Some argue that the transition to renewable energy and environmental sustainability is a non-financial topic. In fact, both are fundamental to financial, social and economic viability. The ‘smart money’ understands that.
“Every major company needs to have a strategy for net-zero,” says Mark Carney, the next UN Special Envoy on Climate Change, “the smart money is on the transition from fossil fuels.”
In conversation with The Sunday Edition‘s host Michael Enright, Carney stressed that citizens in countries such as Canada and the United Kingdom have agreed, through their elected parliaments, to meet the target of the 2016 Paris Agreement to limit the increase in global temperatures to 1.5 degrees C. The Intergovernmental Panel on Climate Change has stated that target cannot be met without reaching net-zero emissions by 2050.
Here is a direct audio link to his interview on CBC radio on Friday.
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