Prosperity in the Fossil-Free Economy
Melissa K. Scanlan
Abstract
This book provides a legal blueprint for creating alternate corporate business models that mitigate climate change, pay living wages, and act as responsible community members, including Certified B Corps and benefit corporations. With an emphasis on cooperatives, the book reveals the power and potential of cooperating as a unifying concept around which to design social enterprise achieving triple bottom-line results: for society, the environment, and finance. The book begins with the year 2020, considering it an inflection point when the world changed due to the spread of the novel coronavirus ... More
This book provides a legal blueprint for creating alternate corporate business models that mitigate climate change, pay living wages, and act as responsible community members, including Certified B Corps and benefit corporations. With an emphasis on cooperatives, the book reveals the power and potential of cooperating as a unifying concept around which to design social enterprise achieving triple bottom-line results: for society, the environment, and finance. The book begins with the year 2020, considering it an inflection point when the world changed due to the spread of the novel coronavirus and sent people into isolation. It talks about the cooperation learned during the pandemic, which is essential in the transition off fossil fuels. It also mentions path-breaking cooperatives that sparked ideas for how to structure social enterprises. Another world was shown to be possible, wherein fossil fuels are left behind and a better life in the new democratic economy is defined by shared prosperity. We have reached a critical juncture in global development that calls for a fresh approach to cooperating for a livable planet. There is a growing awareness around the world to move the global economy off fossil fuels and rethink and redesign man's relationship with natural resources.
Keywords:
corporate business models,
climate change,
living wages,
social enterprise,
fossil fuels,
natural resources
Bibliographic Information
Print publication date: 2021 |
Print ISBN-13: 9780300253993 |
Published to Yale Scholarship Online: January 2022 |
DOI:10.12987/yale/9780300253993.001.0001 |