Opinion: Business uncertainties on the long road to a certain low-carbon world

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Business uncertainties on the long road to a certain low-carbon world GlobeBusiness

This translation has been automatically generated and has not been verified for accuracy.It was all about the climate this week. At three big climate conferences around the world, there was a tension missing from previous events. The climate is changing fast, and societies, economies and corporations can forget about business as usual. The issue no longer has shades of grey – it’s all fire-engine red.

On Friday afternoon, as the Madrid conference was winding down, talks on the crucial Article 6 of the 2015 Paris Agreement were going into overtime, though there was no guarantee of consensus because the usual suspects – the United States, Australia, Brazil – were said to be engaging in blocking tactics. The article was the focus of the UN’s so-called COP25 conference.

The implications of the institutional and legal momentum behind the creation of a carbon-neutral economy in little more than a generation are hard to overstate, all the more so since hydrocarbon production continues to rise as populations grow and developing countries move up the wealth ladder – they too want cars, air conditioners and airline tickets.

 

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