Green economy
The World Economic Forum’s annual risk survey shows that climate inaction makes up the top four of its 10 most severe global risks over the coming decade. On the same day that the WEF findings were released, new analysis was published into the opportunities the world’s transition to a greener economy would represent for businesses and investors prepared to make the changes needed.
As each year passes, the climate emergency facing the planet becomes ever more alarming. But this trajectory is increasingly being met by the rapid emergence of new technologies and expertise that are focused on tackling it. As a result, we can now discern the emergence of a future green economy; one that harnesses human ingenuity to protect the planet’s future.
Achieving a net zero and carbon neutral world by 2050 is the defining challenge of our age. It relies on many partners working together to shoulder great costs, and to do so as equitably and efficiently as possible. It is important for policymakers to be honest about the challenges businesses, investors, and consumers will have to face if we are to halt global warming on the sort of timescales scientists are telling us is necessary.
Australia’s changing climate represents a significant challenge to households, communities, government and industry. We are already experiencing the adverse effects of climate change including average temperature increases, more frequent extreme weather events and rising sea levels. This is expected to continue unless we grasp the opportunity to make more sustainable choices and reduce future emissions.