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| Abbreviation | NEF |
|---|---|
| Formation | 1986; 40 years ago (1986) |
| Type | Ecological economicspublic policythink tank |
| Headquarters | 10 Salamanca Place,London,United Kingdom |
Chief Executive | Dhananjayan Sriskandarajah |
| Website | www.neweconomics.org |
TheNew Economics Foundation (NEF) is aBritishthink-tank that promotes "social, economic andenvironmental justice".[1]
NEF was founded in 1986 by the leaders ofThe Other Economic Summit (TOES) with the aim of working for a "new model of wealth creation, based on equality, diversity and economic stability".[2]
The foundation has 50 staff in London and is active at a range of different levels. Its programmes include work on well-being, its own kinds of measurement and evaluation, sustainable local regeneration, its own forms of finance and business models, sustainable public services, and theeconomics of climate change.
Ed Mayo was chief executive from 1992 until 2003.[3] Previous chief executives includeMarc Stears who served between January 2016 and November 2017,[4] andMiatta Fahnbulleh who held the office between November 2017 and January 2024.[5] The current chief executive isDr Dhananjayan Sriskandarajah.[6]
The organisation has launched a range of new organisations to promote its ideas, including theEthical Trading Initiative,AccountAbility,Time Banking UK,London Rebuilding Society, theCommunity Development Finance Association, and others.[citation needed]
The organisation's current projects include work on community-based housing, worker organising in the digital economy, restoring local banking and challenging xenophobia and racism in the Brexit debate. It is also active in community economic regeneration. The Foundation's BizFizz programme, an entrepreneurship development programme, has created more than 900 new businesses in deprived areas. The organisation has now taken this and Local Alchemy to six other countries through its international programme.[citation needed]
The Foundation's public events attract well-known speakers. Itsclone town campaign in favour of local economic diversity was covered two years running by every major national newspaper and TV news station and it was taken up in the Save Our Small Shops Campaign in theEvening Standard.[citation needed]
NEF supported the National Programme for Third Sector Commissioning with research and reporting on "how best the Third Sector could evidence its wider impact on public services and their delivery", which underpinned theOffice of the Third Sector's work programme on third sector commissioning from 2009.[7]
TheJubilee 2000 campaign, strategised for and run by NEF,[8] collected 24 million signatures for its worldwide petition on development and poverty.[9]
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| Formation | 1 June 2001; 24 years ago (2001-06-01) |
|---|---|
| Dissolved | Ceased publishing March 30, 2012 (2012-03-30); Archives available |
| Type | INGO |
| Purpose | To raise international public awareness and promote better understanding of the world's oil-depletion problem |
| Headquarters | London |
Region served | Worldwide |
Director | Jim Meyer |
Parent organisation | New Economics Foundation |
The Oil Depletion Analysis Centre (ODAC) was founded by Sarah Astor andDr. Colin Campbell. In his bookOil Crisis Campbell explains that theAstor family wanted to establish and provide funds for an institute to raise awareness on this issue of oil depletion and peak oil.[10] The first director was Dr. Roger Bentley.
In 2004, ODAC sponsoredChris Skrebowski's report, called "Oil Field Megaprojects", which analysed data from 68 oil production projects.[11]
In November 2005, ODAC published a report after conducting a survey led by Chris Skrebowski, which concluded that oil supply will not meet demand by 2007 or 2008.[12]
In June 2007, a report authored by Colin Campbell predicted that peak oil would occur within four years.[13]
In July 2006, the Foundation launched theHappy Planet Index, intended to challenge existing indices of a state's success, such asGross Domestic Product (GDP) andHuman Development Index (HDI).
NEF was awarded theInternational Society for Quality-of-Life Studies' Award for the Betterment of the Human Condition in 2007, in recognition of its work on the Happy Planet Index.[14][15]
In February 2010, the New Economics Foundation called for gradual transition to a working week of 21 hours as a way to tackle: "overwork, unemployment, over-consumption, high carbon emissions, low well-being, entrenched inequalities, and the lack of time to live sustainably, to care for each other, and simply to enjoy life".[16] In 2012,Anna Coote, the head of social policy at The New Economics Foundation said this could be done as a three-day week.[17] The New Economics Foundation stated a 21-hour work week would provide a better work-life balance, better balance work hours across the population and help towards a more sustainable and less carbon-dependent economy.[17] A three-day work-week has also been support by British sociologist Peter Fleming in his 2015 book,The Mythology of Work.[18]
The New Economics Foundation has been rated as 'broadly transparent' in its funding byTransparify[19] and has been given an A grade for funding transparency byWho Funds You?[20]
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