The Future Wealth of Nations

The text explains the missing gap in the entire sustainability debate, the monetary and financial system, and outlines a new set of financial engineering to fund, hedge and manage our common future. A modified monetary mandate for central banks (top-down) enabling a friendly co-existence of a parallel green central bank digital currency (CBDC), a private community currency system or a private corporate initiative (cryptocurrencies, earmarking, digital or blockchain-driven solutions, different channels) (bottom-up) would stabilise international financial markets, strengthen monetary regulatory efforts, reduce negative externalities, increase social Pareto optimality and stabilise democracy. This is the indispensable missing link, as crowding in private sector financing, conventional public sector funding (taxes and fees) and philanthropy are not enough in terms of scale and speed to finance our future.