The Global Transition 2012 is an international network of organisations and leading thinkers striving for “an alternative global green economy that maximises well-being, operates within environmental limits and is capable of coping and adapting to global environmental change.” The initiative has been introduced and supported by the Stakeholder Forum for a Sustainable Future, the new economics foundation (nef) and the New Economics Institute, with partnership with other organisations such as the Green Economy Coalition and BioRegional. The current focus of the initiative is to “grow the network of organisations from now, in the lead up to Rio+20 [United Nations Conference on Sustainable Development, 2012] and beyond.”
On their website, The Global Transition 2012 initiative publishes short blog articles from leading thinkers, information on events related to the Rio+20 conference, as well as series of ‘Challenge Papers’ on key topic areas covering: The Green Economy, Beyond GDP, Global Inequality, One Planet Living, The Blue Economy, Energy Resources and Services, Food Security, Managing Natural Capital, Global Finance and Banking, Green Jobs and Skills, and Trade.
‘The Gren Economy’ paper by nef urges that “we must devise and manage a rapid economic transition.” The authors propose that new economic models maximising human well-being, but at the same time working within the Earth’s environmental boundaries, need to be implemented. The paper “puts forward 6 challenges to lay the foundations for [the needed] systemic change: 1. Develop a national transition plan that puts countries on paths to operate within planetary boundaries, and on timescales sufficiently quick to preserve key, ecological life support functions; 2. Don’t start from a growth perspective; 3. Agree to develop and implement new measures of economic success; 4. Commit to reduce income and wealth inequalities between and within nations; 5. Put fiscal policy and public expenditure centre stage in managing economic transition; and 6. Recapture the financial sector for the public good.”
‘The Beyond GDP: Measuring Our Progress’ paper co-authored by nef, Global Footprint Network and National Secretary for Planning and Development, Ecuador, then focusses on ways of measuring environmental sustainability and well-being. The authors “call for governments around the world to: 1. Amend their national accounting systems to align what they measure with what really matters; and 2. Use those measures as a guide for policy and political action.”
In connection with the Global Transition 2012, the initiative has also developed ‘The Global Transition to a New Economy’ project. The key of this project is an interactive map of already existing projects and initiatives that can be put under the umbrella of ‘New Economy’.