GLF Climate: Frontiers of Change
Hosted on the sidelines of COP27 in Sharm El Sheikh, Egypt, and online, GLF Climate 2022: Frontiers of Change united 7,000 participants from 164 countries and rallied over 27 million people on social media around what humanity can still do to avoid the worsening impacts of the climate crisis.
Featuring 228 leading scientists, activists, Indigenous leaders, financiers, youth and government leaders, and 96 incredible partner organizations, the second edition of GLF Climate called for a just transition to a stewardship economy that puts people and nature first.
The potential of stewardship economies
Almost 25 years ago, Amartya Sen was awarded the Nobel Prize for Economics for recognizing freedom of choice as both the main goal and the principal means of development. However, the COVID-19 pandemic has made it clear that only a minority of humanity has the freedom to choose a healthy, prosperous, and safe life. It’s time for a paradigm change to place the well-being, livelihoods, and equity of stewards of land and nature at the heart of development.
This session explores the potential of stewardship economies, which ensure that land users receive fair compensation for their investments in environmental services while meeting consumer expectations that the commodities they purchase have been sustainably produced.