Professor Allen set out the global context: rising cumulative atmospheric carbon - COP21 in Paris – Article 4 expressing the direction of travel towards zero net carbon.
He posed various questions about the opportunities, responsibilities and part played by businesses in the transition to net zero carbon. His talk, and responses to questions, contained optimism that companies might self-regulate – to deliberately plan for their businesses to flourish in, and contribute towards, keeping the peak global temperature increase to less than a specific number of degrees centigrade.
I’m also optimistic – that a global governance organisation might emerge that has teeth and is able to (if necessary) set carbon budgets globally, by region and even by country, just in case self-regulation doesn’t work. If we can imaging it, it can happen.
I’m optimistic that we will get to net zero carbon as part of the transition to a sustainable and fair future. It might be messy along the way, and my focus is on minimising the damage and disruption during the transition. I hope many people in the audience today are of a similar view. Their questions seemed to suggest they were.
The chart below shows the likely trajectories of several business sectors towards a net zero carbon future, with electricity being the leader and transportation the laggard.
The Planetary CFO - working towards a sustainable World Balance Sheet.