![]() Specifically, this means the public sector must, for example, provide finance and infrastructure to implement a circular economy. It needs to design a regulatory environment that supports the efforts of the private economy and, ideally, spurs it on as a kind of catalyst. The public sector plays a decisive role in greening the private economy. A circular economy is good for the climate too: large volumes of emissions can be saved if raw materials and goods are recycled and reused as input for production instead of being thrown away. To avoid over-reliance on these rare resources, we must abandon the predominant, linear economy and embrace a circular economy. Rare earth elements are required to manufacture batteries, solar panels and wind turbines. Wind and solar energy are the most important renewable energy sources of the future. Government measures aimed at promoting renewable energies add a competitive dimension. The Swiss Federal Office of Energy’s Energy Strategy 2050 is aimed at reducing consumption on the one hand and increasing the share of renewable energy on the other. The energy crisis is compounding the problem. To cover the growing energy requirements, RES capacities need to be increased and their efficiency improved, especially given the current geopolitical situation. Circular economy reduces waste and dependenciesĬontinued global population growth and increasing prosperity are also drivers of emissions and climate change. Sectors that are more heavily impacted by the aging population, such as care, hope to increasingly benefit from this. Artificial intelligence and robots are becoming more sophisticated. Another approach lies in the increasing automation of the job market. Public administrations need to seek out ways to skillfully integrate migrants in the job market as a measure to - at least partially - address the shortage of labor. The government must, where necessary, intervene and mitigate the risks of megatrends on society, the climate, the economy, technologies and innovations, as well as politics by imposing regulations. This is the only way it can fully leverage the opportunities of megatrends for the benefit of its citizens, for example, with economic incentives or political initiatives. To harness these megatrends, the public sector must establish optimal conditions for its citizens and create a fertile environment. New industries emerge, for example, from the transition to a green economy, which creates jobs and helps secure long-term prosperity. Climate change is a threat multiplier for crops, habitats and biodiversity and increasing technologization generates ever growing volumes of personal data, leaving it open to misuse. On the one hand, it can be a challenge just to survive in this age of rapid change – megatrends also have many negative sides. Megatrends – challenges and opportunities ![]() ![]() Industrial societies are aging, climate change is becoming more urgent and new political values are growing in popularity. At the same time, economic power is continuously shifting with new emerging economies putting pressure on established economies. ![]() Technological advancements and innovations are daily occurrences. We live in an age in which megatrends such as digitalization and globalization are rapidly changing the world around us. The only constant in life is change – this ancient wisdom of the Greek philosopher Heraclitus dating back over 2500 years is more relevant today than ever before.
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