{"id":551484,"date":"2022-06-21T13:17:52","date_gmt":"2022-06-21T13:17:52","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2022\/06\/21\/four-day-workweeks-are-good-for-your-bottom-line-could-carbon-credits-be-the-solution-to-stopping-deforestation\/"},"modified":"2022-06-21T13:17:52","modified_gmt":"2022-06-21T13:17:52","slug":"four-day-workweeks-are-good-for-your-bottom-line-could-carbon-credits-be-the-solution-to-stopping-deforestation","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2022\/06\/21\/four-day-workweeks-are-good-for-your-bottom-line-could-carbon-credits-be-the-solution-to-stopping-deforestation\/","title":{"rendered":"Four-day workweeks are good for your bottom line + Could carbon credits be the solution to stopping deforestation?"},"content":{"rendered":"

<\/a> The balance sheets have spoken: Four-day workweeks do reflect well on bottom<\/strong> lines and productivity. <\/strong>As the shorter workweek model begins to take hold around the world, with multiple countries trialing the concept<\/a> and others, like the UAE<\/a>, implementing it for good \u2014 the results have been surprisingly good for corporate activity. Companies are reporting up to 30% growth in their bottom lines, and 350% growth in sales, as productivity levels rise some 24% with fewer working hours, according to a handful of companies\u2019 individual reports to CNBC<\/a>. All the firms CNBC spoke with have made the four-day workweek a permanent fixture in their employees\u2019 contracts \u2014 without cutting pay \u2014 after the more output-focused model proved more efficient.<\/p>\n

Things are finally looking up for the airline industry<\/strong>, as the global economic recovery from the pandemic puts the industry on track to see a positive bottomline next year, the International Air Transport Association (IATA) said<\/a> yesterday. The association also upgraded its 2022 forecast, now predicting losses of USD 9.7 bn for the year, narrowing from its previous prediction of USD 11.6 bn in losses, as passenger numbers are expected to reach 83% of pre-pandemic levels. This compares to USD 42 bn in 2021 losses and USD 137.7 bn in 2020. The IATA attributed the optimistic outlook for strong demand, countries lifting their travel restrictions, low employment rates and a rise in personal savings. \u201cAirlines are resilient. People are flying in ever greater numbers. And cargo is performing well against a backdrop of growing economic uncertainty \u2026 It is a time for optimism, even if there are still challenges on costs, particularly fuel, and some lingering restrictions in a few key markets,\u201d Willie Walsh, IATA\u2019s Director General said.<\/p>\n

<\/a> Could ca<\/strong>rbon credits be the solution to stopping deforestation? <\/strong>Since 1990, the world has lost 180 mn hectares of forest \u2014 comparable to the size of Libya \u2014 with over 47 mn hectares being lost in 2010-2020, according to the Financial Times (watch, runtime: 02:59<\/a>). While COP26 saw over 100 countries and 30 financial institutions pledge to stop or limit their exposure to deforestation, similar agreements have failed to deliver on their promises in the past. Carbon credits are now being boasted as a possible solution as they rely on positive reinforcement (providing incentives for preserving trees) instead of negative reinforcement (punishing them for cutting them down). In Brazil, for example, deforestation is rampant and even increasing under the Bolsonaro regime. The communities cutting these forests down are often farmers who are trying to grow more crops as a source of revenue. Carbon credits<\/a> could provide this alternative source of income to these farmers and push them to grow more.<\/p>\n

And the market for carbon credits is set to grow \u2014 including in Egypt: <\/strong>As of now, forestry and land use account for almost half of all carbon credit projects in the world. It is expected that 2022 could see carbon offset sales rise above USD 1 bn for the first time. We\u2019ve heard that the Environment Ministry and EGX are also working on setting up a local carbon trading scheme here in Egypt<\/a> to build on and regulate carbon credits, which both the public and private sector have previously dabbled in.<\/p>\n

But of course, the biggest concern is greenwashing: <\/strong>Carbon credits have received as much concern as they\u2019ve received celebration over accusations that they don\u2019t deliver what they promise. The world has yet to find a framework that avoids greenwashing within carbon markets, but efforts are being made in the EU to tighten regulations<\/a> to ensure carbon credits are an effective tool to offset emissions.<\/p>\n","protected":false},"excerpt":{"rendered":"

The balance sheets have spoken: Four-day workweeks do reflect well on bottom lines and productivity. As the shorter workweek model begins to take hold around the world, with multiple countries trialing the concept and others, like the UAE, implementing it for good \u2014 the results have been surprisingly good for corporate activity. Companies are reporting […]<\/p>\n","protected":false},"author":1,"featured_media":551485,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7215],"tags":[835,7286,107,633,638,538,1120,234],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-551484","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-for-your-commute","tag-carbon-credits","tag-climate","tag-covid-19","tag-enterprisepm","tag-for-your-commute","tag-greenwashing","tag-office-life","tag-travel","wpautop","entry"],"acf":{"mongo_id":"ec454c30-7ad9-4634-99d9-b22b1169065b","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2022\/6\/469.jpg","photo_position":"above","related_issue":[551480],"teaser":"","voice_url":""},"yoast_head":"\nFour-day workweeks are good for your bottom line + Could carbon credits be the solution to stopping deforestation? - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2022\/06\/21\/four-day-workweeks-are-good-for-your-bottom-line-could-carbon-credits-be-the-solution-to-stopping-deforestation\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Four-day workweeks are good for your bottom line + Could carbon credits be the solution to stopping deforestation?\" \/>\n<meta property=\"og:description\" content=\"The balance sheets have spoken: Four-day workweeks do reflect well on bottom lines and productivity. 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If you thought you had heard everything about the outrageous, humorous things AI bots like Siri and Alexa are capable of saying, this story by Wired will give you the chills. 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