Rifkin project makes progress
Luxembourg is making progress in its bid to diversify its economy, according to the latest government report.
Economy minister Étienne Schneider, sustainable development minister François Bausch, labour minister Nicolas Schmit, and housing minister Marc Hansen presented a summary report on Monday on the progress of the strategic measures that have been implemented in Luxembourg through the Rifkin strategy/Third Industrial Revolution.
In September 2015, the Ministry of Economy, the Chamber of Commerce and IMS Luxembourg launched the project "Third Industrial Revolution", which is inspired by the social and economic theories of American economist Jeremy Rifkin.
The aim of the project is to create an "intelligent network" by deploying energy-sharing technologies, establishing internet technology and creating new approaches to transportation.
It is meant to diversify the economy and make the country's economic model more sustainable and unified.
This is done by working with information and communications technology, energy and transport.
The ministers met with the monitoring committee, the supervisory body of the Rifkin strategy, to report on the progress of the strategic measures that have been in place since the launch of the project.
The report publishes percentages showing the progress of nine priority measures that were chosen by the Governing Council in November 2016.
These projects include the promotion of electromobility and launch of a programme for private zero emissions vehicles, the implementation of a roadmap for sustainable food production, the promotion of the circular economy through public procurement and the gradual development of mobility as a service.
The government report shows that six out of nine projects mentioned have achieved success levels of 80%.
