1. A Vision for Sustainability Representing

2. A Definition of Sustainability: The ability to maintain stable economic, well- distributed economic growth without devouring natural resources. Comment to group: In the lecture notes, it says that we should be able to define sustainability in our terms. Not sure if we need to define it in the presentation. Maybe we can discuss if we need to do it on Monday morning.

3. 3E Economics Energy Employment

4. A Vision for Economic Sustainability Vision 1 “ In the 19th century, we were making money with money, in the 21st century, I believe and hope that we will use values to create value” - Oliver Le Grand, Chairman of the Board of Cortal (a subsidiary of BNP Paribas) By 2050, to have inward-looking foreign investments increase by 40%. Implications for … Employment Energy Increase in renewable energy technology transfer Increase of companies in ASEAN region – lead to more jobs

5. A Vision for Economic Sustainability Indicators: Percentage of foreign companies seeking to enter the local market. Percentage of service sector contribution to the ASEAN GDP. What does inward- looking foreign investment mean? Results in local skill development Results in technology transfer Why are these good indicators? Foreign companies that want to enter the local market usually have to foster ties with local companies. This promotes transfer of knowledge and technology. With an increase in knowledge and technology, ASEAN economies should shift from agriculture/manufacturing to service – eg. finances, engineering expertise.

6. Imbalance A Vision for Energy Sustainability Energy available to everyone on the planet and to the future generation Vision: DemandSupply Population explosion Fossil fuel depletion Demand

7. A Vision for Energy Sustainability Indicators: 1.Percentage of renewable energy to the total electric power supply 2.The GDP per energy consumption. How can we eliminate the energy imbalance? 2.Efficiency 1.Renewable energy Why are these good indicators? Renewable energy such as sunlight and wind power has an infinite capacity. So the more renewable energy we use, the longer it takes to run out of fossil fuels. Developed countries have used an enormous amount of energy to achieve economic growth. If energy efficiency improves, developing countries can also realize sustained economic growth.

8. Vision for Employment Sustainability Vision More jobs will gradually shift to developing countries from developed countries. Basically, developed countries will have high unemployment problem. Those countries are trying to create new kind of job which is from the energy development. Developed Countries Developing Countries More Investments on Energy Create more Jobs & Better Economy Create more Jobs on Energy

9. A Vision for Employment Sustainability Indicators: 1. Unemployment rates 2. Income per capita 3. Number of people under poverty line How can we measure the wealth of citizens Income Employment Rate Why are these good indicators? A lower unemployment rate translates into more employed individuals with paychecks, which leads to higher consumer spending, economic growth and potential inflationary pressures. Conversely, high levels of unemployment are connected with lower incomes, lower spending, and economic stagnation. Per capita income is often used as a measure of the wealth of a nation, particularly when comparing countries with substantially different levels of wealth. Using only Income per capita will not always be correct if there’s a huge gap between the rich and the poor.