Investing in a Just Transition in NYC

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On March 31, 2016, as leaders Jay Saper and Andrew Meeker put the finishing touches on their Regenerative Finance presentation in sun-dappled Washington Square Park, they ran into a gaggle of NYU Divestment activists. As Jay and Andrew shared about Regen’s work on investing in a Just Transition, they learned that the group had already heard about Regen! While half of the students were headed to a direct action that night, the other half were excited to learn how the reinvestment work of Regen could be used as a model for reinvestment at the university level. That little piece of kismet shows how powerful our emerging work is as a precedent setting model, and how important it is to share our practices publicly, beyond philanthropy conferences.

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That night in the upstairs community space at the Patagonia store in SoHo, over 65 people gathered to learn about Regenerative Finance. Andrew shared the just transition framework, and the basic ways the Banks and Tanks economy operates.

 

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Jay shared our 11 Regenerative Economy principles, and examples of cooperative businesses that embody those values, like CERO Waste Cooperative, Black Mesa Water Coalition, and Renaissance Community Coop.

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Andrew broke down the differences between extractive and non-extractive finance.

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Kate Poole stepped in to help bring out the wisdom of the audience and facilitate a lively discussion. The audience asked so many brilliant questions!!

Why focus on local communities in the U.S. when there’s so much poverty and need globally?

How do you save for retirement if you are investing at 0% interest?

Who are the rich people that are redistributing wealth?

What do you say to a rich person to convince them to invest differently?

What does it look like for a community to control capital?

Is charging interest always wrong?

We’ve thought through all these questions, and are continuing to evolve our answers. Watch video excerpts of Andrew and Jay in action sharing about Regen here:

We’re excited to continue sharing our model. If you’d like to have Regenerative Finance present our work in your city, reach out to info@regenerativefinance.org.

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