[3] Held for the first time in 2023, it is an initiative to raise awareness for the increasing unfairness that today's youth and future generations are experiencing due to a lack of adequate government intervention and policy reform.
[5] The inofficial holiday addresses existential risks such as accelerating global warming,escalating (nuclear) arms races, the loss of biodiversity, unaligned artificial intelligence, and human-made pandemics, as well as intergenerationally unfair public policies, rapidly growing national debts, the cost-of-living crisis, high housing costs, and eroding pensions.
[6][7] This concept underscores the equitable treatment of individuals of all ages, ensuring that the interests and needs of each generation are taken into consideration, addressing a range of significant societal, ethical, and economic concerns.
[11][12][13] It is argued that future generations are not well-represented in the political process, while the percentage of elderly voters continues to increase, leading to a potential imbalance in the representation of different age groups.
Intergenerational Fairness Day emphasizes the importance of policies that take into account society's long-term needs, safeguard the rights of future generations, respect planetary limits, and prevent the deferral of costs without corresponding benefits.
[13] Intergenerational equity-based policies aim to tackle issues such as public debt, provision of social safety nets, and investment in infrastructure and education.
Foundation for the Rights of Future Generations (FRFG), also known as Stiftung für die Rechte zukünftiger Generationen (SRzG), is a German think tank and activist group focused on intergenerational justice and sustainability.
They aim to create a society that prioritises intergenerational fairness by advocating for policy changes, undertaking research and analysis, and educating younger generations.
The PFGA is a continental initiative aiming to amplify young voices in Africa for effective advocacy and protection of the rights and interests of younger and future generations.
[41] The United Nations Foundation established the Next Generation Fellows program to respond to the UN Secretary-General's request for young people to shape the Our Common Agenda report.
Their vision is to create a society where opportunities are abundant and accessible, and they aim to make intergenerational fairness a reality in the global system and its policy agenda.