Giving Compass' Take:
- The Russian-led war in Ukraine is a catalyst for global action to pursue sustainability, as the war has significant implications for global energy markets, gas prices, and food supplies.
- What is the role of donors in helping improve sustainability efforts in the global economy?
- Read about the impact of the Russian-led war on food supplies.
What is Giving Compass?
We connect donors to learning resources and ways to support community-led solutions. Learn more about us.
For the past two years, the Covid-19 pandemic was what drove the projections and expectations for society and business. Now, the Russian-led war in Ukraine has become the force shaping our immediate future, with multiple knock-on effects on global energy markets, gas prices and food supplies.
The conflict has ushered countries to exploit domestic fossil fuel resources as a means of reducing reliance on Russian exports. At the same time, the war has also helped to ramp up the shift towards more efficient and cleaner energy supplies in order to move away from fossil fuels altogether.
It has also led to spiraling gas prices and a food crisis caused by disrupted supply chains, which will in turn influence how consumers choose to spend their money in the next twelve months.
At the wake of the conflict that has stirred markets, Eco-Business rounds up six trends that could influence global sustainability in 2023.
- Asia as a key supplier of fossil fuels
- Turning to Asia for minerals that stoke the world’s clean energy push
- Hi-tech agriculture, lab-grown meat and regenerative soil
- Consumer spending on more sustainable and flexible products
- Reconnecting with local businesses
- Travelers seeking socially and eco-conscious tourism
Read the full article about sustainability by Hannah Alcoseba Fernandez at Eco-Business.