Updated: Sep 22
Climate Report Will Drive Policy Change
The climate scientists from the Intergovernmental Panel On Climate Change (IPCC) put out their sixth report this summer, and the news was terrible. In a nutshell, it's getting hot in here.
The report says climate change is real; humans are increasing the speed at which the atmosphere and oceans are warming, ice caps are melting at a rate that cannot be reversed, rivers and lakes are drying up, and forests are burning.
How does this affect your business? Well, besides the fact that you probably have a percentage of employees with climate anxiety, it would be best if you had a new 5-year plan to prepare for the impact of extreme weather on your assets and our already crumbling infrastructure.
Then, there's the fact that extreme weather will not only continue to gum up our supply chain but drastically reduce staple crops. Wheat, coffee, almonds, and avocados are all expected to decline. A 50% price increase for a packet of spaghetti is predicted due to reduced wheat crops, Dios Mio, Basta!
Mainly the report provides the facts to regulators to introduce environmental policy and regulations. Everything above was already happening with or without the IPCC report.
What's the good news? First, facts enable action, strategy, and meaningful change. We can innovate and work together to limit CO2 emissions and other greenhouse gas emissions, which will curb the warming effect of the earth and improve air quality.