What is ReFi?
ReFi – Regenerative Finance is the practice of closely examining the balanced, predictable, healthy and sustainable systems and universal principles of nature untouched by humans and prioritizing these systems in the design of a new economy.
Situation
In its 2023 Global Risks Report, the World Economic Forum discusses a wide range of current challenges, including the climate crisis, natural disasters, polarization and migration.
The World Meteorological Organization announced that four key climate change indicators, which measure our impact on the planet, broke records in 2021.
In the Regenerative Blue Economy document presented at UNFCCC COP28, a collaborative approach based on robust scientific methodologies and the use of fundamental analytical tools is recommended for the transition from sustainability to regeneration.
Context
In a survey conducted by the Turkish Youth Clubs Confederation, it was found that approximately 65% of individuals aged 18-29 in Turkey are knowledgeable about cryptocurrency exchanges, with about 48% having invested in them.
Despite automation, artificial intelligence, and digital technologies causing some job losses in Turkey, there is potential for the creation of new jobs due to increased productivity, investment growth, and the expansion of the service economy, potentially resulting in a 3.1 million job increase by 2030. For Turkey to achieve a talent transformation, the 21.1 million-strong workforce needs to develop new skills through technology while continuing in their current occupations
Opportunity
Is it possible for a new economic model that will invalidate the dynamics that trigger crises and transform the effects of non-surprise shocks that experts have predicted in their research since the 1970s into a “creative destruction”, in Bekir Ağırdır’s words?
The ReFi Turkey Program is a call to design a new approach to repair the world by fostering innovation at the intersection of finance, impact and technology.
