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ZOE Institute for Future-fit Economies is happy to launch the first edition of its newsletter, the Future-fit Economies Update. Below you will find a collection of the latest policy updates, key developments, and a roundup of relevant resources.

Editor's Address

2021 has been a year of disruption, of challenges but also of hope. The Greek forest fires and the German floods – to name only a few examples - point towards the urgency for doing a lot more to battle climate change, and for doing it quickly. The Glasgow Climate Pact that confirms 1.5 degree of global warming as the global objective brought a wave of hope in the joint efforts to build an economy that cares about the people and the planet’s health.

We’ve been striving to bring in these very changes at ZOE.

Read the full text here.

Key Developments
  • The compromise between the three EU institutions on the 8th Environment Action Programme (EAP) is an important step in the recognition of the wellbeing economy, as it is mentioned in an EU legislative text for the first time and is defined as a priority of the 8th EAP. The deal also includes a request to the European Commission to develop a summary dashboard and set of indicators beyond GDP. ZOE Institute has engaged with the EU institutions at various levels to present its Compass towards 2030, inspired by the Doughnut Economics, as a possible framework to help developing this summary dashboard.
  • The European Commission relaunched the public debate on the EU's economic governance framework with an ongoing consultation (closing 31 December). ZOE Institute has done a feasibility and impact analysis of fiscal policy reform proposals, which was presented in a workshop during the Fiscal Matters week. This report fills a gap as it provides a structured overview of the reform proposals for the EU fiscal framework and a comprehensive assessment of their feasibility and impact. We encourage you to contribute to the ongoing consultation, using our framework analysis to guide you in identifying the reforms to advocate for.
  • Germany's new incoming government coalition will see the Greens leading the Economy and Climate Ministry. This opens important windows of opportunities for paving the way for crucial reforms of the Stability and Growth Pact, and more emphasis on public green investments. ZOE Institute will continue its analysis of fiscal rules in some Member States and work closely with the EU institutions on the economic governance reform.
ZOE Announcements

The ZOE Institute launched a series of policy publications on 1.5-Degree Lifestyles.

Making the transition to a climate-neutral Europe that is fair and inclusive for all is a key component of the European Green Deal. Enabling 1.5-Degree Lifestyles for all can help ensure the equity dimension of this transition:
  • Currently, the richest 10% are responsible for almost half of all lifestyle-related emissions.
  • Largest decrease in emissions since 1990 has come from the bottom 50% of the income bracket.
  • The establishment of consumption corridors or facilitating access to Universal Basic Services for all are examples of equitable measures to achieve this transition.
Read more
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