To address climate change, Dame Ellen MacArthur told the COP26 audience that the economy needs to serve society and nature. Countries & companies pledged trillions of dollars to pivot to net zero. We need new metrics and new thinking to do so — especially from women. Here's why.
. It’s “a global coalition of leading financial institutions committed to accelerating the decarbonization of the economy.” GFANZ announced at COP26 that “over $130 trillion of private capital is committed to transforming the economy for net zero…Its co-chairs are UN Special Envoy for Climate Action and Finance, and former head of the Bank of England, Mark Carney, and Bloomberg Founder/CEO Mike Bloomberg.
This means transitioning every industry, from food to fashion to infrastructure, each of which needs to be measured differently. Reinventing farming or manufacturing to reduce waste, energy and water use while producing more, for example, is different from reinventing the energy system to fuel the economy on clean, renewable and reliable power.
“The new economic thought leaders are very much women. And some of these exciting women are inventing new models, such as doughnut economics, which are very much like the wellbeing indicators,” Sandrine Dixson, Co-President of the prestigious Club of Rome saidWomen focus on the well-being economy : Dixson cited Scotland’s “Prime Minister Sturgeon, who clearly has put in place not only clear objectives with regard to climate change, but also…is working on systems change across the economy. She's one of the first that adopted the well-being economy…. looking at indicators in a very different way. We don't want to just have GDP growth. We want to bring in social economic and environmental indicators.
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