The prevailing wisdom to prevent the further burning and degradation of the Amazon is to extract its resources sustainably. But experts say this only exacerbates the problem.
Between 1960 and 2023, public social expenditures more than doubled from less than 10 per cent of GDP to more than 20 per cent on average across Organization for Economic Cooperation and Development (OECD) countries. However, these investments in social and environmental causes have not resulted in as much impact as hoped. The answer partly lies in how those resources are deployed in these causes.
Il n'existe qu'un seul fonds canadien, BKR, pour financer l'entrepreneuriat noir dans le domaine de la technologie. Lorsqu'ils obtiennent un financement, les entrepreneurs noirs reรงoivent des prรชts, rarement des fonds propres. Le Quรฉbรฉcois Wils Theagene estime qu'il est urgent de changer de systรจme et de crรฉer une vรฉritable chaรฎne de financement pour les entrepreneurs de la communautรฉ noire. There is only one Canadian fund, BKR, to finance Black entrepreneurship in technology. When they get funding, Black entrepreneurs receive loans, rarely equity. Quebec's Wils Theagene sees a pressing need for a system change, creating a real financing chain for entrepreneurs from the Black community.
Few funders focus on technology and artificial intelligence grants. Few technically skilled staff in the non-profit sector can expertly handle data science, machine learning, and artificial intelligence projects.
Canadaโs $755 million Social Finance Fund has the potential to accelerate the growth of Canadaโs social finance market. Will there be enough skilled people to support it?