Tag Archives: Low Carbon Economy Index

Climate Change: the Private Sector at the Barricades

I am not a naturally pessimist person (despite the title of my blog). But when it comes to climate change, I often have a sense that mankind is sleep-walking toward a holocaust of its own making. Any optimism? Well, at the risk of clutching at straws, I am heartened by the fact that elements of the private sector have joined the fray.

So we see this call to arms, for example, in Pricewaterhouse Coopers (PWC)’s most recent Low Carbon Economy Index (LCEI) report entitled “Two late for 2 degrees?” which came out in November 2012:

Business leaders have been asking for clarity in political ambition on climate change. Now one thing is clear: businesses, governments and communities across the world need to plan for a warming world – not just 2°C, but 4°C, or even 6°C.

The vast majority of my career has been spent in the private sector: a resume peppered with representatives of capitalism red in tooth and claw: Dun & Bradstreet, Sumitomo Bank, Nomura Securities, Deutsche Bank and Henderson/Gartmore Asset Management.

For the employees of this type of global company, climate change rarely penetrates the consciousness. Continue reading