The ideas of Billions to Trillions is a conversation that YKCenter has been propelling for the past half a decade – we are extremely happy about the conversation spreading. Here is the beginning of an article on Sphaera:
Each year hundreds of millions of people work in tens of millions of organisations, and deploy trillions of dollars in an effort to solve the most pressing challenges of our time.
Yet despite this vast commitment there remains an estimated $50 trillion funding gap required to address the Sustainable Development Goals (SDGs, or Global Goals) – the most comprehensive, cohesive and coherent description of these wicked problems to date.
The existing approach presumes that a multitude of entities addressing some part of the greater challenge will, without appropriate incentives and mechanisms, self-organise themselves into effective, efficient, and scalable solutions. This is dangerously and wilfully naive. By comparison, the International Space Station (ISS), the largest multi-lateral project, and the single most expensive construction project in history, came at an estimated cost of only $150 billion. The ISS would never have been launched without clearly defined incentives, and a coordinated pathway to success – so what makes governments, corporations, and civil society actors believe they can solve trillion dollar problems through a piecemeal, incremental, fragmented approach?
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