bloc are committed to the concept of sustainability. One of the most frequently quoted definitions of sustainability is that put forward in 1987 by the Brundtland Commission, which describes sustainable development as “meeting the needs of the present generation without compromising the ability of future generations to meet their own needs”.
A widely held consensus is that for projects to be sustainable, three concepts need to be taken into account simultaneously: environmental sustainability, economic sustainability; and social sustainability.
In an increasingly overcrowded world with ever diminishing resources failure to agree international sustainability targets and inflexible government regulation should not detract from the ever increasing individual, corporate and national defensive need for natural resource conservation to limit future financial burdens and geo-political risk exposure.
10 million people in the UK are over 65 years old. The latest projections are for 5½ million more elderly people in 20 years’ time and the number will have nearly doubled to around 19 million by 2050. Within this total, the number of very old people grows even faster. This is mirrored in other mature countries with the worlds younger people increasingly located in developing nations but with many with aspirations of living in the developed world.
Millennials are already 1 out of 3 of US workforce and this is increasing. Millennials will be 75% of the global workforce by 2020 and their politics and attitudes will gain traction. 73% of Millennials are willing to pay more for a sustainable product and over half of worldwide millennials identify climate change as the world’s biggest issue and with 91% identifying humans as the cause.
The majority of young Americans do not believe in capitalism.
The 4th revolution is providing the sharing/rental products that are attractive to the asset poor millennials. Adaptability will be key.
Buying a property in the UK has got more expensive per year for every person born after 1957. The maximum per annum redistribution of wealth from the baby boomers to their millennial children (and possibly IHT peak) is forecast as 2034.
The economic, social and political consequences will be significant.
“Simplicity is the ultimate sophistication”
Da Vinci was a painter, sculptor, architect, musician, scientist, mathematician, engineer, inventor, anatomist, geologist, cartographer, botanist, and writer.