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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.

With simple, compelling messages, leaders and friends of the Ecumenical Advocacy Alliance are featured in a new five-minute video offering an overview of the EAA’s work and the serious global need for advocacy related to HIV and AIDS and food security.

As the 21st Conference of Parties (COP 21) of the United Nations Framework Convention on Climate Change came to a close in Paris, a consultation organized by the National Council of Churches in the Philippines and the Ecumenical Advocacy Alliance of the WCC on 11 December in Quezon City, Philippines considered “The Right to Food and Life in the Context of Climate Change.”

Climate-induced loss and damage is one of the key points being raised by faith groups during COP21. A discussion panel and a demonstration held at COP21 in early December brought to light many facets of this issue.

How and in which ways are money and finance shaping the world economy and society? What ought to be the roles of money and finance and what can we do together as faith communities to make the prevailing international financial architecture more just and compassionate?

During the 4th United Nations Forum on Business and Human Rights, the WCC, in collaboration with the ACT Alliance and Lutheran World Federation, organized a side-event on “Faith-based organizations’ contribution to the protection of communities’ land rights: lessons learnt and good practices from Africa, Asia and Latin America” at the Ecumenical Centre in Geneva.

A declaration emphasizing the need for greater convergence in the struggles for justice and rights of communities, particularly for land, water, forests, natural resources, livelihood and identity, was the outcome of a meeting in Nepal, involving civil society organizations and social movements.

A report from the WCC calls for an effective response in meeting the needs of communities faced with unprecedented financial and economic crises, the threat of climate change and widespread ecological devastation.

The WCC has decided fossil fuel investment is a “no-go” zone on its list of investments, reflecting both its commitment to reversing climate change and ethical investments.

While reflecting on the theme of the WCC upcoming assembly in Busan, Indian churches stressed the importance of celebrating life in fullness, vibrancy, dynamism and fervour irrespective of caste, creed, colour, class, gender or ethnicity.

At the recent World Social Forum, ecumenical voices warned about the grave consequences of extraction of natural resources and mining, which they say generate a tremendous amount of social and ecological debt.

Church representatives at a recent Oikotree Global Forum in Johannesburg, South Africa stressed the need to support peoples'€™ movements promoting justice in the economy and ecology, a concern, they say, that lies at the heart of the faith.

In Africa, trade, aid and investments from the European Union (EU), United States (US) and China have not fully addressed the roots of poverty, inequality and ecological degradation. Churches, therefore, need to engage in a “development dialogue” to support alternative economic agendas, which can help eradicate poverty, while safeguarding Africa’s natural riches.

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.