We have analysed examples of decoupling economic growth and resource consumption. These innovations are designed to reduce the negative environmental impacts of growth and increase business competitiveness by capturing lost value. Considering these aims, the difference between relative and absolute decoupling is significant. Do you believe that absolute decoupling is possible? Consider what the challenges […]
Author: hahamama
Can large scale economic growth be based on declined natural resource consumption?
The decoupling theory An alternative to the degrowth theory is the suggestion that decarbonisation should not be seen as incompatible with economic growth (Hepburn & Bowen, 2013). The theory of decoupling suggests that economic growth can be separated from the use of resources and adverse environmental impacts (UNEP, 2011). In other words, it would be possible for […]
Innovation – References
Arrow, K.J. 1962. The economic implications of learning by doing. The Review of Economic Studies. 29(3):155-173. DOI: https://doi.org/10.2307/2295952. Bessant, J.R. & Tidd, J. 2013. Managing innovation: integrating technological, market and organizational change. 5th ed. Oxford: John Wiley & Sons Inc. Boyd, R., Green, F. & Stern, N. 2015. The road to Paris and beyond. (Policy paper 31/8/15). Centre […]
The dynamic nature of innovation
https://www.mckinsey.com/capabilities/strategy-and-corporate-finance/our-insights/the-eight-essentials-of-innovation We have seen how a combination of strong international agreements, national climate-related laws and changing societal expectations are accelerating the global transition towards net zero. As businesses and policymakers are introducing new policies and innovative products, technologies or business models, these in turn give rise to further innovations. This reinforcing feedback mechanism is an important feature […]
Innovation matrix
One way to categorise different types of innovation is by using the innovation matrix, which describes the impact of innovation along two dimensions: market and technology (Kylliäinen, 2019). Table 1 shows the basic innovation matrix including the four different types of innovations. Table 1: Innovation matrix (adapted from: Kylliäinen, 2019). Technological innovation Technological innovation Existing New Low […]
Circular Economy Reference
Ahrend. n.d. Sustainability. Available: https://www.ahrend.com/en/about-ahrend/sustainability/ [2020, December 17]. Barter, P. 2013. “Cars are parked 95% of the time”. Let’s check! Available: https://www.reinventingparking.org/2013/02/cars-are-parked-95-of-time-lets-check.html [2021, January 7]. Bennett Institute for Public Policy. n.d. The wealth economy: social and natural capital. Available: https://www.bennettinstitute.cam.ac.uk/research/research-projects/wealth-economy-social-and-natural-capital/ [2020, September 29]. Demaria, F. 2018. Why economic growth is not compatible with environmental sustainability. Available: https://degrowth.org/2018/04/02/why-economic-growth-is-not-compatible-with-environmental-sustainability/ [2021, February 22]. Ellen […]