Planet under Pressure

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The question is: How does this antifragile zone translate into concrete steps? We will start considering new forms of risk management whereby “total cost analysis,” which takes the liability of the entire value chain into account, becomes more relevant. This would, in consequence, honor circular “forms of economy,” where we look at our business not as a river, where everything downstream is depreciated and outsourced, but rather like a lake, where we need to take potential negative externalities into account. We will begin to decouple business from globalization and reach out to more local, regional, and national clients and supply chains instead of global ones. Multi-channel supply chains and more regional markets will become key. This process of “regionalization” already started after the 2008 financial crisis. Fifty percent of China’s trade is now with Asia itself, and 70 percent of the EU’s trading partners are other EU members. The same is true for the Americas. This trend will continue. In such a situation, where less efficiency and more resilience is required, we will look very carefully at the concentration and size of private businesses and ensure that they are not “too big to fail,” which would force the public sector and taxpayer to bail them out when the next crisis comes around. Instead, we will favor small but high-performing businesses (from SMEs to hidden champions). This could also include new forms of regulated credit default swaps that help private companies to better hedge their risks. Taking this argument one step further would mean that there will be a renaissance of governance, administration, and regulation. This should include a new mandate for monetary regulators (green Quantitative Easing, parallel digital currencies, sovereign green bonds), a new set of antitrust laws that guarantee fair market competition, higher quality, and lower prices, especially for the digital platform economy. This renaissance of governance and regulation will put the perverse subsidies of the agricultural sector on the table and set up a new form of political economic agenda, enabling and ensuring that system-relevant industries (healthcare, pharmaceuticals) and public affairs (research and education, public infrastructure) are properly regulated for the good of the citizens. Where digitization will further penetrate our daily lives, our work places, and our businesses as a whole, where millions of jobs will potentially become replaced by robots and automated industries, we need to reframe the social fabric in an intelligent manner by starting to provide an unconditional basic income. This would send the message that there are no more “useless” people, instead turning them into those “needed, wanted, and required” for a new age and a new society. In a more general sense, we will need to address the topic of commons and clarify what a private good and service is and what is better managed as a public good. Healthcare, education, and infrastructure are examples of the latter. This would include a shift in our energy sector away from the centralized fossil industry 20 Global Goals Yearbook 2020
RESILIENCE Where digitization will further penetrate our daily lives, our work places, and our businesses as a whole, where millions of jobs will potentially become replaced by robots and automated industries, we need to reframe the social fabric in an intelligent manner by starting to provide an unconditional basic income. toward more decentralized and regionalized renewables. Social entrepreneurship will gain momentum over Big Pharma, Big Banking, Big Farming, and Big Energy, where downsizing and rightsizing will generate a sense of “small is beautiful” that will become the new standard. This could even mean that we shift away from a more production-based economy toward a more care-based economy, where human-centered services (nursing, social work, cultural creatives) are honored and properly reimbursed. Any necessary production will be done by a robot anyway. This anti-fragile zone does not stop at the societal level, but includes new consumption patterns and lifestyle modifications on a personal level, too. There are countless examples, including traveling on public transport, riding a bike, becoming a vegetarian, being engaged in neighborhood activities, and so on. The following table summarize major changes in the corporate business model and in consumer behaviors to ensure the shift. This altogether will finally change our gravity of consciousness, where mindfulness, gratitude, humility and forgiveness will set the path toward a fairer, greener and more sustainable future. All this is not an easy task, but it will help us to better discriminate between the parallel, multiple worlds we are living in simultaneously that require different forms of responsibilities. We might conclude that instead of being observers and spectators, we already have become indispensable players who have the skin in the game. This is the planetary momentum we have right now to change the world. The four "Rs" Examples Risk assessment • Total cost analysis (TCA) • Taxonomy, Recording, Disclosure (ESC-criteria) • Regulated credit default swaps (CDS) Regionalization Regulation • Decentralized energy supply and business value chains • From production-based to care-based economy • Circular economy • Decoupling business from globalization • Small is beautiful • Renaissance of governance (taxation, surveillance, stress tests) • Redefining the commons (healthcare; education, environment) • New social fabric addressing digitalization (unconditioned income) • Extended central bank mandate (green QE, parallel currencies, CBDC) • Avoiding ‚ "Too big to fail" (anti-trust laws) Reshaping behavior • Individual mobility • Diet preferences • Housing and living The four "Rs": risk assessments, regionalization, regulation, and reshaping individual behavior Global Goals Yearbook 2020 21
Page 1 and 2: GLOBAL GOALS GLOBAL GOALS YEARBOOK
Page 3 and 4: H.E. António Guterres The Covid-19
Page 5 and 6: 26 Interview with EU Commissioner P
Page 7 and 8: JULY High-level Political Forum, in
Page 9 and 10: OCTOBER UN Biodiversity Conference
Page 11 and 12: RESILIENCE Resilience in the Time o
Page 13 and 14: RESILIENCE THE DISCOURSE ON VULNERA
Page 15 and 16: RESILIENCE How does resilience work
Page 17 and 18: The Planetary Momentum RESILIENCE A
Page 19: RESILIENCE Degrees of globalization
Page 23 and 24: RESILIENCE Professor Rosa, in your
Page 25 and 26: RESILIENCE since we’re no longer
Page 27 and 28: POLITICAL LESSONS The EU RECOVERY a
Page 29 and 30: POLITICAL LESSONS sustainability is
Page 31 and 32: POLITICAL LESSONS health, economic,
Page 33 and 34: POLITICAL LESSONS 2. situation to l
Page 35 and 36: POLITICAL LESSONS 8. The empowermen
Page 37 and 38: POLITICAL LESSONS Several months ag
Page 39 and 40: POLITICAL LESSONS share the mineral
Page 41 and 42: ered it unfair for Indonesia to sub
Page 43 and 44: ECONOMIC LESSONS The world as we kn
Page 45 and 46: ECONOMIC LESSONS mal, and the whole
Page 47 and 48: ECONOMIC LESSONS with funding going
Page 49 and 50: ECONOMIC LESSONS We are going to do
Page 51 and 52: ECONOMIC LESSONS Prior to the pande
Page 53 and 54: ECONOMIC LESSONS Case in point: In
Page 55 and 56: ECONOMIC LESSONS 2. System crash: P
Page 57 and 58: ECONOMIC LESSONS Impact Map for Sce
Page 59 and 60: ECOLOGICAL LESSONS 1 out of 4 amphi
Page 61 and 62: ECOLOGICAL LESSONS Mayibout 2 is no
Page 63 and 64: ECOLOGICAL LESSONS “We cut the tr
Page 65 and 66: ECOLOGICAL LESSONS Brian Bird, a re
Page 67 and 68: ECOLOGICAL LESSONS There comes a po
Page 69 and 70: uilt Columbia Maryland, which was t
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Global Goals Yearbook 2020 71
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ECOLOGICAL LESSONS What determines
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ECOLOGICAL LESSONS its head? The sa
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GOOD PRACTICE 84 Bayer 86 Beaulieu
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Having our customers are at the hea
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hand, the manufacturing process mus
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with an initial capacity that enabl
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tecting the harvest. In another pio
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and usage, an extra component such
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of 2020, 100 percent carbon neutral
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www.business-keeper.com health and
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Building upon our commitment to the
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edge on the main recycling pathways
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ACCELERATION IN DEVELOPMENT OF RENE
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several ways. It can reduce the req
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heat must be cooled, which itself i
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they could cope with immobilization
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At Inditex, we focus on our clients
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system in a controlled manner, virt
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GOOD PRACTICE 118 macondo foundatio
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and procuring renewable energies at
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ainfall collected brine solution co
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Crowdsourcing discovers the “wisd
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from its supply chain - by 30 perce
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as well as questions of good corpor
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4. You are responsible for a) ESG t
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a significant reduction in CO 2 emi
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engaged in this fight, the company
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SUSTAINABLE CONCEPTS FOR HEAT ENGIN
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tion model, farmers have a sustaina
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national and local governments, inc
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than in winter. This also pushes CO
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produce solutions to problems of pe
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tially the same - reduces the abili
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The Asian pogonia The Japanese snip
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policymakers as well as leading org
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Symrise contributes to the followin
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INNOVATION IN CLIMATE PROTECTION 05
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The new Wilopark of all electricity
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REVIEW Only ten years remain to imp
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REVIEW Global Goals Yearbook 2020 1
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REVIEW Another very successful work
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REVIEW Global Goals Yearbook 2020 1
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REVIEW About the Global Goals Forum
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The United Nations Environment Prog
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CDP is a not-for-profit charity tha
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GLOBAL GOALS YEARBOOK
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