Monetary justice: guiding principle of integrated global governance?

Frans C. Verhagen, M.Div., M.I.A., Ph.D., sustainability sociologist

Frans Verhagen is the author of “The Tierra Solution: Resolving the Climate Crisis through Monetary Transformation.”  Frans spoke about his new book on September 26, 2012 as part of the National Peace Academy’s Peacebuilder Teleconference Dialogue Series.  Click here to listen to a recording of his talk/dialogue.  He will also be teaching the upcoming National Certificate Program online workshop “Monetary Justice” from October 11 to November 9, 2012 (registration is still open!)

Almost everyone  in the international development field, particularly in preparation of the Rio 2012 Earth Summit, has pointed to the need for integrating the social, economic and environmental dimension of sustainable development. Not that many observers have pointed to the need of including the changed climate dimension into an integrated approach to development of sustainable communities in the global North and South.

It was in the fall of 2008 at the height of the financial crisis that I asked the question how development, climate and the financial crisis can be integrated conceptually, institutionally and strategically. The outcome of this important query after 4 years of research and reflection is presented in the 2012 book The Tierra Solution: Resolving the Climate Crisis through Monetary Transformation. It argues for the transformation of the international monetary system by basing it on a carbon standard of a specific tonnage CO2e per person, so that the climate crisis is also being fought on a global systemic level while at the same time low carbon and climate-resilient development can be pursued in nations of the global North and South.  It goes without saying that such global transformation is an enormous social, economic, ecological and spiritual challenge for humankind. The more the climate crisis worsens and the global economic prospects dim, concerned citizens may become ready to discuss a transformational proposal such as the Tierra Solution.

It is this background that underlies the upcoming online workshop Monetary Justice, the third online course collaboration between the National Peace Academy and Earth and Peace Education International.  Previous courses in early 2012 examined climate change and sustainable communities. This five session course will start on October 11 and end on November 8. The course description as published on the NPA website reads:

Questions being explored in this course are the following. What does monetary justice mean on the national, regional and global levels? Is it different from economic and financial justice? What are the monetary injustices, particularly on the global level? What can be done not only in reforming,  but especially in transforming the international monetary system to achieve social and ecological justice leading to social and ecological peace? Could basing the international monetary system on a carbon standard to combat the climate crisis and advance low carbon and climate-resilient development be a realistic means to achieve the purpose of monetary justice and peace? Can  monetary justice be the guiding principle of integrated global governance?

The answer to that last question is fully discussed in chapter 6 of the earlier mentioned Tierra Solution book, a book talk taking place September 26, 2012 as part of the NPA “Peacebuilder Teleconference Dialogue Series.”