India About to be Done in by UN Green Finance

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In their press briefing of 28 September 2017, the United Nations Environment Programme (UNEP) provides a briefing about their so-called sustainable finance agenda, in which they not once mention the role of the sovereign or sovereign legal tender. One wonders what is wrong with the economists at UNEP. It is hugely disappointing to find that they are simply repeating the propaganda of capitalism instead of coming up with suggestions about how to abolish capitalism and replace it with positive money.

The “UN Environment Inquiry into the Design of a Sustainable Financial System” is a utopian fantasy and India - if this plan is implemented which, in any case, it will never be because capitalism is incapable of delivering sustainable development - is clearly being planned to be done in once and for all in the name of UN Green Finance.

The UNEP Inquiry into the Design of a Sustainable Financial System, if implemented, will be the last nail in India’s coffin hammered in by the self-same perpetrators of man-made climate change.

Take for example point 2 of the so-called GreenInvest Berlin platform. The suggestion is that the so-called Green Foreign Direct Investment will “mobilise US $90 trillion over the next 15 years… by non-financial and financial firms, debt and equity investors, government policymakers, consumers and workers.”

Note the term “government policymakers.” Since when are the “policymakers” mobilisers of trillions? Is it not the country, the sovereign, its citizens and the state as the executor of the will of the people who is the authority for legal tender in a country? Last time I checked this was the case at least in India.

But shamelessly, UNEP not once mention the role of the sovereign in issuing currency to the people for sustainable development, currency that is not based on debt, does not have to be repaid, is not an asset, but is a facilitator of local exchanges of goods and services for people to support each other to deal with loss and damage and reconstruction and ecological regeneration in the age of man-made climate change. All things that green capitalism aka green finance is not. Trade CANNOT be the way out of man-made climate change. Only self-help and cooperation and social justice facilitated by sovereign money owned by the citizens can.

But No. Rather than this, UNEP dreams a wet dream of so-called global fintech.

The time has come for Indians and all citizens of the world to rise up against this hijacking of the Indian’s nation’s sovereign legal tender by world capitalists. In the case of India, it is time to reinvent economics to suit the Indian people on the basis of the Indian constitution, and boot out the UN and its utopian fantasy of green capitalism.


Anandi Sharan was born in Switzerland, lives in Bangalore, and worked in Araria District in 2016. She mainly writes about India and how we need a better money policy to help agricultural labourers and women especially to adapt to man-made climate change. 

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