World Economic Forum Makes Climate Change Case to G8 Leaders

authordefault
on

In a Report to G8 host and Japanese Prime Minister Yasuo Fukuda, the corporate heavyweights of the World Economic Forum and the World Business Council for Sustainable Development (WBCSD) have set out an aggressive set of recommendations for addressing climateย change.

The report, endorsed by CEOs from Alcoa, Royal Dutch Shell and 97 other mutli-nationals, begins with a broad statement ofย clarity:

While some uncertainties remain โ€“ applying a risk management perspective to the available information โ€“ we conclude that a reasonable approach is for all leaders of business and government to take actionย now.

Generally, the leaders call for a paradigm shift to a low-carbon economy by 2050. Specifically, they say things like, โ€œrich countries will have to take the lead and demonstrate strong cutsโ€ (supporting the Kyoto model) and โ€œif all new coal fired electricity generation plants are not operating with CCS (carbon capture and storage) from 2015 to 2020 onward, it will be difficult to realize the target of a 50% reduction in global emissions byย 2050.โ€

In total, there are relatively few concrete recommendations – the CEOs find innumerable ways to call for โ€œflexibility.โ€ But they don’t dodge the main question: Climate change, they say, is both a global challenge and a huge economic opportunity and responsible world leaders, in business and politics, have to actย now.

authordefault
Admin's short bio, lorem ipsum dolor sit amet consectetur adipisicing elit. Voluptate maxime officiis sed aliquam! Lorem ipsum dolor sit amet consectetur adipisicing elit.

Related Posts

on

Critics fear that Equinorโ€™s latest UK education deal is aimed at quelling opposition to North Sea drilling.

Critics fear that Equinorโ€™s latest UK education deal is aimed at quelling opposition to North Sea drilling.
on

Green policy is under threat from corporate lobbying, right-wing parties and media and U.S. interference.

Green policy is under threat from corporate lobbying, right-wing parties and media and U.S. interference.
on

Partner firmโ€™s pivot to wood-chipping may yet harm forests, campaigners warn.

Partner firmโ€™s pivot to wood-chipping may yet harm forests, campaigners warn.
on

European fertiliser giant has launched a local โ€˜charm offensiveโ€™ to gain support for its chemical factory plan.

European fertiliser giant has launched a local โ€˜charm offensiveโ€™ to gain support for its chemical factory plan.