The Clean Energy Economy: Not If, But When
The Paris Climate Agreement has set the world on an inevitable path towards a low-carbon economy. The question is no longer whether this transformation will take place, but how quickly – and who will step up to accelerate clean energy to the levels we need to meet the Paris goals.
In this Huffington Post article, UN climate chief Christiana Figueres and Ceres president (and America Knows How leader) Mindy Lubber lay out eight encouraging signs that global energy policies are shifting. They also emphasize that this restructuring represents a huge opportunity for business to meet the demands of the emerging economy – and the quicker the response, the greater the rewards. Investors need to focus on managing climate risks and realigning their portfolios towards clean energy. Companies need to adapt their products, services, and supply chains in order to stay competitive.
America has always sought out new and better ways to solve challenges, and we can do the same for climate change. Since the transition to a low-carbon future is now a given, it’s in our best interest to help speed it up, and start reaping the benefits sooner rather than later.
Yesterday, Ceres (along with the United Nations Foundation and UNOP) held a summit for investors and businesses to discuss the far-reaching implications of COP21. To find out what leaders had to say, visit #InvestorSummit on Twitter.
By Mindy S. Lubber and Christiana Figueres
Those gathering at the UN in New York on Wednesday for the biennial Investor Summit on Climate Risk are facing a new world and a new reality.
The Paris global climate agreement, inked in December, has confirmed that every nation is now on an irreversible path to a low – perhaps even zero – carbon economy.
The challenge now is not the certainty, the direction or the ultimate destination of this transformation: it is the speed and how to scale up the opportunities.
For some – especially those with significant fossil fuel exposure – it is the risks of stranded assets and finding a way to navigate across what may be uncharted waters of energy diversification and restructuring businesses and economies.
The winds of change from Paris are already shifting policy and financial flows towards ever cleaner and renewable energies and sustainable infrastructure.
Image credit: Presidencia de la Republica Mexicana / Flickr