Our current economic system has failed to value nature.We need a new economic model: a circular bioeconomy.As part of his Sustainable Markets Initiative, HRH The Prince of Wales establishes Circular Bioeconomy Alliance to accelerate transformation to climate- and nature-positive economy. There is no future for business as usual. Our current economic system, which arguably has succeeded in creating unprecedented economic output, wealth and human w...

Airbus has unveiled three visual concepts for "zero-emission" airplanes to be powered by hydrogen.Unlike normal planes, these will burn liquid hydrogen stored in the rear fuselage.The project faces some challenges - such as finding ways to safely store volatile liquid hydrogen during flight at very cold temperatures. Airbus has unveiled three visual concepts for "zero emission" airplanes to be powered by hydrogen. It is the planemaker's latest ef...

Ships are responsible for roughly 3% of global CO2 and GHG emissions (CO2-eq), emitting approximately 1 billion tonnes of CO2 and GHGs per year, according to the data from 2007 to 2012. Yet the total emissions from international shipping could go up due to the growth of the world maritime trade.To mitigate the shipping industry's carbon footprint, the International Maritime Organization ("IMO"), as the United Nations specialized agency with respo...

The Future of Nature and Business, the second of three reports in the World Economic Forum's New Nature Economy series, provides the practical insights needed to take leadership in shifting towards a much needed nature-positive economy. As the world prepares to recover from the COVID-19 pandemic and resulting crisis, we are presented with an unprecedented clarion call, and opportunity, to change the way we eat, live, grow, build and power our liv...

How can we fight the Coronavirus, manage the threat of another financial crisis, and at the same time tackle climate change? Will there be enough capital to deal with them? An appeal to policy makers to give a strong green emphasis to all Covid-19 emergency funds, introduce a floor to the carbon price, give basic income to all and go full speed with the Circular Economy Action Plan (CEAP). The current Corona crisis has an impact on our lives that...

The coronavirus crisis offers an opportunity to reshape our economies and implement stakeholder capitalism.The Forum endorses six Stakeholder Principles for the COVID era.Governments have the "upper hand" and can take the lead on reforming capitalism. The COVID-19 pandemic is not only a public health crisis that is costing lives and pushing national healthcare systems to the brink across the globe. It also an economic crisis - and one that could ...

Economist Mariana Mazzucato believes that the COVID-19 pandemic will shine light onto societal and economic systems all across the world, exposing some of the flaws of a capitalist society.She says it is also likely to change the way we view work, especially in regard to the gig economy and workers' rights. This triple crisis has revealed several problems with how we do capitalism, all of which must be solved at the same time that we address the ...

As the number of COVID-19 cases in China falls, it is also recovering from the effects on industry.Companies have been exploring creative ways to restart global supply chains.More work is needed to ensure long-term resilience. China seems to be seeing the light at the end of the tunnel of fighting the COVID-19 outbreak domestically. Last week the country reported no new cases of coronavirus for the first time since the outbreak began, and people ...

If recent television shows are anything to go by, we're a little concerned about the consequences of technological development. Dystopian narratives abound. Black Mirror projects the negative consequences of social media, while artificial intelligence turns rogue in The 100 and Better Than Us. The potential extinction of the human race is up for grabs in Travellers, and Altered Carbon frets over the separation of human consciousness from the body...

A small boost in microlending to the developing world could lift more than 10.5 million people out of extreme poverty. That's one conclusion of my study, published last month in The B.E. Journal of Macroeconomics, which found that microfinance not only reduces how many households live in poverty but also how poor they are. Currently, 836 million people – or 12% of the world's population – experience extreme poverty, living off less than US$1.25 a...