ARTICLE 8 Create Market Incentives

ARTICLE 8

Create Market Incentives

Article 8 – Create Market Incentives stresses the role of regulation, policies, and financial incentives to have a wide-ranging impact on all industries at once. Specifically, this article introduces five actions to support development of green subsidies, ranging from the establishment of a carbon market to the improvement of lending practices and the education of industries on green incentives.

Global Picture

Globally, there are over 280 green taxes in 20 countries and over 320 green incentives in 21 countries, including EU-wide incentives. There are multiple examples of how action striving for a more sustainable future can be incentivised and of how industries are already incentivised to act around the globe.

Projects

The SMI Health Systems Task Force published recommendations for reducing healthcare supply chain emissions

The healthcare sector generates approximately 5% of total global emissions, over half of which are driven by supply chains. Most of these emissions are generated by early-stage processes, such as raw material extraction and processing.

The SMI Health Systems Task Force produced a series of recommendations on how to reduce healthcare supply chain emissions.

To read the report in full, click here

Spotlight on: Shell, Accenture and Amex GB

In June 2022, Shell, Accenture and Amex GB announced the launch of one of the world’s first blockchain powered digital book-and-claim solutions for scaling SAF.

To read the associated press release, click here.

Spotlight on: The Sustainable Food Trust

By intervening directly with the farmers, the Sustainable Food Trust contributes to accelerate the transition to more sustainable food and farming systems that nourish the health of both people and planet. Tackling the major barriers preventing large scale uptake of sustainable food production, the Sustainable Food Trust advocate for policy change and a globally harmonised framework to measuring sustainability on farms.

The progress made by the SMI since its launch only three years ago in Davos has been truly remarkable. His Majesty King Charles III has inspired industry across 19 SMI Task Forces to develop transition plans with clear, measured, and transparent targets, demonstrating their commitment to Nature, People and Planet.

Patrick Holden, CBE, CEO and Co-Founder, Sustainable Food Trust

Expert Interview: Patrick Holden

The global food industry is a major contributor to climate change, responsible for up to 30 percent of total global greenhouse gas emissions. Patrick Holden, founder of the Sustainable Food Institute and a dairy farmer in West Wales, shares his vision of how regenerative agriculture could make farming climate positive; reducing greenhouse gas emissions, restoring depleted land, capturing carbon, improving biodiversity, at the same time as transforming public health.

Patrick Holden is the Founder and CEO of The Sustainable Food Trust and member of the AgriTech Task Force