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As climate change continues to threaten the earth and as the global financial crisis lingers, governments and communities need to take charge of their own and global monetary systems. Sustainability sociologist Frans Verhagen proposes a solutionthe Tierra Solutionto repair the present global monetary, financial, and economic systems that enrich the few, impoverish the many, and imperil the planet.
Verhagen calls for transformational changes in order to advance climate-resilient economic development. The Tierra Solution proposes: A credit-based financial system governed by a Global Central Bank; A banking system without the privilege of money creation, and most importantly; A carbon standard for the international monetary system with the Tierra as the unit of account.
The Tierra Solution is an in-depth and thought-provoking read that shows an innovative path for global citizens who want to combat climate change, the economic crisis and poverty, and for public officials, economists, international development experts, and climate scientists who want to be part of an integrated solution to the dual challenges of climate change and financial crises.
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