Towards a Regenerative Economy The Road Less Travelled: Pathways to Transformation DNV GL Roundtable, Oslo June 15-16, 2014
The true nature of the international (economic) system under which we were living was not realized until it failed. - Karl Polanyi, The Great Transformation, 1944
Failure of Financial Statesmanship Creates Distraction of Epic Proportions “You’re no Jack Morgan”
Corollary of Ecological Overshoot: Financial Overshoot Corollary of Ecological Overshoot: Financial Overshoot
“The Copernican revolution was not a revolution in the acquisition of new knowledge, but in view-point and perspective in respect of existing knowledge. The most far reaching revolutions in knowledge are often of this character.” – Jan Smuts, Holism and Evolution
Source: Bill Reed at Regenesis Group Beyond Sustainability: The road to a REGENERATIVE CAPITALISM
Regenerative Capitalism: Kinds of Capital Source: Ethan Roland & Gregory Landua, Regenerative Enterprise, Optimizing for Multi-Capital Abundance (2013)
The nature of living systems Derived from: Charles Krone, systems scientist David Bohm, theoretical physicist Potential What exists The Essence living systems: REGENERATIVE POTENTIAL!
Regeneration enables Development (Growth) through - enhanced complexity (living systems) - enhanced intricacy (energy networks) Regeneration enables Development (Growth) through - enhanced complexity (living systems) - enhanced intricacy (energy networks) “It’s not how big you grow, it’s how you grow big” - Dr. Sally Goerner, The New Science of Sustainability
8 Elements of Regenerative Economy Operates in Cooperative Relationship Nurtures Entrepreneurial Spirit Enables Empowered Participation Promotes Robust Circulatory Flow Seeks to be in Balance Creates conditions for “Edge Effect” Honors Place Views Wealth Holistically
Co System Health Sustainability Window of Vitality Greater Efficiency Stagnation Greater Resilience pSally Goerner, 2013 Healthy systems harmonize multiple variables rather than optimize single ones Collapse Efficient and Resilient Big and Little Flexibility and Constraint Diversity and Coherence Efficient and Resilient Big and Little Flexibility and Constraint Diversity and Coherence
Economic Efficiency Economy Finance What’s wrong with this picture? Desired Outcome Planet
We are called to be the architects of the future, not its victims. - Buckminster Fuller
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