In this video, Lord Adair Turner, Former Chairman of the Financial Services Authority, James Bevan, Chief Investment Officer at CCLA and Paul Simpson talk about the CDP report which ranks companies in terms of their climate performance. This report comes on the heels of Standard & Poor’s Ratings Services which stated that climate change will hit countries’ economic growth rates and public finances. Former U.S. Treasury Secretary Henry Paulson recently said that climate change is, “the single biggest risk that exists to the economy today.”
The IPCC has also indicated that we are a mere 30 years away from exhausting our carbon budget. The current emissions trajectory is dangerously unsustainable. To address the crisis we face both businesses and governments need to substantially raise their carbon reduction efforts.
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