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1/ The election of Joe Biden in the United States is great news for climate and the world.
It comes in time to collide with another trend that will end up profoundly driving low carbon business models
Welcome to the era of Low Carbon CEO Activists
Thread
It comes in time to collide with another trend that will end up profoundly driving low carbon business models
Welcome to the era of Low Carbon CEO Activists
Thread
2/ Biden’s promise to reintroduce America to the Paris Agreement, which he has promised will happen on his first day in office, is coupled with a plan that could enable the world’s largest economy to reach net-zero emissions by 2050 https://buildbackbetter.com/priorities/climate-change/
3/ This could mean significant changes for US business. With a push toward low carbon investment in energy supply, infrastructure, buildings, manufacturing and transport, the US will be part of the much-needed transition to low carbon business models https://edition.cnn.com/2020/11/09/politics/biden-climate-plan-election-intl-hnk/index.html
4/ On the more ambitious range of outcomes, Alexandria Ocasio-Cortez @AOC introduced the Green New Deal, a proposal which aims to reduce greenhouse gases in the country as well as fixing societal problems such as economic inequality and racial injustice https://www.nytimes.com/2019/02/21/climate/green-new-deal-questions-answers.html
5/ The @AOC deal may not get through the Senate - we’re waiting on the two runoff races in Georgia to see if this is feasible. More than anything else, however, there is lots Biden can do regardless of a Senate majority. https://www.bloomberg.com/news/articles/2020-11-06/what-biden-can-really-do-on-climate-even-without-the-senate?srnd=premium&sref=1fgx274d
6/ The principal impact is through putting low carbon stipulations on stimulus money to drive an economic recovery will mean a big swing to low carbon from Trump’s “any-carbon” or carbon agnostic approach to stimulus. This is big. https://www.washingtonpost.com/politics/biden-transition-coronavirus-stimulus/2020/11/08/25b63738-21d3-11eb-a688-5298ad5d580a_story.html
7/ Business of course plays a vital role in the transition to a low carbon economy and Biden’s plan for environmental justice shows a desire for understanding the nuances of how environmental, economic, social and racial justice are intertwined https://joebiden.com/climate-plan/
8/ This connection means that companies will benefit from the introduction of climate-friendly policies and low carbon business models.
The shift to CEO Activists is going to speed up with Climate a key focus https://hbr.org/2018/01/the-new-ceo-activists
The shift to CEO Activists is going to speed up with Climate a key focus https://hbr.org/2018/01/the-new-ceo-activists
9/ Last year, 200 Business Leaders including Carol Tomé @UPS, Jeff Bezos of @Amazon, Tim Cook of @Apple @Stewart, @Benioff and Julie Sweet of @Accenture re-defined the Purpose of the Corporation.
(this group is stunningly skewed white and male) https://opportunity.businessroundtable.org/ourcommitment/
(this group is stunningly skewed white and male) https://opportunity.businessroundtable.org/ourcommitment/
10/ The trend of corporations, led by their CEOs, taking open leadership roles in climate is boosted by organisations and collectives such as @WMBtweets and long time corporate leaders such as @paulpolman @unilever and Rose Marcario @patagonia https://www.weforum.org/projects/alliance-of-ceo-climate-leaders
11/ To push corporate climate leadership further and faster we need three things:
1. More Low Carbon CEO Activists
2. Less focus on offsets / more on transforming business models
3. Startups offering corporations shortcuts to low carbon business models in 1-3 year time horizons
1. More Low Carbon CEO Activists
2. Less focus on offsets / more on transforming business models
3. Startups offering corporations shortcuts to low carbon business models in 1-3 year time horizons
12/ More on this in further threads - in the meantime you can sign up for my Low Carbon Leadership newsletter https://newsletter.halohq.io/low-carbon-leadership-newsletter-signup
