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A cooperative path to sustainability: driving impact finance through cooperative venture.
- The need for resilience and local economies has become essential to tackle deglobalisation, climate change, and rising social and geopolitical tensions.
- Governments are using fiscal policy to direct capital towards projects that focus on sustainability and local economic strength.
- Investment in energy transition outpaced investment in fossil fuels in 2024, highlighting a clear investor preference for a low-carbon, sustainable economy.
- Achieving the goals of the Paris Agreement will require unprecedented capital flows of $6 trillion per year by 2050 which will be allocated to the energy transition.
- To tackle the social challenges related to environmental transformation, a strengthened local democracy and active citizen participation is becoming increasingly crucial.
- An ecological transition must prioritize social justice to reduce social inequalities and strengthen the 'common good' by creating resilient, inclusive communities through local initiatives.
- Redefining 'intermediate success' beyond binary success/failure can reduce the stigma of failure, encourages positive contributions to the community, and fosters a more inclusive and resilient entrepreneurial ecosystem.
- Alternative financial models such as cooperative finance and crowdfunding enable community engagement, strengthen solidarity and promote sustainable and ecological initiatives.
- Civic venture capital cooperatives are emerging as a strategic response to current economic and environmental challenges, enabling the growth of resilient, sustainable communities.
- These cooperatives align financial returns with social impact, foster ecological innovation and promote sustainable job creation through participatory governance.
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