Global Challenges
The challenges we face are considerable: from rethinking our relationship with the environment, and the wide-reaching implications this has, to tackling the persistent inequalities and injustices that characterise our relationships with each other. The WFC has identified 24 key issues that it will seek to address. With each campaign the WFC will highlight the connections between these areas, and aim to integrate them into its policy recommendations.The global challenges can be roughly grouped into three categories:
Environment

The key global challenges grouped together in this category concern our relationship with the planet that supports us. With limited natural resources, an increasingly urbanised and ever-growing population, and the looming threat of irreversible climate change, the need to reconsider the way we interact with our environment has never been more pressing. Paramount to this is the acknowledgement that we are a part of the global ecosystem and not its rulers.

Social Issues

The key global challenges grouped together in this category are concerned with ensuring that people across the world can lead healthy and fulfilled lives. This involves embracing the diversity of human traits and capabilities, and acknowledging that we are all equal and yet distinct.

Economics and Politics

The key global challenges grouped together in this category are concerned with the organisation of human societies and the relationships between them. This involves fair and peaceful exchange, and an equitable distribution of costs and benefits in the creation of global welfare.

Monetary and Tax Reforms

"The greatest problem in the world is too much money." Andy Xie, Morgan Stanley economist, quoted in Der Spiegel 13/2005.

Financial wealth has exploded far beyond the growth of real wealth - yet we are told that there is not enough money for urgently needed reforms. We tax human labour until it is often unaffordable - yet subsidise and discount the use of scarce resources. We need to understand much better how money is created. There is an urgent need to regulate the financial system to meet the needs of people and to respect natural limits.

How is real wealth best measured? What role can local and regional currencies play? How can urgent reforms be funded? Should governments reduce their sovereign right to issue money in favour of debt-based money created by private banks? What are the pros and cons of a banking system based on interest? Is the Islamic financial system a viable alternative? Is the Jubilee Year concept of periodic debt forgiveness of highly indebted countries enforceable? What kind of tax reforms can assure the efficient and clean use of resources?