The study covers companies that set sights on establishment of single world economy, and indicates advantages of such approach that may be revealed due to innovations in management of energy and digitalization, and facilitate decarbonation and sustainability. So it can create the basis for the planet prosperity.
The Roscongress Foundation presents the salient points of the publication accompanied by fragments of broadcasts of relevant panel discussions from the business programme of international events held by the Roscongress Foundation.
Level of possessing material assets by the people within the limit of the Earth biocapacity and level of social and economic welfare allow to evaluate such aspects as environmental footprint of mankind and ecological debt, along with Human Development Index (HDI). Both aspects are essential for the mankind prosperity, and their simultaneous escalation is required for efficient future shaping.
Human Development Index (HDI) is a consolidated figure of average performance in three key indicators of human development. Such indicators include: lifetime, access to education and decent standard of living.
Nowadays, the United Nations considers HDI exceeding 0.7 points as a high human development indicator. However, with the indicator increase stress to resources of our planet shall also rise.
Measures for containing COVID-19 have led to drastic decrease in economic activities. Besides, consequences of restrictions will be greatly observed in the regions with significant economic inequality.
The authors note that decrease in resources consumption has occurred overnight, and eventually, will be short-term. Our infrastructure did not improve, along with business models in various industries; so, we still have to increase sustainability, decrease dependency in resources and improve the quality of life.
In order to keep the promise given by the states in Paris in 2015, and limit global warming to 2°C or lower, we have to fully reequip energy supply systems and eliminate carbon emission up to 2050.
Economic development facilitates HDI increase and leads to increasing impact on environment. In order to reverse such trend, the companies shall assess their strategies and their applicability i terms of reducing environmental impact.
If the mankind could have decrease carbon emission twofold, and maintain the remaining part of environmental footprint at the same level, the due date of ecological debt would have been delayed to the 15th December, and total delay would have amounted to 115 days.
Global Footprint Network and Schneider Electric experts have calculated that technologies applied at Schneider Electric and partners, regarding its scaling, may delay the ecological debt due date by 21 day, and increase comfort, safety and reliability at lower operational expenditures.
According to Schneider estimates, thanks to use of such technologies the customers may decrease volume of emission equivalent to emission in Montreal per year (45 MtCO2).
The authors note that reducing environmental impact is as technologically possible as cost effective. Because success in business is determined by two fundamental and intercomplementary strategies: striving to long-term welfare and efficient resource utilization.
For more information about construction as a sector with a sizeable share in many economies, rising level of digitalization, and shifts in consumer sentiment in real estate, please see the Environment, Power generation and «Green» technologies.