From now on, Green beats Gold

Can you envision a green future? With the advent of hydrogen-powered cars, autonomous fleets, and renewable energy to power buildings, this future is very real. And the upcoming Tokyo 2020 Olympic Games will lead the way.

For example, only sustainably sourced timber1 will be used to build the venues, which will be powered 100 percent by renewable energy. The to-be-built 6,000-unit Olympic village will run on hydrogen fuel2, said to be the ‘ultimate clean energy’ as it doesn’t emit carbon dioxide when burnt. Solar roads3 — a system of solar panels with a special resin layer so vehicles can drive over them — will also be built to complement the green focus of the Games.

The 2020 Tokyo Olympic and Paralympic organising committee is also looking to use driverless cars and electric buses to transport athletes and visitors around the city and the Olympic venues.

However, “green” won’t be just limited to power consumption. Tokyo will also be “greening” the gold4 — and silver and bronze. The Tokyo 2020 Medal Project, will collect e-waste (from old and obsolete consumer electronics) to be reborn as medals. The committee is also determined to cut down on food waste and plastic packaging, and will reuse or recycle 99 percent of the items and goods procured for the Games.

There’s still a year to the Tokyo 2020 Olympics, but it looks like everything is on track so far. If successful, it will showcase how large-scale global events can contribute to sustainable practices. Not only that, Tokyo would also lead the way and set an example for other cities around the world to go green(er).

The Tokyo Games is an example of how commitment to sustainable practices can help to preserve our future. Eastspring is similarly committed to sustainable investments. At Eastspring Investments, we integrate environmental, social and governance (ESG) considerations in our investment processes. Find out more about Eastspring Investments

Sources:
1https://tokyo2020.org/en/games/sustainability/
2https://www.gasworld.com/tokyo-2020-olympic-games-to-use-hydrogen-fuel-/2016200.article
3https://www.independent.co.uk/news/world/asia/tokyo-solar-roads-energy-sun-2020-olympics-a8392416.html
4https://www.teamusa.org/News/2019/February/12/Tokyo-2020-Medal-Project-Successfully-Meets-Its-Targets-To-Create-Medals-Out-Of-Recycled-Metal