A Vision for Sustainability

Representing

A Definition of Sustainability:The ability to maintain stable economic, well-

distributed economic growth without devouring natural resources.

Comment to group:In the lecture notes, it says that we should be able to define sustainability in our

terms. Not sure if we need to define it in the presentation. Maybe we can discuss if we

need to do it on Monday morning.

3E

• Economics• Energy• Employment

A Vision for Economic Sustainability

Vision 1

“ In the 19th century, we were making money with money, in the 21st century, I believe and hope that we will use values to create value” - Oliver Le Grand , Chairman of the Board of Cortal (a subsidiary of BNP Paribas)

By 2050, to have inward-looking foreign investments increase by 40%.

Implications for …

EmploymentEnergy

Increase in renewable energy

technology transfer

Increase of companies in

ASEAN region – lead to more jobs

A Vision for Economic Sustainability

Indicators:• Percentage of foreign companies seeking to enter the local market.

• Percentage of service sector contribution to the ASEAN GDP.

What does inward-looking foreign

investment mean?

Results in local skill development

Results in technology

transfer

Why are these good indicators?

Foreign companies that want to enter the local market

usually have to foster ties with local companies. This promotes transfer of

knowledge and technology.

With an increase in knowledge and technology, ASEAN

economies should shift from agriculture/manufacturing to

service – eg. finances, engineering expertise.

Imbalance

0

100

200

300

400

500

600

700

800

1980 1990 2000 2009 2015 2025

Popu

lati

on [

mill

ion]

Note:Total population, by the World Bank

ASEAN Population

Prediction

Actual data

A Vision for Energy Sustainability

Energy available to everyone on the planet and to the future generation

Vision:

Demand Supply

Population explosion Fossil fuel depletion

Demand

A Vision for Energy Sustainability

Indicators:

1.Percentage of renewable energy to the total electric power supply

2.The GDP per energy consumption.

How can we eliminate the energy imbalance?

2.Efficiency1.Renewable

energy

Why are these good indicators?

Renewable energy such as sunlight and wind power has an infinite capacity. So the

more renewable energy we use, the longer it takes to run

out of fossil fuels.

Developed countries have used an enormous amount of energy to achieve economic growth. If energy efficiency

improves, developing countries can also realize

sustained economic growth.

Vision for Employment Sustainability

• Vision• More jobs will gradually shift to developing countries

from developed countries. Basically, developed countries will have high unemployment problem. Those countries are trying to create new kind of job which is from the energy development.

Developed Countries

Developing Countries

More Investments on Energy

Create more Jobs

&Better

Economy

Create more Jobson

Energy

A Vision for Employment Sustainability

Indicators:

1. Unemployment rates

2. Income per capita

3. Number of people under poverty line

How can we measure the wealth of citizens

IncomeEmployment

Rate

Why are these good indicators?

A lower unemployment rate translates into more employed individuals with paychecks, which leads to

higher consumer spending, economic growth and potential inflationary pressures. Conversely, high levels of unemployment are connected with lower

incomes, lower spending, and economic stagnation.

Per capita income is often used as a measure of the wealth of a nation,

particularly when comparing countries with substantially different levels of

wealth.

Using only Income per capita will not always be correct if there’s a huge gap

between the rich and the poor.