Three reasons companies are being proactive about climate change

phys.org | 8/15/2018 | Staff
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For business leaders, climate change is not uncertain or in the future, but part of their everyday decision making in the here and now, says Professor Daniel Vermeer.

"Creating a new energy and resource system on a global scale – and at the speed required – is a daunting challenge and will require trillions of dollars in investment," Vermeer said. "But the cost to society is still dramatically lower than the costs of inaction, and will result in a healthier, cleaner, more stable, and more prosperous state and country in the long run."

Vermeer - Factors - Companies - Climate - Change

Vermeer sees three main factors driving companies to be proactive about climate change:

"The World Economic Forum publishes an annual Global Risk Report based on input from nearly 1,000 experts and business leaders all over the world," Vermeer said. "Over the last decade, these experts have identified the failure to mitigate and adapt to climate change as the single most important risk to the global economy, along with related issues of water stress, food insecurity and the health impacts. Companies rely on raw materials and efficient supply chains to grow their business; our collective failure to invest in cleaner energy and more resilient infrastructure translates into greater disruption and costs. As economies shift toward more low-carbon development, there are significant risks facing companies and industries that miss these transitions, and are not...
(Excerpt) Read more at: phys.org
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