Dear Valued Customers
As for almost every concept, there is also the demand and supply side of sustainability which is simply referring to the SCP – Sustainable Consumption and Production respectively. In this post, we will be exploring its supply side. In no uncertain terms we can state that the impacts of unsustainable industrial production and expanding agriculture undermine the very basis of most economies and negatively affect societies and the environment with the Ecological Footprint of some countries increasing by 250% over the last 50 years.
In fact, approaches such as RECP (Resource Efficiency and Cleaner Production), responsible and safer production, and D4S (Design for Sustainability) offer very practical solutions for improving resource efficiency and embedding preventive strategies at the company level. An appropriate combination of SCP policy instruments can create an enabling environment encouraging industry to transition towards sustainable production.
Eco-innovation entails the development and application of a sustainable business model throughout all business operations based on life cycle thinking and in cooperation with appropriate partners across the whole value chain. Sustainable decisions regarding water, waste, and energy infrastructure, can lock countries onto a low-carbon, resource-efficient path in the future. Energy efficiency measures are relatively easy to implement and can result in lasting benefits, such as: economic savings, increased competitiveness for companies, improved energy security, and reduced pollution.
Developing sustainable agriculture policies is also important as it requires the engagement of a large range of stakeholders all along the value chain. Sustainable agriculture can make a vital contribution to poverty eradication and food security.
There are a number of economic instruments too that can be employed by policy-makers to advance SCP, including: cap-and-trade, “polluter pays” taxes, a green fiscal reform (GFR), and subsidy reform.
See you soon.