Climate-neutral in 2050
How organisations can make a difference
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By 2050, Europe wants to become climate-neutral. But as time goes by, the question arises: how can we ever realise these radical ambitions?
Europe's complex climate policy has barely made an impact on CO2 emissions in the past decade. Yet we do not question the current policy, which focuses on correcting market forces through price instruments, incentives, subsidies and soft regulation. Such an approach assumes that our economic decisions are primarily driven by market forces.
However, according to Nobel Prize winner Herbert Simon (1916-2001), we do not live in a market economy, but in an organisational economy, dominated by private and public organisations that grow by shielding themselves from the unpredictable game of supply and demand.
In this keynote, Johan Albrecht applies Herbert Simon's insights to the climate challenge. He shows that a policy that focuses on market forces can never provoke a systemic change, but also points out the key role that flexible organisations can play in the climate policy of tomorrow.
After all, companies with a Net Zero agenda are today much more ambitious than our governments.
This talk makes clear how we can better mobilise flexible and strong organisations to secure our climate future.
Welcome to the organisational economy!
Prof. Dr. Johan Albrecht is an experienced economist with a broad interest in societal and technological changes. By combining different disciplines, he brings new insights that help you mastering our changing world. His key interests relate to sustainability challenges and the need to prepare the future we aspire.
Since 2006, he is a senior fellow at the Itinera Institute, an independent think tank based in Brussels (www.itinerainstitute.org). His research activities focus on energy systems, climate policy and the dynamics of housing markets.
His recent books include ‘Corona Shock (2020), ‘Investeer in een gezonde levensstijl. Op weg naar een activerend preventiebeleid (2020), ‘Oikonomia (2018)’, ‘Energietrilemma (2017)’ en ‘Het gewicht van vlees (2016)’. He is the author of 40 publications in international journals and volumes and as a scientific advisor, he works for Belgian and international organisations.
When economic analysis meets sustainability and societal challenges