When it comes to making widescale and systematic changes, having a sustainable financing model will be crucial. A perfect example of this is using taxation methods such as carbon pricing to force big polluter industries and corporations to change their ways and become more sustainable in their operational methods.
By increasing the price of fossil fuel usage while simultaneously growing the availability of alternative, less-harmful fuel sources, national and international governing bodies such as the EU can force a shift towards carbon neutrality.
Another important solution is to implement a circular economy. This form of economic system is essentially one where all levels in the process of production and consumption of goods are connected by closed loops (hence circular), where attempts are made to limit waste and pollution to as much as can be done. These attempts involve recycling, reusing and repairing the materials and products used within the economy to get the most out of them. Although, a crucial element of this is also workers rights.
Currently, workers rights are at an unacceptable level in many aspects of the circular economy. For example, there are many instances of child labour and a considerable risk of harm to workers involved in repairing and recycling goods around the world. These workers and their rights to decent and respectable living standards and work conditions cannot be forgotten about when pursuing environmental protection.
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Doconomy, a partner of the UNFCCC, is a world-leading provider of applied impact solutions.
Doconomy wants to future-proof life on planet earth by empowering individuals and corporations to take responsibility for their environmental footprint — firmly believing that the climate crisis can only be solved as a collective.
