Water Energy Nexus
In last week’s post I looked at energy companies and their trajectory relative to the Paris Climate Agenda. The insights clearly suggested a mixed picture. A clear point of how important it is to decarbonised the way we fuel our economy and global society. But that’s unfortunately not all there is to the energy generation picture! What few people realise: Energy generation requires water. A lot of water. Not just in the energy generating processes, but also in the extraction of the energy source (coal in particular), and/or the making of the necessary equipment. Some insights ... illustrated at the example of China.
In the 1990s Nike was caught in a sweatshop scandal showing poor working conditions in the Asian factories of its suppliers. Today Nike wants to “bring inspiration and innovation to every athlete in the world”. The evolution of the company’s mission is powerful because it adds meaning and purpose to its existence: from “produce”, to “help” to eventually “inspire and innovate”.