Global Cooperation – In Short
In 2050 the commitment to global cooperation is strong with the vast majority of countries recognising the importance of coordinated action for resource efficiency and decarbonisation. This is spearheaded by an agreement on climate change. EU- and non-EU countries reduce their GHG emissions in a way that allows restricting global warming to 2 degrees. A mix of policy instruments is implemented all over the world, which can be characterised as “everything but hard market interventions”. That does not exclude economic instruments completely, but those requiring strong administrative interventions are avoided.
The transition to a resource-efficient and low-carbon economy is triggered by significant innovations. Incentives are in place so that the private sector invests more in research and innovation on resource efficiency. The companies that dominate the market in Global Cooperation are large, global and influential. NGOs and civil society are key actors in the move to a resource efficient and decarbonised economy in Europe and worldwide. They operate in partnership with corporations, governments and international institutions to ensure accountability and delivery of the initiatives put in place.
Lifestyles and preferences are largely shaped by those structures and systems and are largely led by external price signals. High levels of technological advancement in resource efficiency driven by international standards that allow for more consistent standards of living and ease the pressure of resource use despite continued consumerism. International standards on products ensure that the price of goods reflect their cost in environmental, humanitarian and resource terms.