Resilience in times of polycrisis

Triodos
By January 25, 2023 08:04

Resilience in times of polycrisis

Long-term Investment Outlook 2023

Introduction

We are in a polycrisis. Our ecosystems are on the brink of collapse, our economic system is stressed, and socio-political relations are under pressure. The consequences are increasing uncertainty, lack of progress on the sustainable development agenda and an unstable economy. Policymakers do not know where to start to fix this. And there is no easy fix because we cannot go back to our pre-polycrisis world. That world was fossil-fuelled and geared towards efficiency and perpetual growth; it brought us into this position in the first place.

In the current circumstances, we must find a new way to look at the future of our society and economy. The way out is a transformation, a multifaceted transition. This requires choices from society – policymakers, business, voters, investors: what needs to be broken down, what needs to be converted and what needs to be built up.

Resilience – the capacity of a system, be it an individual, a forest, a city, or an economy, to deal with change and continue to develop – should be valued more as an essential element in the economic system needed to first shelter against the polycrisis and thereafter as a prerequisite to transition. 

Triodos
By January 25, 2023 08:04

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