The aim of Deep Demonstration in Maritime Hubs is to drive the decarbonization
of the three European ports considering all major aspects and conflict points,
bringing the key stakeholders in a consortium where impactful discussions take
place, co-creating a common vision and working together towards meeting the
Sustainability needs of the port through innovation and synergies. Deep Demonstration is part of a broader UN SDSN Initiative, namely, the Global Roundtable for
Sustainable Shipping
1 which aims at bringing together shipowners, shipbuilders,
technology developers and researchers, ports and policymakers from across the
globe. The main goal of the initiative is to develop zero-emission shipping innovations, having as a target net-zero emissions by 2050.
1.7 Circular Economy and Decision-Making
Despite the growing alarms over climate change threat and the need for financial
tools and resources to be mobilized, limited action has been noted in most European
countries in the last decade. The EU has set an ambitious plan for the adoption and
implementation of the circular economy (CE). The Plan estimates that by 2030 the
integration of CE will result in savings of over 600 bil. euros for EU businesses, will
create 580,000 new jobs and will contribute to the reduction of 450 mil. tons
greenhouse gases. Member States are key players in Europe’s transition to a circular
economy. Three EIT Climate-KIC projects seek the implementation of circular
approaches in critical public and private institutions.
Adopting Circular Economy in each country should be aligned with its strategic
documents and identified sectoral strengths and needs, set in the individual country’s
Smart Specialization Strategies. CE in S3 (Circular Economy Transition in Smart
Specialization Strategy) project aimed at piloting the adoption of CE in their
respective S3s, working together with the responsible authorities in two European
countries, Greece and Bulgaria. Specific approaches to implementation and
supporting funding instruments were discussed and shared with participants. The
end goal of the project was to stimulate the timely and systemic adoption of the CE in
S3s for the 2020–2027 programming period in EU Member States.
Circular Learning Hub (a learning hub for the engagement and ecosystem
transition towards circular thinking) works on an awareness-intention-action path
fostering problem owners to a deeper understanding of circular thinking. Two lab
experiments will be performed by the end of 2020 to empirically confirm the impact
of ambiguity on decision-maker’s (e.g. investors and entrepreneurs) prior probability
function and posterior distribution. The experiments will aim to estimate a parametric model of attitudes towards risk/ambiguity and time preferences considering also
the impact of climate change (through VR) on decision-making process.
1 http://unsdsn.gr/global-roundtable-for-sustainable-shipping-2
20
P. Koundouri et al.
of the three European ports considering all major aspects and conflict points,
bringing the key stakeholders in a consortium where impactful discussions take
place, co-creating a common vision and working together towards meeting the
Sustainability needs of the port through innovation and synergies. Deep Demonstration is part of a broader UN SDSN Initiative, namely, the Global Roundtable for
Sustainable Shipping
1 which aims at bringing together shipowners, shipbuilders,
technology developers and researchers, ports and policymakers from across the
globe. The main goal of the initiative is to develop zero-emission shipping innovations, having as a target net-zero emissions by 2050.
1.7 Circular Economy and Decision-Making
Despite the growing alarms over climate change threat and the need for financial
tools and resources to be mobilized, limited action has been noted in most European
countries in the last decade. The EU has set an ambitious plan for the adoption and
implementation of the circular economy (CE). The Plan estimates that by 2030 the
integration of CE will result in savings of over 600 bil. euros for EU businesses, will
create 580,000 new jobs and will contribute to the reduction of 450 mil. tons
greenhouse gases. Member States are key players in Europe’s transition to a circular
economy. Three EIT Climate-KIC projects seek the implementation of circular
approaches in critical public and private institutions.
Adopting Circular Economy in each country should be aligned with its strategic
documents and identified sectoral strengths and needs, set in the individual country’s
Smart Specialization Strategies. CE in S3 (Circular Economy Transition in Smart
Specialization Strategy) project aimed at piloting the adoption of CE in their
respective S3s, working together with the responsible authorities in two European
countries, Greece and Bulgaria. Specific approaches to implementation and
supporting funding instruments were discussed and shared with participants. The
end goal of the project was to stimulate the timely and systemic adoption of the CE in
S3s for the 2020–2027 programming period in EU Member States.
Circular Learning Hub (a learning hub for the engagement and ecosystem
transition towards circular thinking) works on an awareness-intention-action path
fostering problem owners to a deeper understanding of circular thinking. Two lab
experiments will be performed by the end of 2020 to empirically confirm the impact
of ambiguity on decision-maker’s (e.g. investors and entrepreneurs) prior probability
function and posterior distribution. The experiments will aim to estimate a parametric model of attitudes towards risk/ambiguity and time preferences considering also
the impact of climate change (through VR) on decision-making process.
1 http://unsdsn.gr/global-roundtable-for-sustainable-shipping-2
20
P. Koundouri et al.