The economic opportunities in the green transition
Far from being a financial burden, the report argues that climate action presents significant economic opportunities. The global green economy, currently valued at US$5tn, is forecast to nearly triple to US$14tn by 2030.
“Climate action does not have to come at the expense of economic performance,” Jesper explains.
Ingka Group, the parent company of IKEA, exemplifies this principle. Since 2016, the company has reduced its climate footprint by 24.3% across Scope 1, 2 and 3 emissions while growing its business by 30.9%.
Jesper is keen to stress that sustainability is not just ethical, but essential for long-term business viability. “Being resource-smart is cost-smart, is business-smart,” he says.
The Alliance of CEO Climate Leaders represents a formidable coalition, with members generating a combined $4 trillion in revenue and employing 12 million people across 12 industries.
From 2019 to 2022, this group collectively reduced emissions by 10% while growing revenue by 18%.
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