Identifying, assessing, protecting, developing and creating Social Capital

On July 9th 2019 three scientists focussed on the SDGs process, Wolfgang Obenland from the Global Policy Forum, Stefan Brunnhuber from the Initiative Finance for Future and Alexander Dill, expert delivering to the UN Inter Agency Taskforce on Financing for Development (UN IATF on FfD) published their suggestions on how to finance the 17 UN Goals.

The presentation (German) has been broadcasted by the German Television Phoenix including the discussion with the Press. (50 minutes in total)

Let’s try a summary: Wolfgang Obenland („Highjacking the SDGs“), made his focus on lowering the transaction costs – the damage – created e.g. by subsidies for carbon production and non-sustainable agriculture, military and unhealthy behavior. He gave the example that protecting agricultural soils today will be much more economical than recovering them in the future.

Stefan Brunnhuber (‚A mechanism that can change the World, TEDx TALK‘) reclaimed collective repression among decision-makers in the SDGs process, that they feel to being a too-big-challenge. His idea is that the Central Banks may provide the funding of an estimated two to six trillion per year in the remaining time before Climate Change terminates the perspectives to do any better.

Alexander Dill (‚The SDGs are Public Goods‘) addressed the World’s biggest IGO, the European Union and demanded to invest another € 320 bn per year in addition to the current EU budget of € 160 bn annual. To fundraise this enormous amount Dill suggested to dramatically lower the current spendings of € 320 bn on military in the EU and to release a SDG bond through the European Investment Bank EIB. This ‚biggest investment in Europe’s history‘ (Dill) should include as well the neighborhood countries of the EU such as Egypt, Ukraine, Turkey and Iran.