KEY FINDINGS
from Novitech breakfast debate
- Cyclic crises on different markets are underlined with long term non recovery transformation process with value change.
- Two main problems has been identified:
- Climate change
- Technology crises
- Chaos on energy market as a consequence of European market deregulation and Energy Climate package is one of the roots of the present crises supported by the decision of European Court of Justice. Revision of PreussenElektra AG v Schhleswag AG [2001] EUECJ C-379/98 is suggested.
- Long term 15 years of transformation towards sustainable society based on eco technologies (renewable, nano and bio technologies) with least investment and resource allocation seems to be the answer of the present society and economy problems.
- 16 years practical incremental innovation without used any subsidies concerned with systematic office building transformation of about 5000 m2 floor space has been demonstrated. Presented solution address the both main problems and could save in comparison with the year 1996:
- more than 90% of carbon emission
- more than 80% primary energy sources
- new technology used provides higher quality of inner building climate and solve heat waves impact which causes fatal collapses of EU citizens
- The knowledge curve for social cost of carbon has been suggested as suitable tool for strategic planning, decisions and regulations
- High volatility on carbon market with cap and trade system is due to uncertainty of economy processes. It prevents investment into energy market and cause chaos on it
- Cheap transparent transformation process has been presented for carbon reduction policy
- Corruption has been discussed and demonstrated that CPI from Transparency International could be used as risk premium in evaluation models
- Removing 10% of corruption double the society income in EU states
- It has been concluded that corruption blocks the progress of society based on innovation
5th European Innovation Summit Outcome