Today we want to focus on an FT article that discusses Members of Parliament criticizing the current UK climate plan as it does not chart an exact path to 2050 goals. If any country is going to achieve the goals of the Paris Agreement their path should probably be unclear at this time, in that transitional steps are needed to get from here to 2050, which are improvements on current power, and transport systems but not the ultimate solution. Furthermore, we still need some new technology, either improvement in current processes or radical breakthroughs to solve some of the harder emission problems.
While Corporate America has been tugged towards climate and other sustainability issues for years, the step changes of 2020 were significant. The willingness to listen and act, moreover, is high and rising every day. Climate change is becoming more widely recognized and accepted as a critical issue by U.S. corporations. In fact, in our strategy-focused consulting business, we are now almost exclusively focused on climate change and environmental, social, and governance (ESG) related initiatives. This shift has been driven by demand – rather than us – from companies new and old looking for the right answers.