{"id":1210,"date":"2012-06-02T13:27:58","date_gmt":"2012-06-02T13:27:58","guid":{"rendered":"https:\/\/earthsummit2012.stakeholderforum.org\/2012\/06\/02\/verhagensdg2012\/"},"modified":"2012-06-02T13:27:58","modified_gmt":"2012-06-02T13:27:58","slug":"verhagensdg2012","status":"publish","type":"post","link":"https:\/\/earthsummit2012.stakeholderforum.org\/index.php\/verhagensdg2012\/","title":{"rendered":"Transforming the International Monetary System: A crucial &#8220;new and emerging challenge&#8221; for the Rio 2012 Earth Summit"},"content":{"rendered":"<p><a target=\"_blank\" href=\"http:\/\/www.stakeholderforum.org\/fileadmin\/files\/fransverhagenfinal.pdf\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" style=\"margin: 10px; border: 1px dotted #ffc994; float: left;\" alt=\"fransverhagenfinal-1\" src=\"http:\/\/www.stakeholderforum.org\/sf\/images\/stories\/fransverhagenfinal-1.jpg\" height=\"187\" width=\"126\" \/><\/a><\/p>\n<p><strong>By Frans Verhagen<\/strong><\/p>\n<p>This  think-piece proposes that the present unjust, unsustainable, and,  therefore, unstable international monetary system, which presently  functions without a standard, be transformed into one that has  carbon-based standard. Such a carbon-based monetary system, the most  important pillar of the Tierra Fee &amp; Dividend  (TFD) global governance system, put forward in this proposal, would  replace the present one, characterized by financial imbalances, volatile  exchange rates, currency disputes, currency manipulation and  speculation and, last but not least, a global reserve system that costs  non-hard currency nations billions of dollars annually. Additionally,  such a transformation would contribute to solving the challenges posed  by the climate crisis, sustainable development and a dysfunctional  monetary system simultaneously in that it would also provide the basis  for an integrated global governance system. Thus the TFD addresses  itself to the two main objectives of the Rio 2012 Earth Summit process,  i.e. promotion of a green economy as part of sustainable development and  the establishment of a global governance system. Moreover, as noted  above, it also addresses the climate crisis, an area of concern that is  not included in the present planning process though it is widely  acknowledged to heavily impact economies\u2014green or otherwise\u2014and all  programs of sustainable development.<\/p>\n<p>\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"<p>By Frans Verhagen This think-piece proposes that the present unjust, unsustainable, and, therefore, unstable international monetary system, which presently functions without a standard, be transformed into one that has carbon-based standard. Such a carbon-based&#46;&#46;&#46;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[135],"tags":[],"class_list":["post-1210","post","type-post","status-publish","format-standard","hentry","category-sdgthinkpieces"],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/earthsummit2012.stakeholderforum.org\/index.php\/wp-json\/wp\/v2\/posts\/1210","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/earthsummit2012.stakeholderforum.org\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/earthsummit2012.stakeholderforum.org\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/earthsummit2012.stakeholderforum.org\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/earthsummit2012.stakeholderforum.org\/index.php\/wp-json\/wp\/v2\/comments?post=1210"}],"version-history":[{"count":0,"href":"https:\/\/earthsummit2012.stakeholderforum.org\/index.php\/wp-json\/wp\/v2\/posts\/1210\/revisions"}],"wp:attachment":[{"href":"https:\/\/earthsummit2012.stakeholderforum.org\/index.php\/wp-json\/wp\/v2\/media?parent=1210"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/earthsummit2012.stakeholderforum.org\/index.php\/wp-json\/wp\/v2\/categories?post=1210"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/earthsummit2012.stakeholderforum.org\/index.php\/wp-json\/wp\/v2\/tags?post=1210"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}