Climate change has become a defining factor in companies’ long-term prospects. Last September, when millions of people took to the streets to demand action on climate change, many of them emphasized the significant and lasting impact that it will have on economic growth and prosperity – a risk that markets to date have been slower to reflect. But awareness is rapidly changing, and I believe we are on the edge of a fundamental reshaping of finance.Larry Fink Chairman and CEO BlackRock
- The private sector has a leading role to play in driving the energy transition.
- A balance must be struck between widening access to energy and building in resilience.
- Digitalization, decarbonization, diversification and discovery are the strategies that can underpin this process.
When energy changes, so does the world. As a new decade beckons, the pace of change needs to accelerate.
There is a lot at stake.
Extreme weather, widespread crop failure, species extinction and sea-level rise are all aspects of our changing climate being felt by communities, families and businesses across the globe. Meanwhile, billions of people in developing countries lack access to modern energy sources like electricity and natural gas, instead relying on highly-polluting fuel sources. With the global population forecast to rise to 9 billion by 2040, our current challenges will only become amplified.
NEWS AND VIEWS FROM AROUND THE WEB ON ENERGY EFFICIENCY & TRANSITION