Green Economy To Hit $14 Trillion In 2030
Boston Consulting and the World Economic Forum have compiled a report on the green economy now and in 2030. The purpose is to give a roadmap to large company CEOs
The project’s researchers stated its primary purpose: “Early movers that integrate adaptation, decarbonization, and resilience into their strategies will lead in a rapidly transforming world, where inaction threatens not only competitiveness but long-term survival.” The balance of the report explains why companies should make massive investments in transforming the environmental economy.
Cost Of Disasters Hits $3.6 Trillion.
Climate-related disasters have cost $3.6 trillion since 2000. This continued trend will grow and could erode global GDP by 16% to 22% by 2000.
The report estimates drops in EBITDA by industry based on climate effects. It divides the world into five zones: Europe, North America, South America, Asia-Pacific, and Africa-Middle East.
The study’s primary financial conclusion is that “The green economy is projected to soar from $5 trillion in 2024 to over $14 trillion by 2030. Early movers in renewable energy, sustainable transport, and green consumer products stand to gain substantial competitive and regulatory advantages, positioning themselves as leaders in rapidly expanding markets.”
Managing Climate Assets
The authors suggest that companies inventory their current assets’ climate risk, manage those assets, add capital for climate opportunities, and monitor climate risk going forward. Governance and management should be set up to “align” with these.
Finally, the authors give CEOs several incentives for change. One is that it will be able to attract better talent. Another is that they will be able to cut their carbon emissions. The other is that sustainability is a competitive advantage.
More from ClimateCrisis 247
- Trump Wants More Nuclear Power
- Extreme Weather Insurance Costs Hit $145 Billion
- The Great Salt Lake Is Almost Gone
- Climate Crisis Insurance Catastrophe Threatens US Economy
