Understanding the Dynamics of Willingness to Pay for Sustainability

In today’s world, where the urgency of addressing environmental and social issues is becoming ever more pressing, the concept of sustainability has transitioned from a buzzword to a critical business imperative. As consumers increasingly prioritize sustainability in their purchasing decisions, understanding their willingness to pay (WTP) for sustainability features becomes crucial for businesses aiming to …

Sustainability: A Shared Journey Beyond the Prisoner’s Dilemma

In our journey toward a sustainable future, we often face a paradox that mirrors the classic game theory scenario known as the “Prisoner’s Dilemma.” This dilemma captures the tension between individual and collective interests, but it also reveals the boundless potential for cooperation and unity in our effort to protect our planet. Understanding the Prisoner’s …

Securing Europe’s Gas Supply: Challenges and Opportunities in the Energy Transition

A report by the European Court of Auditors, released on 24 June 2024, suggests that Europe may wish to consider intensifying its efforts to secure its gas supply. The EU has set a goal of eliminating Russian gas imports entirely by 2027.The EU has made significant progress in reducing its reliance on Russian gas, with …