Experts: Right-wing shift may slow, not reverse climate action
==========
A political shift to the right in Europe and the potential election of Donald Trump in the United States will not derail climate efforts as businesses are increasingly committed to green strategies. The shift to right-wing parties in Europe, India, Indonesia, and Argentina, along with the potential election in France, is offset by left-wing gains in Mexico and the expected gains in the United Kingdom. The November election in the United States could slow down progress on climate action, but it will not stop it. Chief executive officers understand that avoiding climate responsibility is not a good business plan. Nearly 6,000 of the world's biggest companies have plans aligned with capping global warming at 1.5 degrees Celsius. While there has been a backlash against environmental investing in the United States, companies are still shifting towards renewable energy. European Union climate policy ambitions have been watered down, and companies are reluctant to make their climate goals public. However, the real economy will continue to move towards decarbonization. The pace of change may be affected by politics, but a reversal is not expected. The advanced economies are no longer investing in coal as it is no longer cost-competitive.
#ClimateAction #RightwingShift #Businesses #GreenStrategies #Elections #UnitedStates #Europe #RenewableEnergy #Coal
https://www.thestar.com.my/business/business-news/2024/07/01/experts-right-wing-shift-may-slow-not-reverse-climate-action
The Star Online /
npub1z0h…sx82
2024-07-01 02:20:36
Author Public Key
npub1z0hpqancwfcw2qsk6d2wxpru8wf3r07wtgsnkdxpslde590kq5msyksx82Published at
2024-07-01 02:20:36Event JSON
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"content": "Experts: Right-wing shift may slow, not reverse climate action\n==========\n\nA political shift to the right in Europe and the potential election of Donald Trump in the United States will not derail climate efforts as businesses are increasingly committed to green strategies. The shift to right-wing parties in Europe, India, Indonesia, and Argentina, along with the potential election in France, is offset by left-wing gains in Mexico and the expected gains in the United Kingdom. The November election in the United States could slow down progress on climate action, but it will not stop it. Chief executive officers understand that avoiding climate responsibility is not a good business plan. Nearly 6,000 of the world's biggest companies have plans aligned with capping global warming at 1.5 degrees Celsius. While there has been a backlash against environmental investing in the United States, companies are still shifting towards renewable energy. European Union climate policy ambitions have been watered down, and companies are reluctant to make their climate goals public. However, the real economy will continue to move towards decarbonization. The pace of change may be affected by politics, but a reversal is not expected. The advanced economies are no longer investing in coal as it is no longer cost-competitive.\n\n#ClimateAction #RightwingShift #Businesses #GreenStrategies #Elections #UnitedStates #Europe #RenewableEnergy #Coal\n\nhttps://www.thestar.com.my/business/business-news/2024/07/01/experts-right-wing-shift-may-slow-not-reverse-climate-action",
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