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British economist Nicholas Stern warns that if there's no active climate action, countries can face economic decline. Speaking at an innovation forum that was part of London Climate Week events, Stern adds that the growing climate threat "creates an environment so hostile that growth will be reversed."
Stern emphasizes that while efforts to shift economies are already underway, they are still "not nearly fast enough. Stern chairs the Grantham Research Institute on Climate Change and the Environment in London.
Ovais Sarmad, deputy head of the U.N. climate secretariat, said that the climate threat is already recognized among business and financial leaders. But according to Sarmad, "...recognising and doing something about it are different things."
Thought, economic, and business leaders at the innovation forum agree that it will require not just new technology and policies, but shifts in behavior by the people, where most of them might not be that eager yet to make the changes.
The solution? According to Chris Stark, head of Britain's Committee on Climate Change, an independent advisory group, leaders have to "engage real people, not people who come to conferences like this, but people going about their daily lives."
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Social Enterprise HandiConnect Wins Audacious Award in New Zealand
Social enterprise, HandiConnect, wins the Audacious-Business Idea competition’s Doing Good category. The company is spearheaded by University of Otago entrepreneurship master’s student Nguyen Cam Van.