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SUSTAINABILITY AND THE SHARING ECONOMY Marco Torregrossa Founder and Managing Director Euro Freelancers

Sustainability and Sharing Economy

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Page 1: Sustainability and Sharing Economy

SUSTAINABILITY AND THE SHARING ECONOMY

Marco TorregrossaFounder and Managing Director

Euro Freelancers

Page 2: Sustainability and Sharing Economy

Global Consumption Trends

Page 3: Sustainability and Sharing Economy

Current World Resource Consumption

Market forces rather than human needs dictates the distribution of resources, goods and services

Commercialisation has infiltrated every aspect of our lives, encouraging highly individualistic and unsustainable consumerist lifestyles

Natural resources are usurped at far greater rates than they can be replenished

At least 18 international conflicts have been triggered by competition for resources since 1990 and this is set to increase in light of a rising world population, soaring global consumption and rapidly disappearing energy supplies

Page 4: Sustainability and Sharing Economy

Sustainability Benefits

Environmental Less resource use and CO2 emissions, if number of new products

manufactured is reduced Higher demand for good quality products, if products are to be

lend or leased, repaired, upgraded multiple times Favours eco-design for multi-user experiences, durability and

repeat customisation for shareable products

Social Enhances social interaction, community building and trust

between citizens Access to high quality products also for low income consumers Lowers barriers to entrepreneurship Helps learning new skills

Source: Dr Nadine Pratt, CSCP

Page 5: Sustainability and Sharing Economy

Sustainability Concerns

Rebound effects (offset the sustainability benefits)

Does sharing under-utilised items leads to longer lasting and higher quality products or leads to increased and faster consumption?

Does home sharing lead to a more sustainable tourism or leads to more tourism, hence higher environmental impacts?

Does car sharing lead to more sustainable transport or the money saved from car sharing is reused into long distance travel?

Does office sharing lead to more sustainable energy use?

Does movie streaming lead to higher carbon impact coming from the intensive energy use caused by inefficient equipment?

Page 6: Sustainability and Sharing Economy

Sustainability Concerns

May increase faster consumption, if sharing is used as trial before buying new products

May ncrease disposal of old items in exchange of newer ones, if shared item is cheaper and with lower quality

May increase transport, distribution, logistics and related CO2 emissions (e.g. long distance shipping and delivery of items from home to home)

May increase social disparities, social dumping and job losses

Page 7: Sustainability and Sharing Economy

Way Forward for Sustainability and Sharing Economy

Invest in behavioural change, awareness raising campaigns and capacity building to reduce the rebound effect

Create measurement systems for the long-term positive sustainability impacts against key performance indicators

Create minimum environmental performance standardswith high benchmarking potential

Commission environmental impact assessment and lifecycle analysis studies on sharing assets above all in large cities

Page 8: Sustainability and Sharing Economy

Way Forward for Sustainability and Sharing Economy (Continued)

Support green public procurement favouring sharing economy enterprises

Introduce mandatory requirements for sustainable products (e.g. minimum recyclability, reusability, upgradeability and durability)

Promote the creation of awards schemes for the most sustainable sharing economy concepts

Support the development of one sharing economy regional cluster in the EU to accelerate the innovation process

Page 9: Sustainability and Sharing Economy

IndependentEU Affairs and

Funding Consultants

MARCO TORREGROSSA

Founder and Managing [email protected]

about.me/marcotorregrossa

@eurofreelancers

THOUGHTS?