Production of Service in the Education sector is indeed the teaching ideologies and resources that are critical to fighting climate change! Young people are more concerned about climate change and its effects on the planet than any other generation. Organizations and Governments are providing guidance and resources similar to the Net Zero Challenge, which is a project-based […]
Category: ESG
Net-0 Education
Degrowth vs Decoupling
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 […]
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 […]
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
The global economic system is conventionally built on a linear model of production and consumption, which is dependent on an unlimited supply of natural resources that can be extracted, processed and discarded. This model creates a significant amount of waste along the entire value chain with significant impacts for GHG emissions. For example, more than […]