Knowledge Agora



Scientific Article details

Title The world in 2050 and the New Welfare scenario
ID_Doc 69299
Authors Sessa, C; Ricci, A
Title The world in 2050 and the New Welfare scenario
Year 2014
Published
DOI 10.1016/j.futures.2013.10.019
Abstract The PASHMINA (paradigm shifts modeling and innovative approaches) project grew out of the need to improve our understanding of the paradigm shift in the energy-transport-landuse nexus and, more broadly, in world development. In envisioning the world at 2050, we envisaged future growth in four possible directions: growth without limits, growth within limits, stagnation, and New Welfare. The scenario considered as preferable reflects a transition toward a New Welfare, characterized by a high level of cooperation, heightened concern for the environment and for social welfare, and an increased share of immaterial consumption. This scenario is based on the recognition that the development of new technologies although relevant turns out to be insufficient to resolve the issue of resource scarcity alone. Important behavioral changes are also needed. In the New Welfare scenario, GDP as a measure of growth becomes obsolete and needs to be replaced with ways of measuring progress that are more reflective of natural, human, and social capital. The New Welfare scenario also charts a pathway toward a low-carbon future, with an overall reduction in energy consumption, density, and intensity, and a greatly reduced reliance on fossil fuels. A new, smart electric grid facilitates active demand management and decentralized production of power. Natural gas or even small nuclear plants tackle problems associated with the intermittency of renewable energy sources. Among other likely shifts under this scenario is a re-conceptualization of production, from short-lived to longer-lasting goods and from private to open source knowledge products and services; growth in recycling and zero-waste processes; and a shift from profit-driven business to entrepreneurship that seeks to satisfy social needs and build local capital. The world undergoes a transition from unequal growth to prosperity in a multi-polar, globally interdependent world. New global democracy networks and institutions are created, and constitutions extend beyond the protection of human rights to the recognition of "nature rights." Citizens' income is tied to the social welfare-oriented duties and participatory governance. This scenario further leaves room to new forms of self-regulation of common resources. Actions necessary for the shift to the New Welfare paradigm include the adoption of new metrics for measuring progress, measures to increase public acceptance of technological and societal change, the creation of new global and local institutions devoted to sustainable management of shared environmental resources, sustainable production and consumption patterns, and a low-carbon energy and transport systems. (C) 2013 Elsevier Ltd. All rights reserved.
Author Keywords Paradigm shifts; Foresight methods; Scenario building; Steady state economy; Global and local democracy; Wellbeing and sustainability metrics; Lifestyle change
Index Keywords Index Keywords
Document Type Other
Open Access Open Access
Source Social Science Citation Index (SSCI)
EID WOS:000335611600007
WoS Category Economics; Regional & Urban Planning
Research Area Business & Economics; Public Administration
PDF
Similar atricles
Scroll