Two business cycles to prepare for a low-carbon world

by Michael Liebreich, Bloomberg NEF

This week, as delegates from nearly 200 nations congregate in Katowice for COP24, the 24th annual UNFCCC conference on climate change, ‘tis the season to take stock of the state of climate politics around the world. Spoiler alert, it’s not a particularly jolly read.

Paris, at least on the surface, serves as a great metaphor for global climate politics. Three years ago, those same COP delegates gathered with their political masters in the City of Lights to sign an historic agreement committing the world to limit global warming to below 2°C. Today, Paris is again in the news – but this time for riots triggered by increases in fuel tax designed to help deliver France’s climate goals. Lofty ideals, soaring rhetoric, ambitious targets – meet popular push-back!

Read more: https://about.bnef.com/blog/liebreich-two-business-cycles-prepare-low-carbon-world/

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