Thursday, November 7, 2019

Can regenerative economics and mainstream business mix?

The question was posed by Daniel Christian Wahl in this article. He said:

"So we face a dual task: We need to transform our economic and monetary systems to incentivise a different way to do business; and we need to simultaneously innovate ways that existing businesses in our current degenerative economic system can contribute to or at least experiment with preparing for this transformation."


This is a point that Rifkin makes in his book The Green New Deal. In his work with the EU he enlists private-public partnerships. One type of private businesses are Energy Service Companies (ESCOs). The must operate within the public governing bodies that own the energy and its infrastructure to find innovative ways to provide renewable energy to the public. I.e., while they continue to operate as a business in the old system to make a profit, they do so with a new structure in alignment with regenerative goals. It seems that within that structure is one way of providing private companies a transition to the new paradigm.

I've contacted the Green New Deal for Europe (GNDE), which is adamantly against any private-public partnerships, to provide specific examples of any private companies that are sabotaging current Green New Deal projects but to date they have not responded. I also contacted a current GND operation in the Hautes-de-France (Rev3) that has worked with Rifkin to set up its operation to ask the same question of its private ESCO partners, but to date no response.

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