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Innovation to Achieve Sustainability

Innovation to Achieve Sustainability

 

Innovation into the technology of renewable energy, food production, water conservation, education, and health, will be crucial to the future of Asia.  Already, China has become one of the world’s largest innovators of drones, civil aviation, biotechnology, and telecommunications.

 

As the climate changes and markets grow volatile, keeping up food supply chains will present a considerable challenge, especially to vulnerable rural areas. In the end, innovation must be more about improving lives than making money.  Slum populations in Asia continue to grow increasing from 650 million people in 1990 to 863 million in 2012 – with the majority in Asia.  As Asia continues to grow at an extraordinary rate we can only expect this problem to increase as it population does.  For achievable innovation to occur, the focus must be on the bottom rung of the economic ladder.

 

Climate change will also be addressed with brand new innovations; and for Asia, who is the world’s leading contributor to climate change, those innovations can’t come soon enough.  In fact, Asia absorbed 80% of the billons of dollars in damages from climate change in 2011.  Hoping to change their contributions to the climate change crisis, Asia is investing huge amount of money into solar panel technology.  In 2014, Asia accounted for 46% of all installed solar panels and were poised to command more of the market.

 

Technology designed to increase sustainable irritation, water quality, water filtration, and recycling techniques is also on the short list of innovations to achieve sustainability.  Especially needed in Asia where most of the population subsists on $2.50 a day, solutions that improve quality of life and meet development challenges, are needed.  The United Nations Development Program (UNDP) has approved sixteen prototyping and testing programs for potential solutions across Asia.

 

Sustainable innovation is increasing in Asia due to the investment being made into education and the slow but steady cultural shift to creative education.  Encouraging creativity instead of focusing solely on rout memorization and the fact that many are returning to home from abroad has boosted innovation in Asia.  Emphasis on regional trade and strengthening local agricultural development will contribute to sustainability, as well as shaping the overall growth for rural regions.

 

There is no alternative to sustainable innovation.  Contrary to what many companies believe, sustainable innovation does not make a business, product, or country lose competitiveness.  The majority of the time adding sustainable innovations ends up saving businesses money in top and bottom-line returns.  The lower costs, mainly in energy, add up to big savings by the end of the year.  In fact, the way companies treat innovation reflects their business model.  Those that embrace and encourage innovation tend to develop abilities that rival competitors and that advantage will put them in a good position for future growth and development.

 

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