Changing The Conversation
We believe businesses of today need to look beyond the old models and embrace new ideas. Recently the Nobel Prize in economics was awarded to, American economists William Nordhaus and Paul Romer.
“This year’s Laureates have designed methods for addressing some of our time’s most basic and pressing questions about how we create long-term sustained and sustainable economic growth,” the Royal Swedish Academy of Sciences said in a statement.
Source CNN Business
Embracing New Ideas
Change will require a global commitment as well as government intervention. The type of commitment that has been demonstrated with the enacting of the Montreal Protocol.
Actions of Today
Our approach to sustainable economic growth and environmental sustainability are small steps towards the journey of new ideas. Taking small steps today by improving the productivity builds the foundation for the larger changes that will come. Experiencing, the direct benefits sustainable economies provides the desire for new ideas. Ideas that will encourage science to develop new methods of providing cleaner more reliable energy as well as the commitment globally to prevent the dire predictions of continued climate change.
The Planet is Changing
“This is concerning because we know there are so many more problems if we exceed 1.5 degrees C global warming, including more heatwaves and hot summers, greater sea level rise, and, for many parts of the world, worse droughts and rainfall extremes,” Andrew King, a lecturer in climate science at the University of Melbourne, said in a statement.
Global net emissions of carbon dioxide would need to fall by 45% from 2010 levels by 2030 and reach “net zero” around 2050 in order to keep the warming around 1.5 degrees C.
Lowering emissions to this degree, while technically possible, would require widespread changes in energy, industry, buildings, transportation and cities, the report says.
“The window on keeping global warming below 1.5 degrees C is closing rapidly and the current emissions pledges made by signatories to the Paris Agreement do not add up to us achieving that goal,” added King
As Paul Romer Said
“Many people think that protecting the environment will be so costly and so hard that they just want to ignore the problem,” he said via phone. “I hope the prize today could help everyone see that humans are capable of amazing accomplishments.”