Future-Focused Materiality: According to a recently published statement by 11,000 scientists from 153 countries, the world still has enough time to get its act together.
There are positive signs all over that show that change is underway. US $7 trillion has been divested from fossil-based assets in the last 5 years. The world population is showing signs of stabilization as the fertility rate has almost halved to 2.4 births per woman in the last two generations.
However, scientists agree that the world is in a state of climate emergency, that the pace of change needs to increase by multi-folds. Where do your opportunities and responsibilities in this transition lie?
Towards 2030 fossil fuel production must decline to achieve Paris Agreement targets but by how much and how does fossil fuel production in countries look like in the next decade?
The latest research report by SEI — Stockholm Environment Institute shows that by 2030, the world will produce 120% more fossil fuels than what is needed to remain below a temperature rise of 1.5 degree Celsius and 50% more fossil fuels in the case of 2-degree temperature rise.
This means that the world over the expectations and demands on investment in renewables and disinvestment from fossil fuels will change. What that change would look like would depend on many other drivers. Question is how companies can enable and surf this transition to thrive in the future?