Green Economics 4.0 -Economics, Innovation and Sustainability- in the 21st and 22nd Centuries. Calls for a Reflection on the new phenomena in the markets to cope with the theoretical and practical and policy challenges with the new virtual reality. Facing up to them and creating a new philosophical and practical planning and realisation. We need to establish a new dialogue between the digitalisation of the economy and the society.

Building a new dialogue. The Green Economics Institute has been a leader in this dialogue as it is based on high tech models for the sustainability and diversity of the future. It now launches its proposals for the new age.

The philosophical foundations of society and the economy are 2000 years old and this needs to be updated to prepare our minds and our role in the new age and to recalibrate its relationship with nature- its difficult because its really new. We are in a completely new situation – where humans are about to wreck all life on earth- and the climate and its systems- with our actual lack of understanding of how the world works.

We are humans and we have a new far reaching generation of machines. But our human minds are struggling to cope with it.

Understanding these new machines and these new techniques which harnness and change our very DNA, and use us and our actual bodies as the raw materials.

The fourth industrial revolution -we have a re invention of biology, the breaking down of nature- and the pandemic as part of our incursion into nature and habitat, and stumbling upon unlimited quanitities of dangerous viruses- staying alive becomes a serious challenge to humans as well as all the other life they are busy wiping out in pursuit of the ultimately sucessful human economy and riches beyond measure.

However we are at end of that rainbow -and we find as the richest most ‘successul humans ever to walk the planet’ – we find – like in the Wizard of Oz- there is really nothing there- except destruction- ? What have we done- ? What are the consequences? What a mess we are in! Where is the reference point for this. 2000 year old philosophies and reference points seems to be unable to help us. This conference opens this important discussion and builds on our recent wonderful survival solutions conferences.

What is our perspectives on this? How do we survive in the short and long term in a world likely to get 4-8 degrees hotter? With a much higher sea level and having wiped out 68% of wild life – are we honestly going to carry on until the last blade of grass has gone, all the wild life has been wiped out. Or do we adjust our economic philosophy to make it mature and work within the bounds of nature- ?

Understanding, the new age which is upon us, and using it to heal the planet, the climate and human life and the economy.

Rethinking the role of technology: patterns of growth, social justice, digital currencies, what are the challenges of digitalisation with regard to economic and social issues.

The social impacts of these changes- Case studies – Prison inmates in Uganda.

One of the outcomes of the conference will be the book – ‘The Handbook of Green Economics 4.0 ‘ Edited by Professor Maria Madi.and Miriam Kennet and ‘ The Green Economics 4.0 Reader.’ Edited by Miriam Kennet and Professor Maria Madi.

Indicative Timetable and Schedule

Topics: ECONOMY, INNOVATION AND SUSTAINABILITY

10.00am UK time Technology testing and connections checks.

Hosting Team Marlyn Lee Hughes and Miriam Kennet

10.30- 10.45 am uk time Welcome, Introduction, Opening Plenary Introductions

Session 1 Technology industries: a vision for 2030: Introduction -Nature, Social and Technology

Chair: Marlyn Lee Hughes , Technology- Miriam Kennet, Volker Heinemann, Sukriti Anand

Speaker: Bianca Madison – Vuleta (UK Italy, Denmark and Croatia) c

Introduction-Case Study-The industrialisation of food and animals- and the pandemic consequences.

10.45-10.55 Break outs and introductions

Session 2 – Keynote speeches Opening Plenary 11.00- 12.00 UK time

Economics, Law and Innovation- The new Normal

Chair: Marlyn Hughes

Speakers: Professor Maria Madi (Brazil) c

Monika Sobiecki -(UK)c Privacy, Algorithms and Legal Challenges – Law Running to Catch Up with Innovation = The New Normal.

Q and A and Debate

Short Break 12.00- 12.10

Session 3 Expert Panel – The new challenges of regulation and the rule of law in the digital spaces. 12.10.-13.15pm uk time

Chairs : Sukriti Anand and Miriam Kennet

Speakers- Professor Alexandra Harington, (USA)c

Margarita Nieves, c(Columbia) European Green Deal and the role of new technologies in the EU strategy to reduce methane emissions.

Panel – Debate with expert speakers: -Professor Harrington, Monika Sobiecki c (AI Regulation)and Dr Margarita Nieves. c

What is the scope of the law for digital spaces? Do we need completely new legal codes and framework because of the increasingly fuzzy boundaries between the digital, virtual and real world.

13.15 – 14.00 Lunch Break with break out rooms

Chair: Sukriti Anand and Miriam Kennet

Discussion with all participants

-Planning for ideas and challenges- Next Steps and 10 key takeaways- all participants

14.00- 14.50 Session 4 Industry 4.0 Technologies and global supply chains:

Chair: Volker Heinemann, with Bianca Madison – Vuleta

COVID-19 influence our progress towards a Green Deal and a Circular Economy?

Speakers: Professor Dzintra Atstaja (Latvia) c

Geo Politics and the role of the nations states and the role of humans and technology

Yen Chit Chong (UK)c

14.50-15.10 Break

15.-10- 16.15 Session 5 Expert Panel : Technology and commodification. The role of natural resources and the public spaces and nation-states, exploitation of Natural resources : The avoiding corruption in the digital spaces:

Chair: Leena Ahmed

Speakers Professor Maria Madi -c( Brazil), Commodification in the Digital Age

Professor Peter Yang -The Role of Digital Innovation in Global Sustainable Development and Research.” (- USA and China)c

Liliana Poposkova – former MP (N Macedonia ) Mining and Exploitation

Break 16.15-16.30

Session 6 16.30- 17. 20 Digital finance, Bitcoin and cryptocurrencies and Central Banking-

How the financial industry is organised –

Chair: Volker Heinemann (UK and Germany) with Bianca Madison -Vuleta TBC

Speakers: Professor Maria Madi (Brazil) c The future of Banking

Professor Simon Mouatt- (Uk) The foundations of economic value- and macroeconomics and Monetary Policy-

Break 17.20-17.30

17.30- 18.20 Session 7 Expert Panel ” How digitalisation can improve environmental and social justice?”-Values Valuation and Valuing -We need a new valuation in economic relations

Chair: Leena Ahmed and Bianca Madison -Vuleta tbc

Speakers: Milly Kakulungu (Uganda)c Digitalisation and Education and Social Justice

Anjikwi Mshalbwala-(Nigeria) The impact of Technology in community health and gender delivery TBC

Agneta Granstrom- c (Indigenous perspectives SAMI Sweden) Digital Health for Indigenous Peoples

18.20-18.30 Final Session – Next Steps and 10 key takeaways- all participants

Chair Marlyn Hughes

Miriam Kennet and Professor MarIa Madi -Authors and Editors of this important concept and book

Publications from the Conference -Call for Papers.

1. Values, Valuation and Valuing Ed. -Professor Maria Madi and Miriam Kennet- Published by The Green Economics Institute and GEIBooks. www.geibooks.org.uk already published. ISBN 9781097543647

2 The future of income, work and labour Miriam Kennet editor.

3. Biodiversity Loss- The Threat to life on earth -Published by The Green Economics Institute.ISBN 9781097543647

4. The International Journal of Green Economics – Published by Inderscience on behalf of The Green Economics Institute- Volume 15 -IJGE Issues 1-4 2021. Editor Miriam Kennet ISSN 17449936

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According to the United Nations this Economics 4.0 is driving inequalities faster

Industry 4.0’ tech for post-COVID world, is driving inequality: UNCTAD

The United Nations explains it here:

‘Economic Development

Developing countries must embrace ground-breaking technologies that have been a critical tool in tackling the COVID-19 pandemic, or else face even greater inequalities than before, UN economic development experts at UNCTAD said on Thursday.

“Very few countries create the technologies that drive this revolution – most of them are created in China and the US – but all countries will be affected by it”, said UNCTAD’s Shamika Sirimanne, head of Division on Technology and Logistics. “Almost none of the developing countries we studied is prepared for the consequences.”

The appeal, which is highlighted in a new UNCTAD report, relates to all things digital and connective, so-called “Industry 4.0” or “frontier technologies”, that include artificial intelligence, big data, blockchain, 5G, 3D printing, robotics, drones, nanotechnology and solar energy.

Gene editing, another fast-evolving sector, has demonstrated its worth in the last year, with the accelerated development of new coronavirus vaccines.

Drone aid

In developing countries, digital tools can be used to monitor ground water contamination, deliver medical supplies to remote communities via drones, or track diseases using big data, said UNCTAD’s Sirimanne.

But “most of these examples remain at pilot level, without ever being scaled-up to reach those most in need: the poor. To be successful, technology deployment must fulfil the five As: availability, affordability, awareness, accessibility, and the ability for effective use.”

Income gap widening

With an estimated market value of $350 billion today, the array of emerging digital solutions for life after COVID is likely to be worth over $3 trillion by 2025 – hence the need for developing countries to invest in training and infrastructure to be part of it, Sirimanne maintained.

“Most Industry 4.0 technologies that are being deployed in developed countries save labour in routine tasks affecting mid-level skill jobs. They reward digital skills and capital”, she said, pointing to the significant increase in the market value of the world’s leading digital platforms during the pandemic.

Innovation dividends

“The largest gains have been made by Amazon, Apple and Tencent,” Sirimanne continued. “This is not surprising given that a very small number of very large firms provided most of the digital solutions that we have used to cope with various lockdowns and travel restrictions.”

Expressing optimism about the potential for developing countries to be carried along with the new wave of digitalisation rather than be swamped by it, the UNCTAD economist downplayed concerns that increasing workforce automation risked putting people in poorer countries out of a job.

This is because “not all tasks in a job are automated, and, most importantly, that new products, tasks, professions, and economic activities are created throughout the economy”, Sirimanne said.

‘Job polarization’

“The low wages …for skills in developing countries plus the demographic trends will not create economic incentives to replace labour in manufacturing – not yet.”

According to UNCTAD, over the past two decades, the expansion in high and low-wage jobs – a phenomenon known as “job polarization” – has led to only a single-digit reduction in medium-skilled jobs in developed and developing countries (of four and six per cent respectively).

“So, it is expected that low and lower-middle income developing countries will be less exposed to potential negative effects of AI and robots on job polarization”, Sirimanne explained.

Nonetheless, the UN trade and development body cautioned that there appeared to be little sign of galloping inequality slowing down in the new digital age, pointing to data indicating that the income gap between developed and developing countries is $40,749 in real terms today, up from $17,000 in 1970.’