Towards climate stability
Now nearly 200 countries are working together on the global transition towards clean renewable energy to reduce climate change.
We are all part of climate change. Today, none of us can avoid the issue. It inspires trenchant views and a lot of media coverage reflecting a wide range of opinions. We need to assemble and deal with facts in order to help our clients reach sound business conclusions.
In the words of the United Nations:
“Climate change is one of the most fundamental challenges ever to confront humanity”.
Its impacts are already showing and will intensify over time if left unchecked. Over a decade ago, most countries joined an international treaty — the United Nations Framework Convention on Climate Change (UNFCCC) — to begin to consider what can be done to reduce global warming and to cope with whatever temperature increases are inevitable. More recently, a number of nations approved an addition to the treaty: the Kyoto Protocol, which has more powerful (and legally binding) measures. Currently, there are 195 Parties to the United Nations Framework Convention on Climate Change and 193 Parties to its Kyoto Protocol.
Stringent emission reductions are required to keep global temperature increases and corresponding climate change impacts as low as possible. A move towards a low-emissions society clearly requires a reorientation of global economic growth patterns. This necessitates innovative changes in the short and medium-term in technology in all sectors of the economy.
According to the International Energy Agency, global energy demand will grow 55% by 2030. In the period up to 2030, the energy supply infrastructure worldwide will require a total investment of USD 26 trillion, with about half of that in developing countries. The world needs to manage to green these investments by directing them into climate-friendly technologies.
As companies are caught up in this massive shift in human behaviour worldwide, you face options of whether to embrace the changes needed, or try to ignore them.Our job is to help you find ways of embracing change and implementing it for your company, your customers, employees and shareholders.