Climate change is one of the most daunting challenges humanity has faced and there is a growing consensus that it needs to be confronted within the next decade, or sooner. Global warming not only presents direct risks such as droughts, flooding and extreme weather events, but threatens to exacerbate other issues such as water shortages, geo-political tensions and disease. We believe business has an essential role to play, a role described in Tomorrow’s Climate – beyond peak carbon our new report. This report asks:
- first, if companies are prepared for the scale of the energy revolution in prospect
- whether the system should be updated to take more account of emerging risks of runaway climate change as well as the widely accepted evidence of global warming - and if so, whether business should be proactive in driving reform?
- what policy frameworks should business work with government to prioritise, so that business can play its full role in building tomorrow's green and clean economy?
- what the transition to the low-carbon world might cost?