Net-Zero Future

What does future prosperity in a net zero economy look like for you?

Consider the opportunities provided by a net zero economy. Use the following prompts to guide your contribution: In your opinion, how could a net zero future allow for a more prosperous world, and can this prosperity be shared across society? What new business or professional opportunities could a net zero future hold for you? In your discussion, you are encouraged to think beyond the examples mentioned in previous activities.

A successful net zero future needs to consider collaboration between individuals, communities and countries – this requires a global effort!
Investing in sustainable infrastructure structure is key when targeting net zero in a sustainable way. Integrating sustainable infrastructure strategies into national strategies will not only increase the wellbeing of communities through reduction of pollution in the air but it will also attract tourism which will them subsequently increases capital for investment in innovative ways of continuing to create a prosperous future. 

As suggested above – the list benefits and opportunities are ongoing and will be shared across society – all ages, all genders and all sectors have the opportunity to prosper from the transition to net zero  – by Katrina Nardiello from UK

To my mind, putting aside the costs of getting there, which will vary enormously from one country to the next, a net zero future would indeed allow for a more prosperous world, for several reasons: 

  1. reaching that objective would mean that we have finally understood that relentless growth based on insatiable consumption is no longer possible and that “prosperity” should have/has a much broader, more inclusive meaning; 
  2. given that climate change arguably represents the single greatest threat to human development and planetary survival, the fact of having met that challenge the playing field for individual economies will in many respects be level in ways that it has not been until now, with a huge upside for the generation of a more innovative and equitable future; 
  3. because environmental degradation has so many spill-over/catalyzing effects across all aspects of the human experience, the fact of at least stabilizing global warming will permit everyone to focus on the kinds of policies that yield even greater long-term prosperity, rather needing to be engaged in constant crisis management.

by Sean Lynch from Hong Kong

My optimistic opinion is that once we have the behaviour shift where profit & accumulation of wealth/expensive status symbols is no longer the objective of the majority, companies will have less motive to have the largest profit figure possible at year end, and instead their success will be measured on their emissions target & their progress towards a specific environmental &/or social objective such as reforestation, bringing people out of poverty and improving working conditions, etc. As shown in the video about Copenhagen, the major obstacle is a shift of mentality, which is often more possible when the population believes they are working together against a common enemy (climate change), which can be turned positively to say working towards a common goal (a healthier planet & society). 

My personal business opportunity is that I believe improving, aligning successful global reporting standards will be a big driver of this change for companies and I am consulting on how to improve and implement business practices to produce constantly improving sustainability reporting, and audit sustainability reports to ensure consistency and avoid greenwashing. My part in the process won’t change the world itself, but we all need to choose our niche and go for it. – by Oscar Lampe from Switzerland

https://www.mckinsey.com/capabilities/sustainability/our-insights/the-net-zero-transition-what-it-would-cost-what-it-could-bring

Lessons from Latin America and the Caribbean (iadb.org)

https://www.wri.org/climate/expert-perspective/low-carbon-futures-least-developed-countries

If you have few minutes today, please watch this video on behavior change, 

A Challenge for you, how to bridge the gap between what we can do to move faster to Net Zero emissions? The path towards net zero can be slowing down by friction (small things matter) or can increase momentun if people increases their motivation.

How to reduce the friction and increase motivation towards net zero in your family, your community and your business and bridge the gap and meet the targets?

A suggestion: present your personal plan to your kids, and ask them to message you every week to remind you to reduce your emissions at home, in your community or business. (“Hi mom , dad, please reduce your emissions for our sustainable and livable future”);

and also create a real clock with 24 hours for the targets where each hour equivalent of an entire year trying to save emissions, where each year equivalent of a part of the target met and unmet is marked, scratched differently (+ or -). Something visual that everyone can see!!!

And see if this works!