In recent years, the global conversation has been shifting from the advantages of globalization to the merits of a more decentralized world. Governments around the globe are looking inward, focusing on protectionism, job security, and the safeguarding of domestic production. High subsidies are being allocated, and growing threats to national security have prompted a reevaluation of priorities. Key areas such as energy, food, and health security are gaining prominence, along with the everyday effects on people and businesses, notably the cost of living crisis.
This evolving worldview is driving policy changes, particularly in the realm of the low-carbon economy. The transition towards a low-carbon economy is bringing about changes for individuals and companies at an ever-increasing pace. Simultaneously, we’re witnessing a surge in government regulations aimed at facilitating the day-to-day management of this transformative process.
According to the Economist Across the rich world, Governments are
implementing more than ten times as many policies as they were each year in 2010 – 2015 If their Manifestos are anything to Go by, Politicians Plan a lot more in the coming years to achieve dominance in renewable energy, Electric Trasport and Generative AI this is the biggest policy shift in a generation
However, as we navigate this transition, it’s essential to recognize that one of the effects of globalization is its ability to foster innovation to address global challenges. With the move towards decentralization, there is a concern that we might be losing out on the innovation needed to tackle these pressing global issues.
With more Policy comes more regulation and more uncertainty in an already changing world requiring greater flexibility for companies to deal with compliance costs, Market Access, create Innovation
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