AMI Press Release on Letter to COP26
Monetary conference calls COP26’s attention to the connection between the monetary system and climate change
Chicago, November 11, 2021 – Last weekend, from November 5 till the 7th, the American Monetary Institute organised its 17th annual conference on monetary theory and reform. The conference brought together some of the world’s leading experts on monetary history and theory together with some of the world's most serious advocates of real and achievable economic and monetary reforms.
Attendees of the 17th Monetary Reform Conference signed a letter addressing the strong correlation between the current, debt-based monetary system and climate change. They also call for the debt-based system to be changed into a sovereign monetary system.
The concise statement released to the participants of the UN Climate Conference’s COP26 is as follows:
We acknowledge there exists a strong correlation between the current, debt-based monetary system and climate change. It acts through multiple paths of transmission, which have to be taken into account to find just and sustainable solutions.
On top of that, we strongly believe that a sovereign monetary system will allow substantial public investments which are required to steer global civilisation from a brown, carbon-based system to a green, equitable, post-fossil fuel age with a balanced carbon cycle.
The statement, with ample background references and names of signers, can be found on-line here.
AMI is a publicly supported charity to present the results of research leading to monetary reforms which bring forth a greater level of economic justice. The institute was founded in 1996 by Stephen Zarlenga, author of The Lost Science of Money.