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Michel Bauwens: I very strongly believe this is one of the key solutions for climate change mitigation, and more generally, about creating ‘circular finance’ mechanisms, i.e. rewarding generative, rather than extractive activity. Capitalism rewards extractive activities, but has a great structural difficulty in financing generative impacts. One of the potential solutions are ‘circular finance’ mechanisms, in which positive and generative ‘externalities’ can be recognized, valued and financed by those benefitting from it.
