"Whatever it takes" - Global Issues in the light of quantitative easing

This thesis investigates the global financial system, the process of money creation in modern economies and, ways to innovate towards a sustainable future. The aim of this thesis is to define a concrete plan to finance climate change taking valuable considerations from the “Whatever it takes” approach adopted by world leaders when faced with the Financial Crisis of 2008. Evidence shows that unconventional monetary policies are today widely accepted and regularly used to stimulate or stabilize the economies. Therefore, the solutions presented do not involve a financial innovation but a policy innovation in a way that newly created money by the means of Quantitative Easing (controlled by Central Banks) or by the Special Drawing Rights (controlled by the International Monetary Fund) can be specifically used to tackle other problems globally shared rather than financial crisis'. Results indicate that we can afford the promises made to the Green Climate Fund, we have the instruments needed and, the risks resulting from this green monetary approach can be mitigated. Thus, it is possible to meet the global goal of limiting global warming below 2ºC. The findings of this thesis are value for everyone as they bring forward strategic considerations on behalf of a better world.