INAUGURAL SESSION OVERVIEW

 

We all need adaptation for future resilience.

​

1.  Speed of transition

Rising population poses tremendous stress on global resources.  We need to transition to a green economy but the concern is not just the transition, it is the speed of transition.

​

2.  Reset our expectation of what it means by living a good life

• Consume a lot less

• Learn to value things differently

 

3.  Climate Action

• Tremendous opportunity to lead and support maximised impact

• Sustainability team is a strategy team for a path of transition

• Net-zero by 2025; we need to track carbon impact 

​

4.  Financial levers

• Through bold and impactful choices, the financial section should think beyond the traditional sphere

• Expand investment in green and social and sustainable bonds globally

• Ensure it does not underwrite projects that do not have a credible transition plan in line with 2014 Paris agreement

​

5.  Partnership and collaboration

• Shared focus for greater impact

• Low-carbon economy and supply chain

• Business, government and public bodies must ensure their collective move to zero-C

​

6.  Younger generation

• Huge great ideas.  Not fully understand but are willing to come up with technical solutions

• They are convinced in green economy as they will inherit the current problems

• Provide them with a platform to discuss choices on how their lifestyles can and will change in the future 

​

7.  Leadership and talent

• There must be global actions

• The Zero-C targets must be achieved within a generation; we need to nurture the talent-pool across academia and business

• Provide workers with the skills needed to make the transition happen swiftly and export these skills globally

​

​

​

​RESPONSE FROM THE FINANCIAL SECTOR

​

1.  Values and clarity in financial investment

• Encourage social values in investment -- "saving to save the planet"

• Provide clarify of purpose to financial institutions

• Turn saving into an investment ecosystem

​

2.  A whole system and coherent investment chain:

• Connect financial sector, government and society to accelerate change 

• Work with future generations to align understanding and build trust

• Discuss both climate damaging investment and climate-change solutions

​

3.  Monitoring, reporting and disclosures:

• Track and rate investment outcomes;  disclosures mandatory for investment companies for investor's choices

• Government's annual budgets on the state of investment, progress and achievements against climate change targets;

• Create an open market-place discussion on rankings of ESG financial tools

​

​

​

RESPONSE FROM THE SCIENCE SECTOR

​

1.  Net-zero as a global challenge

• Everything can be de-carbonised and we need rapid decarbonisation

• Technically there is no problem 

• Problem is whether there is collective will to do it

​

2. Turning research solution to industry reality

• High carbon economy to transition to Zero-C economy

• From materials, to jobs and supply chain, put incentives in the right place but who should pay for the transition?

• Sourcing:  do we source from areas with growth exceeding consumption or the other way around?

​

3.  Policy for industry and community

• When the technology is ready, policy helps to scale

• Community is essential to defining the path for climate change as an economic threat

• Give political headroom for setting policy for the population

​

​

​

RESPONSE FROM CONCERNED CITIZEN

​

1.  Purpose and ethics

• We need to work together with a clear sense of purpose and ambition. 

• Most important is the ethics around these actions that meet the wider societal needs

• Challenge the status quo; implement ideas in an industrial level

​

2.  Information and communication

• With the right information and incentive, we can move into energy efficient and low carbon lifestyle

• Create spaces for dialogue across all levels

• Recalibrate the brain of young people and children from passive engagement with digital lives to active engagement that turns into contribution

​

3.  Mindset and behavioural change

• Psychology or transformation when activating change?

• Think global and act local

• What are the most important things to us?  Covid has opened up opportunities and proliferated ideas

​

​

 

THE ENGINEERING SOLUTIONS

​

Coming soon....

​

​

​

​

​

​

​

Source:  Adam Smith Panmure House

​

​

Tags:  Sustainability    /    Climate Change    /    Green Economy    /    Net-zero     

​

​

​

​