NATURAL RESOURCE TRENDS COMING IN 2023

Nikola Perrault | NikolasPerrault.net

Energy Sources of 2023

WHAT'S TO COME

Developing sustainable energy sources is one of the most critical issues facing policymakers and political leaders as they try to address climate change Various factors are making headlines, such as the lack of natural gas supplies, the fracking controversy, and proposed laws that regulate electric vehicle sales

Some of the trends predicted in last year ’ s sustainability outlook are still happening Some of these include the increasing environmental lawsuits and the momentum toward net zero

In addition to these, new themes are also being introduced to the sustainability industry. We predict that seven trends will emerge in 2023

Outline BIODIVERSITY

NATURE BASED SOLUTIONS

KEY SUPPLIERS OF FOSSIL FUELS

HI-TECH AGRICULTURE

MORE SUSTAINABLE AND FLEXIBLE PRODUCTS

AI AND CLIMATE TECH

Biodiversity

Due to the increasing requirements for net environmental gains biodiversity is becoming more prevalent in project planning In addition, we expect to see the development of new reporting frameworks that will allow companies to identify and manage their biodiversity However, whether these will be integrated into the ESG reporting systems and standards is still being determined

Nature Based Solutions

The increasing number of investors demanding nature-based solutions is expected to develop new asset classes focused on mitigating the risks associated with natural capital The scramble for natural capital will also result in new partnerships between financial institutions and professional services firms. These will include collaborations between fintech, climate tech, and geotech tools

More Sustainable and Flexible Products

Due to the increasing number of claims about free delivery environment-friendly practices, and local benefits consumers will become more skeptical This will also affect the transparency of the claims made by companies

AI and Climate Tech

There will be new developments related to AI, and the increasing interest in its potential can either positively or negatively influence sustainability Deep learning models require a lot of energy to perform correctly Through AI, organizations can improve the efficiency of their operations by developing effective forecasting and management tools for managing their energy consumption and agricultural yield

Key Suppliers of Fossil Fuels

In the new year, Europe is expected to turn to Asia for its energy needs, which could increase the demand for natural gas, coal, and oil from countries such as Malaysia, Indonesia, and Vietnam The rising demand for dirty fuels is also expected to cause the prices of these products to increase in Asia These markets are susceptible to geopolitical conflicts and global pandemics

Hi-tech Agriculture

Various companies are expected to introduce lab-grown meals made from cells in the coming years One of these is Singapore-based Shiok Meats, which will start producing shrimp and lobsters using its cell-based technology Regenerative farming is expected to be a trend in sustainable agriculture this year This method of farming involves restoring degraded soil