What if every person in India drove a car? What if all Chinese were to live in their own 3-bedroom house? At the sight of a prospering global economy, many people's trust in the future has been profoundly undermined, especially in the west. Unaware of the ethical paradox, this view grants a wasteful living standard only to the citizens of well-established economies. The old, bipolar world order kn...
In the last 150 years, three major trends have changed the way humanity consumes. First, industrialization shifted production from self-sufficiency to consumerism. Second, ongoing economic development allowed local economies to expand across entire countries, which was followed by globalization and worldwide markets. Globalization started with colonial powers trading goods between continents and has not yet achieved its peak, even if it has been more than 30 years now since China opened its markets. The third important development marking a substantial shift in the way we consume is telephone ...
Most firms are occupied with selling products and meeting payroll and feel they don't have time or aren't all that impassioned about "saving the world." However, ignoring sustainability is not really an option. So states Blair Gifford in the book "A Simple Path to Sustainability: Green Business Strategies for Small and Medium-Sized Businesses". Needless to say, I totally agree. Well, in order to be clear and precise, ignoring sustainability is of course an option, but it's a pretty silly one. Why? Because you miss enormous opportunities! As Wolfgang Wimmer, Kun-Mo Lee, Ferdinand Quella and Jo...
Costs to the environment, generated throughout your company's production process, can be assessed in different ways, just as its financial costs can be. One of these methods, probably the most convenient and yet a still exact one, is the carbon footprint. The carbon footprint concentrates on one environmental impact factor only - this factor is the climate related emission, measured in one unit, kilogram CO2-equivalent. As I illustrated in my article on the parallels of carbon footprinting with cost accounting, there are several advantages in connection with the use of a single score method...
Business Follows Nature! Do companies have a conscience to fight global warming? They should have, if we all want to limit the global mean temperature increase to 2 degrees Celsius above pre-industrial levels, scientists emphasize the need for cutting of global carbon dioxide emissions to 85 percent below 2000 levels by 2050. The question is not how to influence nature anymore, as it has been for several decades. The question is now how to reduce our influence on nature in order to be less influenced by natural disasters. These disasters will automatically become stronger and stronger, th...
The city of Seattle recently announced a new goal for 2050: Achieving complete carbon neutrality. What measures are taken? What other efforts are made globally, in order to achieve the objective of a 100% climate neutral city? In this article, I shed light on the initiatives towards a new, climate friendly urbanity. Seattle: 90% Greenhouse Gas Reduction in 2050 First of all, let's look at Seattle's definition of "carbon free". The city aims for a 90% reduction in greenhouse gases in 2050, compared to 2008 levels. Following a gradual approach to the timetable, we can expect a step by step red...