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| Climate Change — Citi Group Weighs In: Do We Invest Up Front in A Low Carbon Economy…or Not? What Are the Consequences of Action / No Action? There are legions of experts and scientists focusing on climate change, and discussing their views on the root causes (of polar caps melting at an alarming pace, oceans steadily warming and seas rising, serious droughts increasing, super storms, and more dire results of global warming). There are also CC and GW “deniers,” especially some folks in industry and the public sector, who for their own various reasons debunk the notion that actions of humankind are behind the warming of the planet. We can expect that somewhere in the broadening debate leading up to the 2016 U.S. presidential campaigning we’ll see climate change as an issue, with pro and con positions articulated by candidates and their supporters. What about the financial impact related to global warming — who is weighing in on that aspect, and what could influence will the cost of the planet warming be to our human society? America’s third largest bank has focused on these issues and offered up a report for our consideration. Citi Group’s “Citi Global Perspective & Solutions” unit examined two scenarios — the cost/benefits of taking “action” or choosing “inaction” — do we move toward a low-carbon economy or not — and what would be the financial consequences of each choice. Is transitioning to a low-carbon energy mix the pathway to lower the financial impact of global warming on society? The report authors looked in depth at a potential investment in the “action” scenario, as well as the “inaction” approach over the next quarter century. The results may be surprising to you. Teaser from Citi’s report: Says The Guardian editors of the report, “[This conclusion] soundly refuses the main argument against climate action — that it’s too expensive, with some contrarians even having gone so far as to claim that cutting carbon pollution will create an economic catastrophe…” You’ll want to read our Top Story this week — consider it be one more resource now added to the climate change debate. As such, the Citi unit’s report is sure to be chatted up by folks who favor the taking “action” scenario. Top Story of the Week Citi report: slowing global warming would save tens of trillions of dollars Sustainability in Focus How to turn sustainability into a billion-dollar business Billion-Dollar Companies Creating Competitive Advantage with Sustainability Effective Sustainability Reporting Can Make Good Businesses Great Social Sustainability: How Well is Your Organization Doing? The Transformative Potential of Sustainability Education New minor teaches sustainability’s relationship to variety of fields Boxed Water Wants To Add A Tiny Bit Of Sustainability To The Bottled Water Industry General Assembly hands over draft global sustainability agenda to UN Member States Behind the first 15 years of GRI sustainability reporting 7 Companies Making Billions With Sustainability Navigating Sustainability and Your Fiduciary Duty Inside the brain of sustainability reporting
ESG Issues & Players The West Is Burning And Due To Climate Change That May Be The New Normal This Is Why Global Income Inequality Is a Real National-Security Threat Eni Discovers Massive Gas Field in the Mediterranean
Asset Managers, US Pension Funds, Pension Funds Oppose Combined BofA Chairman, CEO Roles US Bank Earnings Jumped in 7.3 Percent during Second Quarter: FDIC Says Swiss freeze millions amid probe of Malaysian fund
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Climate Change — Citi Group Weighs In: Do We Invest Up Front in A Low Carbon Economy…or Not? What Are the Consequences of Action / No Action? (September 10, 2015)
September 11, 2015
