4 sustainability transitions set to gain traction in 2021
The buzz around sustainability has increased since the start around the pandemic. Industries and business models are trasinstion to cater to customers’ needs and demands. These shifts are driving the global population to give more importance to equality, sustainability, health and the environment.
- Smart cities and communities: Using renewable energy, multiple modes of transport, circular models, and low carbon emissions are some of the elements of a smart city. Dubai has aimed to make itself a bicycle friendly city and reduce carbon emissions by 16% in 2021.
- Digitalization: Advancements in AI and blockchain allows transparency and traceability through an organizations operation, which has grown increasingly important recents. The rise of the digital industry for software services, education, healthcare and finances saw a major rise in 2020.
- Ethical investing: According to a survey conducted by Arabian Business, 90% of investors are interested in sustainable investments, with 42% planning to invest 5-15% of their funds for such projects. The rise of women investors is growing as well, and you can read more about this on our series titles “Gender lens investing”.
- Youth engagement: The youth are the greatest asset we have. A study done by WEF (World Economic Forum) stated that 58% people aged 16-21 would invest and purchase products that are eco-friendly, even though they may be more expensive. Knowing the dangers that may be coming up soon in our world, the youth are working for climate action to limit climate change.