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Rev. Fr Dr Lawrence Iwuamadi is dean of the Ecumenical Institute, the graduate school which opened its academic year this week. Below, Iwuamadi reflects on the arrival of new students at the Ecumenical Institute during this remarkable time.

From 6-12 August, young people from all over the world will meet in Korea and embark on a Pilgrimage of Justice and Peace, as their counterparts at the World Council of Churches (WCC) in Geneva walk alongside them, thousands of miles away but side-by-side in spirit.

Friday evening when the leaders of the G20 states will be meeting in Hamburg and discussing global economic, social, environmental and political issues, the churches in Germany are inviting people in Germany and all over the world to a common peace prayer.

“As a professor of economics and economic ethics with a theological background, and as dean of the GEM school, I can say that pluralistic economics – getting new prominence as an international student initiative – is an attempt to challenge neo-liberal monolithic economics. It is time for new thinking about economics”, stated Prof. Martin Büscher, first chair for economics and business ethics at the Institute for Diakonia and Management at the Protestant University of Wuppertal/Bethel, Germany, at the conclusion of the Governance, Economics and Management School held in Hong Kong on 22 August-2 September.

The globalization of the world economy has not been an even process, and in many ways governance for the protection of capital has overtaken governance for the protection of human well-being. A recent Ecumenical School on Governance, Economics and Management for an Economy of Life addressed this very asymmetry.

An economic system based on over-consumption and greed has become firmly rooted in today’s world and it is high time to change this paradigm by working for a new financial and economic architecture. The WCC together with the WCRC now convenes a first ever Ecumenical School on Governance, Economics and Management for an Economy of Life, in Hong Kong SAR.

Nearly one hundred representatives of the German member churches of the WCC met from 16 to 18 January at the Evangelical Academy of Loccum in order to share their experiences from the WCC 10th Assembly and to discuss how they would continue their way together on their pilgrimage of justice and peace.

Young people of the Christian, Muslim and Jewish faiths have created a unique community during a summer course at the Ecumenical Institute in Bossey. Together they seek to break religious stereotypes, promote mutual respect and enhance their understanding of religions beyond the conflict paradigm.

While the WCC 10th Assembly is several months away, a foretaste of what young people will bring to the assembly and experience is already developing a rhythm.

The international tug-of-war over carbon emission thresholds and other instruments meant to limit the deterioration of the earth's climate has caused a big stir in recent months, but yielded little results. Therefore the international community must now get ready to take care of those who will be forced from their homes by climate change.