From the World Economic Forum, June 30, 2022
Some of the things in "Future Focus 2025, Pathways for Progress from the Network of Global Future Councils 2020–2022" that you might enjoy:
Page 20
...Financing the green transition
The transition to a lower-carbon economy requires
a large rewiring of the global economy, with some
$3.5 trillion of investment needed annually “for
decades”. The shift to net zero will depend on
a policy framework and companies and investors
also seizing the opportunities and navigating the
risks of a complex transition. By 2025, investors
will play a larger role in financing the innovation
that will be key to reach the long-term 2050 net-
zero targets. This new phase of climate-aligned
investing will include “comparable metrics on
carbon footprints, throughout the entire value
chain and across a whole portfolio”. In the long
run, this will facilitate greater climate engagement
and activism.....
Page 22
In the formal economy, the greatest part of a
payment transaction is verifying the identity
of the individuals or entities on either side of
the transaction. While CBDCs promise to
revolutionize payments and deliver efficiencies for
consumers (retail or commercial), it is still unclear
how their architecture accommodates an identity
layer. A digital identity layer should be developed
independently of other parts of payment
processes and systems, such as authorizing/
authenticating transactions or applications.
– Ensure data governance. The traditional
financial service ecosystem has struggled for
years to come up with data-sharing models
that will boost competition and allow for new
services and business models. A new CBDC
infrastructure could allow for a novel data-
sharing and integration layer that can deliver
through APIs much more quickly and efficiently.....
And one of my personal favorites:
Page 26
...Developing effective narratives
While the above can help ensure organizational
resilience to these threats, broader societal
preparedness requires transparent risk
communication across multiple stakeholder
groups. When lacking data to quantify risks
and evaluate their likelihoods, well-formed
scenarios developed in a collaborative process
can help draw out potential impacts and
educate the public on possible threats.
Strategies for operationalizing this pathway include:
– Develop clear scenarios that articulate
the sources, drivers, amplifiers and tipping
points of a particular risk. They should
be robust enough to be useful to decision-
makers mapping out potential avenues for
preparedness.
– Be intentional about the language, format
and timing of communications. Use of
behavioural science mechanisms, such as
MINDSPACE (messenger, incentives, norms,
defaults, salience, priming, affect, commitment
and ego), can help the narrative find greater
traction. For example, sensory tools, such as
art, gaming or virtual reality, can fill gaps and
make threats “feel” real.
– Protect against disinformation. Greater
regulation of social networks and protection
against false information could help take the
onus off individuals to filter out misinformation
or disinformation and place the responsibility
on the government or businesses overseeing
these networks.....
....MUCH MORE (134 page PDF)
