The changing climate presents a business growth opportunity that could be worth as much as $26 trillion. It’s not the melting polar ice caps that will provide the foundation of this chance at scalability.
It is a shift to a low-carbon economy in five critical areas that could provide this new bounty of financial benefits. Over 65 million new jobs are at stake.
It’s not just the big companies that can find opportunities for success with climate change. Smaller brands like NOW foods, Integrative Therapeutics, or Terry Naturally can push to new heights using these five structures.
How Future Corporate Growth Will Occur
Tomorrow’s business leaders must institute sustainable economic growth models today. This work must include the following elements if the efforts have a chance to find success.
1. Clean Energy Systems Must be a Priority
Businesses must find ways to continue a transition away from fossil fuels. The use of digital technology and renewables through decentralized systems will create a cleaner and cheaper economy.
2. Intelligent Urban Development Must Occur
When cities can become more connected and compact with their infrastructure, then the monetary savings in logistics could stimulate trillions of dollars of activity. It will also create better access to housing, employment, and basic needs.
3. Water Management Must Become Smarter
Our water resources are the most critical element of a future world trying to manage climate change. We must improve sanitation processes, reduce consumption in agricultural sectors, and prioritize resource allocation to maximize benefits.
4. Recycling and Restoration Will be Essential in the Future
Our current system of consumption involves taking raw materials, making something from them, and then wasting it afterward. The economy must focus on recycling efforts that include restoration, repurposing, and reuse. A circular industrial economy will drive innovation without sacrificing economic gains.
5. Land Use Must Become More Sustainable
Instead of cutting down forests for more farms, we must work to improve production levels with what we already use. The planet already has the capability of producing enough food for everyone’s future daily needs. If we reduce waste and loss, then we’ll create a nexus of solutions that will help us grow like never before.
Change can be a scary process. When businesses have a plan for the future, then impressive results become possible. Following these five points of emphasis will help companies of any size carve out a profitable place in tomorrow’s economy.
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