• Energy and resource consumption
Article:

BDO INTERNATIONAL BUSINESS COMPASS 2018

24 July 2018

Over the last few decades, global energy and resource consumption has been growing almost continuously. There are many factors indi-cating that this trend will continue in the future.

Unrestricted popu-lation growth, the economic catch-up process in which emerging and developing countries are engaged, combined with the increasing need for mobility brought about by globalisation, are among the first such factors to come to mind. On the other hand, there is also a growing awareness of the consequences of the increasing scarcity of physically limited resources and of the resulting climatic and environmental dam-age.

Despite promising signals such as, most recently, the conclusion of the Paris Climate Accords, the process of balancing economic growth with environmental concerns is currently still in its infancy. The quest for sustainability, understood here as the combination of economic growth and ecological objectives, remains one of the greatest challenges of our age.