THE BUSINESS OF CLIMATE

The discourse surrounding climate change is far from new, but the prevailing focus has primarily been on mitigation efforts. This initial phase is often prompted by the alarm bells rung by the media, epitomized by the groundbreaking documentary “An Inconvenient Truth” and amplified by inspiring speakers like Greta Thunberg, who champion social justice in the face of environmental challenges.

We now find ourselves in the second phase, where influential entities such as the UN COP, WEF, and national leaders are taking center stage. Europe has long been at the forefront of this movement, while President Biden recently introduced a remarkable $2 trillion bill that sailed through Congress. In Canada, Prime Minister Justin Trudeau announced a significant $9.1 billion investment as part of the country’s Climate Action Plan, all in pursuit of the overarching goal of achieving NetZero by 2050.

What sets this era apart is the burgeoning business landscape surrounding climate change. While the scientific understanding of the issue has long been established, the exciting development lies in the adoption of scientific solutions. This shift encompasses not only governmental initiatives but also the deployment of private capital. According to estimates, corporations have the potential to unlock a staggering $26 trillion in opportunities and generate 65 million new jobs by 2030 through climate change adaptation.