Thursday, July 18, 2019
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Economy

Green Bonds

In the field of sustainable investment, there is currently an interesting trend in fixed-interest securities. Investors not only want to know in whom they are investing their money, but they want to know in detail what is happening with their money. It can be deduced from this that there is both a lack of trust vis-à-vis the issuers, and an awareness of and a keen interest in what exactly should happen with the invested money. The reason that this is especially interesting is that many banks – especially big ones – have no longer refinanced themselves through deposits. As was …

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Sustainable investing

The definitions are often very personal and there are big differences between them. There are approaches that can confidently be referred to as greenwashing, and there are others that take purely social or ecological criteria into account. Whether the philosophy underlying an investment matches one’s own values is something that can only be ensured by asking specific questions about the conditions and background. This is also crucial from an economic point of view because it can currently be seen that many investment companies have taken advantage of the positive attitude of private investors, especially towards ecological investments. It is against …

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Mobility

People and Mobility.

Let’s start with the good news. Portugal is in 6th place in the global Climate Change Performance Index (1), directly behind Denmark and Sweden and ahead of both Switzerland and Germany. And the bad news? The reduction in greenhouse gases coming from emissions from industry, agriculture and forestry, from power stations, from buildings and households but especially from transport and mobility can mainly be attributed to drastic cuts during the economic and financial crisis. Important though a balanced national budget may be, savings alone are of little help when major investments in the right ideas and projects are lacking. Political …

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Birdwatching - Faia Brava

Success stories.

The private educational programme for schools “Faia Brava” was successfully financed through crowdfunding  (www.ppl.com.pt) . €4,150 was used for six safari tents so that classes of school children could be given practical eco-lessons on the ground in the Faia Brava gorge in the wilderness of northern Portugal. €4,508 was raised from 77 private investors and donors. Themed walks, bird watching, seminars and educational games in the over 850 hectares of the unique nature reserve of the river Côa to the north of Guarda are intended to ensure increased understanding of our flora and fauna in Portugal.

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die ökonomie von gut und böse

Economics of Good and Evil

As a dissertation at the Charles University in Prague, it wasn’t good enough, but as a book, it’s a bestseller. The author won a scholarship to Yale. Even as a relative youngster, he belonged to former President Václav Havel’s team of advisers on economic matters. Today he’s a lecturer in economic history and philosophy at the Charles University, chief economist at CSOB, the biggest Czech bank, and a columnist. His book is a journey through 4,000 years of cultural and economic history, as well as a sharp analysis of the fact that economics and language are never value-free. The book is …

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changemakers

Money Makes The World Go Round?

 People. Planet. Profit. New bankers are what the country needs. We approach the topic of MONEY from the air. As we sit in the climate killer, well aware that each of us is burdening the atmosphere with a further 1.2 tonnes of CO₂ for this edition, the Airbus 320 from Lisbon prepares to land in Berlin. In its luggage, the magazine ECO123 has an invitation to the annual meeting of the GABV – the Global Alliance for Banking on Values. We want to find out how sustainable bankers aim to change the global economy for the better. Of course, two …

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Free Port-imão

The Algarve depends mostly on the tourist industry; in order to achieve growth, it has developed rapidly to the point where the beauty of the coast has been destroyed and the very reason most people come here on holiday is in danger. The Algarve desperately needs to diversify its economy, to open up and widen the market for farm produce and to attract new businesses producing modern, high-tech products. The Algarve does not need heavy industries but it does need to become a centre for innovation, engineering and technological research to encourage the development of new ideas, designs and the …

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Gabriel Leite Mota

Gabriel Leite Mota

Specialist in the economics of happiness 33-year-old Gabriel Leite Mota is the first Portuguese person to hold a doctorate in the Economics of Happiness. The title was awarded to him in 2010 by the Faculty of Economics of Porto (FEP), the institution where got his first degree in 2002. He teaches Economics, Politics and Happiness at ISPA – the Higher Institute of Social and Political Sciences and he’s a researcher at the Applied Microeconomics Research Centre of the University of Minho. He is also a columnist and commentator. His research interests range from the economics of well-being to behavioural and …

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GLS Bank

Bochum (D). When people pursue a common goal, they can achieve a great deal. A parents’ initiative involving just over 1,000 people wanted to do something meaningful with their money. They founded a bank, which in itself is not something that happens every day. But then they started compiling a checklist for the securities and credit business. They apply the following negative investment criteria: breaches of human rights, breaches of basic and labour rights, child labour, animal experimentation, controversial environmental activity, controversial economic practices, nuclear power, biocides, chlororganic mass production, embryo research, agro-genetic engineering, pornography, armaments, narcotics. Instead, they invest …

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