What does the world need to achieve sustainable, inclusive growth? - Business-led innovation is one of the factors could help close the empowerment and sustainability gaps
. The topics on the agenda revolved around three interconnected goals: sustainability, inclusion and economic growth.
To estimate the scope of the challenges ahead, we examined two crucially important indicators. First, we measured the sustainability gap, which is the additional investment in low-emissions technologies that every country must make to achieve net-zero emissions by 2050. — the amount of carbon dioxide it can emit without triggering dangerous levels of global warming — by 2030, there is little time left to make critical investments.
Economic growth could help us reach both goals. Governments could spend some of the income from growth to bring poorer households into the global middle class, while allocating some of it to build green infrastructure.suggests that growth alone will not be able to close the sustainability and empowerment gaps.
To close these gaps, economic growth would have to be bolstered by additional forces. Business-led innovation, for starters, could alter the current growth model in ways that are more oriented to inclusion and sustainability. At the same time, when accompanied by strategies and public policies that enable education, training, childcare, healthcare and inclusive hiring, business-led innovation could help close the empowerment gap by boosting workers’ incomes.
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