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illuminem summarizes for you the essential news of the day. Read the full piece on TIME or enjoy below:
🗞️ Driving the news: A TIME100 Talks discussion moderated at the U.N. climate talks in Dubai highlighted the critical issue of runaway consumption in climate change
• Ellen Jackowski, chief sustainability officer at Mastercard, emphasized the need for a mindset shift in both consumers and businesses towards sustainable consumption
🔭 The context: Household consumption accounts for over 60% of global emissions, yet addressing this aspect often faces resistance from various stakeholders
• Businesses fear that focusing on consumption might hinder growth, while activists are concerned about unfairly burdening consumers with climate change responsibility
🌍 Why it matters for the planet: Transitioning to sustainable consumption is essential in tackling the climate crisis
• Efforts are being made to make sustainability data more accessible to consumers, and businesses are exploring models that prioritize value over volume, such as offering repair services or renting products
⏭️ What's next: The future of climate action will heavily depend on developing new business models that address mass consumption and the role of governments in guiding or mandating these changes
• The effectiveness of these strategies in reducing emissions will be a critical measure of their commitment to combating climate change
💬 One quote: "Humans need food, shelter, clothing, but we have to consume to survive, but it is about consuming differently," - Ellen Jackowski, Mastercard
📈 One stat: Household consumption is responsible for more than 60% of global emissions.
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