Tackling climate change is an increasingly urgent need. According to the latest report of the United Nations Intergovernmental Panel on Climate Change (IPCC), everything points to the fact that, by the year 2100, life as we know it will have changed radically because of rising global temperatures, rising sea levels and melting ice at the poles.
Avoiding this scenario is in everyone's hands and the first step towards achieving it is to change our production and consumption model to a more sustainable one that leads to a positive environmental impact. The set of measures to implement this change in economic model is known as the green transition.
The green transition refers to the period of time between now, when our way of life is unsustainable in the long term, and the time when our activity will not endanger the health of the planet. Today, we are at the beginning of this transition, with governments, organisations, companies and individuals taking action to reach the goal of sustainability as quickly as possible.
The Paris Agreement and the 2030 Agenda for Sustainable Development is among the initiatives that the UN, together with all member states, have launched to try to curb the effects of climate change. The main goal is to significantly reduce global greenhouse gas emissions and to limit the temperature increase to 1.5 °C.
To achieve this, both companies and governments, as well as individuals, must design solutions that mitigate the environmental footprint and promote the well-being of the planet. The good news is that these measures are already underway.
Moving towards an economy based on sustainability is the only way forward, and finding ways to make this possible is everyone's responsibility, but it is primarily governments and businesses that have the greatest ability to take action in driving these solutions forward.
Meeting the Sustainable Development Goals (SDGs) of the 2030 Agenda is the first step towards achieving this. The United Nations-led initiative was launched in 2015 as a follow-up to the previous phase, known as the Millennium Development Goals (MDGs). This manifesto sets out 17 goals and 169 targets that the 193 member states of the UN have pledged to achieve in order to end global inequality, improve the Earth’s health, and, ultimately, make our planet a better place for all living things.
Minimising the use of coal, oil, natural gas or any other form of fossil fuel is undoubtedly one of the most important points. In exchange, the use of renewable energies should be boosted: solar, wind, tidal, hydro, biomass, etc. In short, using clean energy and improving energy efficiency, as well as ensuring universal access to it.
Technological modernisation, innovation and diversification must be the basis of any business model. Governments and companies in all sectors should seek to link their economic growth to environmental protection and responsible consumption of natural resources. It is equally necessary to promote the circular economy and the reuse of available materials in order to minimise the use of such resources.
Developing reliable, resilient, sustainable and high-quality infrastructures is essential for achieving an economic model based on environmental well-being. To this end, governments and banks must provide access to subsidies and affordable credit to enable small and medium-sized enterprises to upgrade their infrastructures to make them sustainable.
Investment in research, development and innovation (R&D&I) must be focused on building new sustainable solutions to make an economy based on protecting the planet and people, without disregarding economic profitability. Much of the hope for the success of the green transition rests on R&D&I, so boosting private and public investment in this area is essential.
Ensuring the sustainability of food production and encouraging responsible food consumption is clearly vital. To achieve this, it is not only necessary to change our eating habits, but also to promote a change in agricultural and livestock production, as well as to increase investment in rural infrastructure and technological development.
The World Health Organisation (WHO) warns that 9 out of 10 people in the world breathe polluted air. Activities in cities account for 60% of global GDP, but also 70% of carbon emissions and 60% of use of polluting resources. Changing these numbers is a priority, but not an easy task. The solution lies in better population distribution, sustainable and inclusive urbanisation, implementing policies to mitigate the effects of climate change, reduce environmental impact per capita and safeguard natural heritage.
Building a green future involves moving away from indiscriminate production and consumption towards sustainable production and consumption. Here are just a few of the many figures that need to be reversed:
The oceans are also suffering from the consequences of human activity. The polluting waste that finds its way into our seas and oceans is seriously harming them. Protecting them is particularly important, as the seas and oceans absorb 30% of the CO2 we produce. A major goal for the future is to reduce marine pollution, care for coastal areas, protect biodiversity and restore the health of the oceans, as well as to stop destructive fishing activities.
Our forests and the animals that live in them are dying. Preserving and restoring land ecosystems is vital for our planet. Ending deforestation, promoting sustainable management of the resources they provide and taking urgent action to protect all animal species are among the main objectives.
Companies around the world are already implementing a range of initiatives to meet the SDGs. Here are some encouraging examples:
Making the green transition a reality is everyone's responsibility, both personally and at work. It is true that governments and large companies must be the main driving force behind this change in the economic model, but small and medium-sized enterprises, as well as self-employed professionals, have a fundamental role to play.
A great example of this are the green business ventures of different sizes that are being carried out around the world, which show, once again, that building a sustainable economic model is not a utopia and that it is not necessary to have a large fortune to carry out green business models.
Developing a low-carbon and sustainable economic model is a fundamental goal for the future of the planet and it can be achieved through the development of innovative projects.
At Banco Santander, we are fully committed to this green economic transition. That is why we are launching the Santander X Environmental Challenge, a global challenge that rewards entrepreneurs with innovative ideas to build a more sustainable future.
Santander X Environmental Challenge is aimed at entrepreneurs who are developing solutions for a sustainable future and creating innovative proposals with the potential to make a positive impact on the environment. Companies joining this new challenge can sign up for one of the two categories available:
The six winners will each receive 20,000 euros, mentoring from a group of experts and publicity for the projects on the Santander Group's social media and official channels.
If you have a sustainable, innovative project that can be part of the green transition, Santander X Environmental Challenge is looking for entrepreneurs like you, who are committed to the future of our planet. Don't hesitate a second longer and sign up now.