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+352 270448-0
+352 270448-729
info@feri.lu


L-1528 Luxembourg
18, Boulevard de la Foire

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Resource Consumption of the Digital Economy - An Underestimated Problem

Bad Homburg, 4/30/2020
by FERI Cognitive Finance Institute

The idea that the change to a digital society will simultaneously solve the resource problems of mankind is unfortunately naive and misleading. Virtualisation, storage, data transfer and data utilization not only have a very large CO₂ footprint, but also consume very large amounts of raw materials and energy. Since the digitalisation of society will receive an additional boost with the Corona crisis, a critical discussion of the facts and background is appropriate.

Work in the home office as well as intensive telephone and video conferences currently characterize our everyday life. The Corona crisis in 2020 thus reinforces the already rapidly increasing trend towards digitalisation. An often underestimated side effect is the massive ecological footprint created by virtualisation, storage, data transfer and data use.

This is where our new publication format FERI Cognitive Briefing (available only in German) comes in.

In the current Cognitive Briefing we discuss the question of whether the current exponential path of digitization is compatible with sustainability goals or even - due to increased energy demand and CO2 emissions - will trigger new environmental and resource problems.


About FERI Cognitive Finance Institute

FERI Cognitive Finance Institute is the strategic research centre and creative think tank of the FERI Group, with a clear focus on innovative analysis and method development for long-term aspects of economic and capital market research. The institute uses the latest findings from areas such as behavioural economics, complexity theory and cognitive science.

The FERI Cognitive Finance Institute is backed by an experienced team with an interdisciplinary academic background, many years of research practice and specific expertise. In addition, it has access to a powerful network of external experts.

The Institute was founded in 2016. Rapp studied economics at the University of Mannheim and received his doctorate on psychologically influenced investor behaviour ("Behavioral Finance"). He has worked on alternative capital market models for many years and has recently developed key principles of the new "Cognitive Finance" theory.

FERI has operated as an independent investment house since 1987, with a focus on investment research, investment management and investment consulting. The name FERI stands for "Financial & Economic Research International".



Media relations contact

Marcel Renné

Chairman of the Board & CEO

Rathausplatz 8-10

D-61348 Bad Homburg