sustainabledevelopment

  • 30 April 2020

    The New Economy

    By Katsiaryna Serada – Research Fellow & Policy Analyst at Tondo The pandemic COVID 19 has questioned the foundations of our global economy, demonstrated the weaknesses of our current economic model in facing real and potential global challenges, revealed the excessive and risky dependency on the global value chains and a single largest supplier. The COVID 19 demonstrated that the largest supply of the essential medical items, almost three-quarters of blood thinners imported by Italy, 60% of antibiotic components imported by Japan and 40% imported by Germany, Italy, and France, and largest amount of the medical masks come from China. (Javorcik, 2020)  Before the COVID-19 crisis, China produced around 20 million masks per day. By early March 2020 the production increased to 120 million per day, including through deploying idle productive capacity and repurposing other sectors such as automotive and electronics. Despite deploying additional productive capacity both in China and worldwide, the global spike in demand for medical and other supplies   during the COVID 19 crisis far exceeded both material stocks and available capacity to produce. The global value chains were hit in several dimensions – demand, international transportation networks, productive capacity — and were not able to respond the global health crisis. The governments of the exporting countries have addressed the increasing shortage or scarcity (risk of scarcity) in the domestic markets by imposing the numerous export restrictions on medical and other items. More than 70 economies, including the US, China and the EU, have introduced export restrictions to allocate domestic supplies to national healthcare systems and citizens first (Hoekman, Fiorini, 2020). Therefore, the COVID 19 crisis has explicitly demonstrated that the price mechanism and the markets have failed to accomplish social optimum and efficiently provide and allocate the resources. The crisis has explicitly demonstrated that the resources...
  • 7 February 2020

    H2Boat

    By Thomas Lamberti – CEO of H2Boat Thomas Lamberti started his speech by introducing the current ecological situation, underlining that thanks to the abundance of energy provided by fossil sources, mankind has experienced unprecedented growth, thanks to a rapid but not sustainable economic development based on a linear model of continuous growth. The cycle of oil formation and its consumption travel on two incredibly different time scales. Furthermore, the rapid release of fossil CO2 has brought the planet into the Anthropocene era, characterized by strong ecological imbalances. The future of humanity will require more and more energy, but in a sustainable way, within a circular economy approach. Lamberti then continued his discussion focusing on the importance of hydrogen as a new source of energy; he explained that the hydrogen energy is among the most promising solutions for storing energy produced from renewable sources. H2Boat, is a spin-off of University of Genoa, born within the Department of Mechanical Engineering DIME and they work together on the technology transfer. H2Boat was born out of the desire to concretely realize its ideas at an industrial level, always maintaining the innovative and enterprising spirit that characterizes the university activity.Among his projects, Lamberti is researching and developing innovative solutions in order to introduce hydrogen technology on the market and make it available in every sector and to engineer energy systems for sailboats and motorboats, with the intention to start a successful entrepreneurial initiative able to contribute to the clearance of fuel cell and hydrogen technology in the nautical/naval world and beyond. The launch product of H2Boat is the Energy Pack, an energy storage system produced from renewable sources for sailboats. H2Boat Energy Pack is a system that uses hydrogen technology for autonomous pleasure boats – in particular sailboats – from the on-board electrical needs point...
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