There are growing concerns the EU’s much-heralded Green Deal to decarbonise Europe risks being derailed
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It is a position adopted by those advocating delay of climate actions that borders on climate denialism – given what the science says and evidence of extreme weather events exacerbated by human-induced global warming. Those in this camp ignore co-benefits of transitioning to clean energy, while go-slow risks the world of business easing off on its sustainability agenda.
This, she added, will include investment in clean-energy infrastructure and technologies; simplification measures for business; and an Industrial Decarbonisation Accelerator Act to support energy-intensive sectors in the green transition. The next five years will be crucial in determining whether Europe achieves its 2030 climate change targets or not, Shine adds. “More importantly, it will determine whether Europe will compete economically or not. China is leading investment in renewables, and they are driving ahead with EVs – if Europe slows down we will fall behind.”
Business needs to do the right thing and then speak up and use its influence, Shine says – especially by showing leadership such as achieving B Corp certification where companies seek to use their influence as a force for good. There are more than 8,000 B Corp companies worldwide including Change By Degrees.
A survey of Irish businesses commissioned by renewables company UrbanVolt reflects a disconnect with nearly eight in 10 not having a budget set aside for sustainability initiatives. The perceived expense of implementing green initiatives appears to be a significant issue for business owners, with 71 per cent saying they are concerned about the initial capital investment.
Ursula-Von-Der-Leyen European-Commission Climate-Change Irish-Fiscal-Advisory-Council Top1000
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