the commerce of climate
DESCRIPTION
The Commerce of Climate. 29 SEPTEMBER 2007. Photo by roger Braithwaite and Jay Zwally. Agenda. Introduction Brief overview of the issue (10 mins) Panelist presentations (5 mins each) Open debate (45 mins) Short break Break-out Groups (30 mins) Debrief at 16.15. - PowerPoint PPT PresentationTRANSCRIPT
29 SEPTEMBER 2007
The Commerce of Climate
PHOTO BY ROGER BRAITHWAITE AND JAY ZWALLY
Agenda
Introduction Brief overview of the issue (10 mins)Panelist presentations (5 mins each)Open debate (45 mins)Short breakBreak-out Groups (30 mins)Debrief at 16.15
The Stern Review ’06: The Economics of Climate Change
The scientific evidence is overwhelming: It’s happening and the global risks are severe
SOURCE HURRICANE KATRINA PICTURE (RIGHT): HTTP://WWW.ELSEVIER.NL/ARTIMG/200701/KATRINAWORLDPRESS.JPG
Climate Change is the greatest and widest-ranging market failure ever seen
Stern calls for cuts in CO2 emissions of between 50-80% Kyoto Protocol at 5% average global cuts EU agreed to 20% cuts by 2020
The Stern Review ’06: The Economics of Climate Change
HTTP://WWW.HM-TREASURY.GOV.UK/MEDIA/8AC/F7/EXECUTIVE_SUMMARY.PDF
Total cost of Business-As-Usual = 20% reduction in per capita consumption, now and into the future
Annual costs of stabilization ≈ 1% of GDP by 2050 Significant, but manageable
The transition to a low-carbon economy will bring challenges for competitiveness, but also opportunities for growth
There is a high price to delay If we don’t act within 10 years, it may be too late
The Stern Review ’06: The Economics of Climate Change
Good News/Bad News
G-8 statementUS policy shiftChinaLarge Cities Initiative with ClintonBreakthrough at the Montreal ProtocolThe Inconvenient Truth tips public opinion
(and wins Oscar)
The International Policy Debate
Kyoto Protocol country commitmentsPost-Kyoto negotiationsG-8Bush’s Big Emitters GroupNo New Oil campaign
PICTURE SOURCE: WWW.CBC.CA/NEWS/BACKGROUND/KYOTO
Tackling Climate Change
Action vs. Inaction?
Questions
After reading the Stern Review, how do you see your company being part of the solution? Can you meet a 50-80% cut in CO2 emissions vs. 1990
levels?
What climate investments are you making?
What structural changes do you think are necessary to meet the climate challenge?
Does your personal carbon footprint matter?
How can a business school make a difference?
Break-Out Groups
Additional Reading
UN’s Climate Secretariat www.unfccc.int
Intergovernmental Panel on CC www.ipcc.ch
RSM’s Sustainability and Climate Research www.erim.eur.nl/scr
Planet 2025 e-news bulletin www.planet2025news.net/
Check your carbon footprint www.carbonfootprint.com
