Francisco: The legacy of his education on economics and the environment

Vatican News

The entire planet and its leaders revive today, Pope Francis, who preached and summoned, to the point of consuming all its energies and looking at history from the last and neglected side, that “this economy” can be killed and that the market is not enough.

It is clarified that the economy that kills risk ending the destruction of itself in a cycle of financial, social and climatic emergency crisis. Therefore, we must pay close attention to their ideas and warnings specifically for ethical and moral reasons, that is, human/humanly humanitarian, to follow the public good and define mutual benefits paths that avoid the succession of dramatic events and to ensure instead the survival of the planet and the organized pledge.

Environmental debt

If those who remember him today with emotion want to truly honor their memory and make part of their spiritual will, they can start doing this to take advantage of the jubilee’s opportunity to perform one of their great desires. He took advantage of this moment to find the mechanisms of compensation between the “environmental” debts of the rich countries and the external debt of the poor countries, which is an increasingly sustainable load and exacerbation due to the global status of the total economy of high interest rates and the unfair treatment of financial debtors. It is the fact that debt service in many poor or emerging countries consumes more resources than investing in health and education, which condemns poverty for a basic part of new generations.

The concept of environmental debts embodied by Pope Francis in Laudato if he looks at the fact that the historically rich countries have used a larger part that is not proportional than “pollution rights” without compensating poor countries that pollute much less, and therefore, bearing responsibility for them.

Transferring investment debts

After the Francisco line, we want to suggest combining the ideal perspective with the feasibility by enhancing the initiatives to convert investment debt to environmental transition. These are some partial initiatives that have the ability to reduce debt debt burden, and at the same time, creditors use themselves for at least four reasons.

First, global warming by mitigating emissions is a global general benefit in which everyone, including the efforts of low and medium income countries. Second, investments in adaptation to global warming in debtor countries, which are often found in areas most affected by climate emergencies, are necessary to reduce the same risk of debtors ’sheet.

Third, the state of climate emergency between resources and population in many of these countries cannot continue, as climatic migrations that are exposed to the risk of creating greater and more difficult flows to manage them in the future in the doors of high -income countries, as well as between poor or emerging countries themselves. Fourth, debt crises always declare political instability not only at the national level but also around the world.

Transfer part of the debt and interest payments to an investment guarantee fund in mitigation and adaptation projects capable of combating energy poverty in local communities, which enhances the establishment of production factories from renewable sources with popular participation, which can contribute to the double goal of accelerating the path to the fighting cases in environmental transition in debt countries.

The emergence of governments

Without engaging in technical details about the various methods of implementation, the initiative, which will be implemented with the emergence of governments, local civil society and societies, will also be general for countries most vulnerable to weakness that cannot lie, and attract additional resources for regional development banks and benefit from the transfer of special rights allocated to creditors, and part of the provider to promote global promotion of global burden.

The guardianship of the dignity of everyone

Francisco’s spiritual legacy begins with a theological, pastoral and anthropological reflection to protect the dignity of everyone and his emerging in his last stage with Fatelli Totti on the subject of the lost brotherhood, which is the real missing link that makes freedom ineffective and unlikely and searching for equality. Conflicts between regions and countries, economic competitions and research to be able to generate the crisis and produce violence, which also collects human relations. We must respond to this nutrition our planet with the relationship of human intelligence, with human relations, between people and institutions.

We used to take a step forward inspired by the spiritual legacy of Pope Francis and started a road in this direction.

Helen Alford, President of the Pap for Social Sciences Academy
Alfonso Appiella, Chief Global Campaign Officer for Cartaco Campaign Campaign
Leonardo Bishiti, Tor Fergata University, Director of the National Festival for Civil Economy
Lugeno Brunei, University of Luma, Founder of Economy Francesco
IFTEKAR Hassan, University
Vippe Condori, Athens University, President From the Council of Economists and Global Resources
Julio Ghawrani, De Tusnsia University
Ricardo Moro,
Gianni Vagi. Pavia University
Stefano Zamani, former head of the Pap for Social Sciences