Can Next-Gen Philanthropists Finance The Transition To A Sustainable Post-Covid Economy?

Can Next-Gen Philanthropists Finance The Transition To A Sustainable Post-Covid Economy?

Who will finance the transition to a more sustainable post-Covid economy?





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Pre-coronavirus pandemic, fissures had appeared in our economies, social cohesion and across global governance institutions. Whether addressing the Climate Crisis, impending biodiversity collapse, building more sustainable food systems, racial justice, gender equality, our health and education systems, trustworthy news, geopolitical tensions, immigration reform, or the social safety net, tensions were simmering just below the surface.



Covid-19 has blown many of these challenges wide open.



These issues have been exacerbated by diverging value systems, by wealth, age, race, gender, political party allegiance, sexual orientation, nationality, religion. In the popular discourse, there appears to be more forces highlighting humanity's differences rather than what unites us.



Several Governments have signaled that they wish to build back better, notably the EU, UK, Canada. However, many of the decision-making processes remain subject to bureaucratic red tape or entrenched vested interests. Although initially hopeful, many of the recovery programs seen around the world are now likely to create 'The Great Rebound' rather than a 'Great Reset,' as economic stimulus programs move to restoring systems to pre-crises trajectories rather than radically restructuring what may be possible. These policies are also likely to saddle a younger generation