INEQUALITY FINANCIAL WORLD

Greening
prosperity

GREENING
PROSPERITY

During the high point of market orthodoxy, economists argued that the most 'efficient' way to combat climate change was to simply let markets determine the price of carbon emissions. Today, there is a growing consensus that prices need to be regulated and that a carbon price on its own might not be enough.

LATEST NEWS

CLIMATE 3 MAY 2022

Climate Policy from a Keynesian Point of View

A new paper by J. W. Mason (City University of New York) emphasises the need for investment-centred instead of price-centred climate policy.

CLIMATE 26 NOVEMBER 2021

Coalition agreement 2021-2025: Additional financial leeway for future investments?

The coalition agreement is here. Do the targeted fiscal policy instruments allow sufficient leeway for the necessary climate and other investments in the future? Tom Krebs and Janek Steitz with an assessment.

CLIMATE 9 NOVEMBER 2021

Climate investment: How to finance the 2030 targets

An analysis by Agora Energiewende and Forum New Economy shows: Making use of smart fiscal policy, the new German government can finance the necessary climate protection measures despite a return to the debt brake.

CLIMATE 8 SEPTEMBER 2021

2030 targets require tripling of climate protection investments

A study commissioned by Agora Energiewende and Forum New Economy shows that achieving a 65 percent reduction in greenhouse gas emissions by 2030 compared to 1990 would require climate protection investments to be up to three times higher than currently estimated.

CLIMATE 3 MAY 2022

Climate Policy from a Keynesian Point of View

A new paper by J. W. Mason (City University of New York) emphasises the need for investment-centred instead of price-centred climate policy.

CLIMATE 26 NOVEMBER 2021

Coalition agreement 2021-2025: Additional financial leeway for future investments?

The coalition agreement is here. Do the targeted fiscal policy instruments allow sufficient leeway for the necessary climate and other investments in the future? Tom Krebs and Janek Steitz with an assessment.

CLIMATE 9 NOVEMBER 2021

Climate investment: How to finance the 2030 targets

An analysis by Agora Energiewende and Forum New Economy shows: Making use of smart fiscal policy, the new German government can finance the necessary climate protection measures despite a return to the debt brake.

CLIMATE 8 SEPTEMBER 2021

2030 targets require tripling of climate protection investments

A study commissioned by Agora Energiewende and Forum New Economy shows that achieving a 65 percent reduction in greenhouse gas emissions by 2030 compared to 1990 would require climate protection investments to be up to three times higher than currently estimated.

KNOWLEDGE BASE
GREENING
PROSPERITY

The Challenge

Global emissions of greenhouse gases are still rising rapidly and the window of opportunity to limit the increase in average global temperatures to less than 2 degrees is vanishingly small.

What Went Wrong

EU carbon prices have been far too low to stimulate investment in low carbon technologies and efforts to establish a global carbon market have largely failed.

New Economy in Progress

Putting a price on carbon will not in itself lead to a zero-carbon economy: it will require large-scale public action and investment to create the necessary markets and infrastructure.

5 WAYS THAT ARE DISCUSSED TO GREEN PROSPERITY

1

Setting a minimum price on carbon emissions within the EU’s trading scheme.

2

Replacing emissions trading with a carbon tax, increased steadily over time.

3

Large-scale public investment in the necessary infrastructure; carbon-pricing alone will not suffice.

4

Designing climate policies that also reduce the gap between the rich and the poor.

5

A broader policy approach that integrates the risks of species extinction, air pollution and other environmental dangers.

AVERAGE WARMING (°C) PROJECTED BY 2100

CLIMATE 3 MAY 2022

Climate Policy from a Keynesian Point of View

A new paper by J. W. Mason (City University of New York) emphasises the need for investment-centred instead of price-centred climate policy.

CLIMATE 26 NOVEMBER 2021

Coalition agreement 2021-2025: Additional financial leeway for future investments?

The coalition agreement is here. Do the targeted fiscal policy instruments allow sufficient leeway for the necessary climate and other investments in the future? Tom Krebs and Janek Steitz with an assessment.

CLIMATE 9 NOVEMBER 2021

Climate investment: How to finance the 2030 targets

An analysis by Agora Energiewende and Forum New Economy shows: Making use of smart fiscal policy, the new German government can finance the necessary climate protection measures despite a return to the debt brake.

CLIMATE 8 SEPTEMBER 2021

2030 targets require tripling of climate protection investments

A study commissioned by Agora Energiewende and Forum New Economy shows that achieving a 65 percent reduction in greenhouse gas emissions by 2030 compared to 1990 would require climate protection investments to be up to three times higher than currently estimated.

CLIMATE 14 JUNE 2021

Climate policy and the modern state: A hydrogen package for Germany

Green hydrogen is considered an essential component for the climate transition. A new study by Tom Krebs develops a modern hydrogen strategy for Germany.

CLIMATE 27 MAY 2021

Climate Challenge: Will Germany manage the transition?

The main question of the climate session on the VIII. New Paradigm Workshop was, how Germany can manage the transition to climate-neutrality by 2050 - or 2045.

CLIMATE 15 JANUARY 2021

Expert-Seminar - The transformation of the automobile industry in Germany

On 24 February, Forum New Economy organised an online expert seminar on the transformation of the automobile industry where the impact of the transport turnaround on car regions and employment was discussed.

CLIMATE 1 NOVEMBER 2019

Getting Real About A European Green Deal

By Carlo Jaeger and Sarah Wolf, Global Climate Forum, Potsdam University, presented at the Paris New Paradigm Initiative Workshop.

CLIMATE 1 NOVEMBER 2019

Shifting Paradigms in Carbon Pricing

By Ottmar Edenhofer, Brigitte Knopf et al., Mercator Research Institute for Climate Change

OTHER MAIN TOPICS

New Paradigm

NEW PARADIGM

After decades of overly naive market belief, we urgently need new answers to the great challenges of our time. More so, we need a whole new paradigm to guide us. We collect everything about the people and the community who are dealing with the question of a new paradigm and who analyze the historical and present impact of paradigms and narratives – whether in new contributions, performances, books and events.

Redefining
the role of
the state

REDEFINING
THE ROLE OF
THE STATE

For decades, there was a consensus that reducing the role of the state and cutting public debt would generate wealth. This contributed to a chronic underinvestment in education and public infrastructure. New research focuses on establishing when and how governments need to intervene to better contribute to long-term prosperity and to stabilize rather than aggravate economic fluctuations.

Remaking
finance

REMAKING
FINANCE

More than a decade after the financial crisis there still seems to be something seriously wrong with the financial system. Financial markets still tend to periodically misprice risk and contribute to boom and bust cycles. A better financial system needs to discourage short-termism and speculative activity, curtail systemic risk and distribute wealth more broadly.

Reducing
inequality

REDUCING
INEQUALITY

The rising gap between rich and poor has become a threat to social cohesion in most rich countries. To reverse this trend it will be crucial to better understand the importance of different drivers of income and wealth inequality.

Innovation Lab

INNOVATION LAB

Do we need a whole new understanding of economic growth? What would be a real alternative? How viable are alternatives to GDP when it comes to measuring prosperity? These and other more fundamental challenges are what this section is about.

Globalization
for all

GLOBALIZATION
FOR ALL

After three decades of poorly managed integration, globalization is threatened by social discontent and the rise of populist forces. A new paradigm will need better ways not only to compensate the groups that have lost, but to distribute the gains more broadly from the start.

Europe
beyond markets

EUROPE
BEYOND MARKETS

The euro was planned during a period in which economic policy making was driven by a deep belief in market liberalism and the near impossibility of systemic financial crises. This belief has been brought into question since the euro crisis, which showed that panics do happen. New thinking needs to focus on developing mechanisms to protect eurozone countries from such panics and to foster economic convergence between members.

Corona Crisis

CORONA CRISIS

The current Corona crisis is probably the worst economic crisis of the post-World War 2 era. Economists are working hard on mitigating the economic effects caused by COVID-19 to prevent a second Great Depression, the break-up of the Eurozone and the end of globalisation. We collect the most important contributions.