Green Economics is about doing business in new ways and changing business models to meet market demands of the emerging global circular economy. The following UN Case Study: Product Lifetime Extension: Caterpillar, how Caterpillar’s business model of re-manufacturing highlights the benefits to their customers, for its business and the environment. Also how the remanufacturing process can provide solutions that contribute to more sustainable production and consumption models.
This case study presents a successful business strategy to extend products lifetime. The aim with of this case study is to inspire and encourage organizations to shift to more circular models, to improve their business models towards prolonging or extending a product’s lifetime.
The new NDC aims to see 45 percent of the total area of the country under forest cover, pledging to stop deforestation of the Chure range.
Each year, usually between June and September, the annual summer monsoon sweeps across the southern plains of Nepal from the Bay of Bengal. Communities welcome the daily downpours, filling as they do the rivers and countryside and drenching the region’s thirsty rice paddies and vegetable crops.
The monsoon, however, can be a blessing or a curse. Too little rain, or too late, can leave crops ruined. Too much rain can see rivers overflow and mountain slopes collapse under the weight of the water.
In 2017, it was a case of too much, from east to the west of the country. In some areas, 17 inches of rain fell in just eight hours. Around 1.7 million people were affected, with 460,000 displaced from their homes, many with nowhere to go. Those most affected were poor, smallholder farmers.
An international response was mobilized, but the damage was great, with losses estimated at US$585 million and recovery needs at $705 million.
Sylvia tends to her goats. Photo: UNDP/Belinda Zimba
Responding to the climate crisis in Zambia, the Government has joined a UN coalition led by UNDP, FAO and WFP in a GCF-funded project to help women turn goat rearing into economic fortune.
Sylvia Chiinda lives on the edge of desperation. Her husband died a few years ago, leaving her with no savings or possessions. It was a crushing blow for the mother of seven.
To make matters worse, Zambia has seen a rise in more frequent and intense floods, recurrent droughts and other climate risks, that have reduced yields for farmers like Sylvia, putting lives and livelihoods in the crosshairs.
With her maize and groundnut farm production dwindling, Sylvia was forced to find an alternative income to keep her family afloat.
“Something has to be done to tackle the environmental problems caused by climate change, desertification and population growth,” says Barkissa from an Acacia field just outside the city of Djibo in Burkina Faso’s northern Sahel region.
Barkissa, a 30-year old microbiologist at Burkina Faso’s Institute for Environmental and Agricultural Research (INERA), is particularly interested in the role of micro-organisms in solving these problems.
Take the example of nitrogen fixation, she says. There are bacteria capable of transforming nitrogen gas in the air into nitrogen compounds that can be used by plants as a natural fertiliser. Some of these bacteria are symbiotic: they enter a plant through its roots and make nitrogen available for the host plant to grow.
A Greener, Cleaner, Brighter Future
Climate change is affecting every country on every continent. It is disrupting national economies and affecting lives. Weather patterns are changing, sea levels are rising, and weather events are becoming more extreme.
Although greenhouse gas emissions are projected to drop about 6 per cent in 2020 due to travel bans and economic slowdowns resulting from the COVID-19 pandemic, this improvement is only temporary. Climate change is not on pause. Once the global economy begins to recover from the pandemic, emissions are expected to return to higher levels.
As the world looks to recover and rebuild from the COVID-19 pandemic, there is growing global recognition that the catalyst for transformational change is investment in a green and sustainable global economy that produces jobs, reduces emissions, and builds resilience to climate impacts.