Accelerating the transition

The transition to a green economy is fuelled by changes in climate policy, changing investor sentiments, advancements in technology and customer demand (UNEP, n.d.). Nonetheless, these changes are not yet happening at the speed and scale required to reach a net zero target by 2050. So, what could help accelerate the transition, and how can any associated risks be effectively managed?

Perceptions around the risks of climate change and the need for climate action are already changing. People are increasingly realising the extent to which human activities are adversely impacting the prospects of future generations to live on a stable planet. Investors are asking businesses for disclosure of climate-related risks, and governments are being held accountable by citizens and climate-activist movements for their lack of climate action.

This growing awareness and the associated shift in expectations are creating a momentum for change that is likely to substantially accelerate the net zero transition.