Environment as economic threat: How sustainability redefines risk Environment as economic threat:
There Envirenment economic clear paths for most countries to achieve substantial reductions in greenhouse gas GHG emissions that can generate near-term macroeconomic payback.
If they prioritize the most efficient emissions reduction measures, taking the necessary Envirenment economic will actually accelerate, rather than slow, GDP growth for many countries.
All countries can generate economic gain by moving at least part of the way—even if they move unilaterally. BCG recently completed a study of the economically optimized paths for implementing climate change mitigation efforts in Germany.
For each country, we examined three scenarios: The next few chapters examine our main findings and their implications. Principal among our observations is that there are good economic as well as environmental reasons for many countries to step up their climate change mitigation efforts—starting now.
While the COP21 Paris Agreement uses emissions as a basis, a comparison with levels is more relevant for an action-oriented analysis. In this chapter on Germany, we indicate emissions reductions through with reference to both and For the rest of the report, we use as the base year.
In an unprecedented position paper, the Bundesverband der Deutschen Industrie BDI —the German Industry Association, which commissioned the study—united behind the core findings and demanded more systematic climate action by the German government. This is an ambitious goal, to say the least; for most sectors of the German economy, emissions would need to be eliminated entirely.
Nevertheless, achieving very substantial reductions is well within reach. Doing so would require the following changes: Available biomass should be concentrated in the industrial sector, replacing fossil fuels in process heat generation.
This level of investment will require accelerated grid expansion, more storage capacity mostly from batteriesand a flexible system integration of, for example, e-cars and heat pumps. Valuable because it can theoretically replace fossil fuels in all sectors of the economy.
Scarce because global supplies are limited and most countries do not have sufficient sustainably available volumes to do so. Today, most of the biomass used in energy production is consumed in three applications: This mix is inefficient, and to accelerate emissions reduction economically, it needs to change.
The more ambitious an emissions mitigation target that a country pursues, the more it should avoid using its biomass in applications that suffer further transformation losses such as third-generation biofuelsthat have technology alternatives such as space heating and water heatingor that use the resource inefficiently such as in power generation.
Biomass should be concentrated primarily in the industrial sector, where it can replace fossil fuels in process heat generation. Sustainable volumes do not diminish existing forest or create competition with food production and material use.
Algae-based biofuels and similar innovations could become interesting breakthroughs, but they are not yet mature enough to predict large-scale application.
Low-emission district heating could replace individual oil and gas heating in urban areas and heat pumps in less populated ones. In transportation, electric mobility would need to take over a large part of road transport— meaning battery power for passenger transport and light commercial vehicles and possibly electric overhead lines for trucks on major highways a GHG-reduction measure that is already in piloting but remains controversial.
To be sure, the investment required is substantial: When individual hardships are systematically mitigated, they would barely hurt the German economy as a whole. This estimate includes investments for current noneconomic measures.
That is, preventing industrial processes from simply moving abroad, often increasing global carbon emissions while unilaterally hurting the German economy. In addition to unpopular carbon capture and storage CCS for industrial processes, it will require significant amounts of expensive, imported synthetic fuels to eliminate emissions in power backup and high-temperature industrial heating power-to-gas and in shipping, air transportation, and the remaining non-electrified road transport power-to-liquid.
As of today, this will require either solid G20 consensus or alternative—as yet unidentified—technological innovations.
Developed nations must accelerate their decline in per capita emissions. Most developing countries, which continue to employ carbon-intensive technologies in their desire to catch up economically, need to change direction.
At the same time, the mobility and consumption patterns of their prosperous populations result in a high emissions footprint per capita. Under current policies, most developed nations are on a path to lower emissions, thanks to rising efficiency, more electric mobility, and gradual displacement of fossil fuels.
The lessons from Germany can largely apply to other European countries because most have comparable economic structures and similar, high levels of fuel importation. There are some key differences between European nations and other developed countries, however. In the US, with a larger land mass and a strong preference for larger cars, transportation is a much bigger source of emissions.Executive Orders Executive Order Regarding the Ocean Policy to Advance the Economic, Security, and Environmental Interests of the United States.
Nov 27, · "The environment is near the point of no return," Alex Wolf, an economist at Aberdeen Standard Investments, said in a recent research note. China's economy . Environment, Economy, Development, and Sustainability The Environment, Economy, Development and Sustainability (EEDS) major is a multi-disciplinary degree program that focuses on the human dimensions of sustainability.
Environmental Sustainability and Sustainable Growth: A Global Outlook Abstract This thesis examines the concept of environmental sustainability with a focus on global efforts to achieve this. The Bureau for Economic Growth, Education, and Environment (E3) provides technical leadership, research, and field support for worldwide activities in the areas of Economic Growth and Trade, Infrastructure and Engineering, Education, Environment and Global Climate Change, Water, and Gender Equality and Women’s Empowerment.
Jan 23, · The global environment and economic security are indelibly intertwined, with increasing greenhouse gases, environmental degradation and natural-resource depletion putting sustainable growth and existing business models at urbanagricultureinitiative.com World Economic Forum’s System Initiative on Shaping the Future of Environment and Natural Resource Security.