The high Turkish business affiliation alongside a analysis basis unveiled a complete report on Wednesday emphasizing the significance of stopping waste and utilizing assets extra successfully for sustainable financial growth.
The Independent Industrialists’ and Businessmen’s Association (MÜSIAD) and the International Foundation for Technology, Economic and Social Research (UTESAV) launched the report dubbed “From Consumption Economy to Economy of Modesty – Sustainable Economy Report,” which significantly addresses the destructive results of extreme consumption traits on the particular person and family ranges on the financial system and the surroundings.
In this course of, the report identifies the roles of all financial actors, dividing them into three essential classes: people, corporations and authorities establishments.
Recommendations within the report embrace lowering meals waste, selling good dwelling applied sciences and controlling family consumption in areas comparable to power utilization.
At the identical time, the report additionally highlights the necessity for the actual sector to transition to a round financial system mannequin by stopping useful resource waste. It equally factors to steps in areas like waste administration, power effectivity and recycling that won’t solely cut back prices for corporations but additionally reduce environmental affect.
It additionally delves into the function of the federal government within the financial system, offering solutions for planning public spending and implementing inexperienced insurance policies whereas sustaining sturdy competitors on the international degree.
Speaking on the report analysis assembly, MÜSIAD President Mahmut Asmalı mentioned what they meant by the Turkish time period “kanaat ekonomisi,” which could be defined as a extra aware financial mannequin, based mostly on wants and effectivity was not a scenario the place investments and progress have been curbed, however fairly a spot the place sustainable financial growth was achieved.
“This approach aims to maintain Türkiye’s competitive advantage against its competitors in the global arena. The transition of the real sector to a circular economy model is a critical step to prevent waste and use resources more efficiently,” he mentioned.
Citing findings from the report and mentioning that one of the crucial concrete examples of extreme consumption is meals waste, he mentioned 20% of the meals produced globally is wasted, and this loss has an annual financial worth of $1 trillion.
UTESAV President Ahmet Doğan Alperen, as a part of his remarks, drew consideration to the truth that assets are “limited,” including, “We all must take responsibility to leave a more livable world for our children.” He identified the results of social media content material on consumption and fixed publicity to promoting, which impacts individuals’s unconscious and “manipulating perception of personal needs.”
The editor and creator of the report, professor Nurullah Gür, additionally emphasised that financial savings and environment friendly use of assets needs to be addressed with a collective, holistic strategy.
Speaking on the assembly, Gür touched upon the theoretical foundations of the report, stating that whereas assets world wide are ample for individuals’s lives, greed and inefficient consumption choices have rendered these assets inadequate.
“Understanding the balance between limited resources and unlimited needs taught in economics is of critical importance for economic actors to make conscious decisions,” he mentioned.
Gür emphasised that there are two fundamental keys to sustainable growth: saving and environment friendly use of assets. “We need to focus on how we can create a system where sustainable growth and resources are used in the right way without shrinking the economy,” he concluded.
Source: www.dailysabah.com