmentation to a Healthy Global Economy: A Call for Systemic Renewal
The global order is not merely under pressure; it is undergoing structural transformation. The most recent edition of the “Munich Security Conference” (MSC) once again demonstrated a profound reality: the world’s security challenges are no longer limited to military alliances or territorial disputes. They are deeply economic, ecological, and institutional….