One Last Chance

November 3, 2008 | In: Business, Science, Policy, Media, Social & NGOs

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Founder
Copenhagen Climate Council

Today, at the Climate Community, Dr. Steve Chu, one of the world's leading climate researchers, issued the most serious warning against global warming yet offered by the scientific community. Copenhagen Climate Council Founder Erik Rasmussen says we ignore Chu's clarion call to action at our peril.

The world is heading straight towards a financial catastrophe of incalculable proportions. This is not a consequence of the current crisis in the world's finance markets, but the inevitable result of climate change. This is the main conclusion in the hitherto most serious warning against global warming sent out by the scientific community.

It is to be put forward today at the Climate Community, by one of the world's leading energy and climate researchers, Nobel Prize-winner and Copenhagen Climate Councillor Steve Chu. In his opinion, an average global increase in temperature of more than 4°C is unavoidable. This, in turn, will lead to a series of dramatic consequences which, according to Professor Chu, will precipitate worldwide economic collapse.

If the leaders of the world community fail to respond quickly and palpably to such an alarming prediction, be they politicians or business people, they will carry a huge burden of responsibility. And these findings are merely the latest in an ever-increasing series of still-more-convincing indications that climate change is accelerating. We are about to pass the turning point beyond which we will not be able to prevent catastrophic climatic damage.

Averting the meltdown

The fact is that we are further away from real solutions to climate changes than ever before. They continue to accelerate out of control, while there is still no sign that the world community is capable of reaching consensus on what is indisputably the largest and most pressing threat mankind has ever faced.

But it is not too late to avoid a total meltdown of the world economy. This is the conclusion reached not only by Professor Chu, but also many other leading climate and finance experts, including Sir Nicholas Stern, who are also inspired by an unprecedented level of global initiatives, including comprehensive, large-scale investments in energy efficiency, new technology, new sources of energy, and better infrastructure.

The Copenhagen Climate Council heads up a global partnership with a shared ambition: to demonstrate that solutions are indeed possible, that initiatives can be implemented, and that the business community is prepared to take upon itself a collective leadership in the battle against global warming. The partnership numbers six international organisations, all of which have climate change as a primary focus area. These organisations are UN Global Compact, World Business Council for Sustainable Development, World Economic Forum Climate Change Initiative, Combat Climate Change (3C), The Climate Group, and Copenhagen Climate Council.

The business community must lead the way

The task at hand is straightforward, imperative, and formidable: By May 2009 the partners, on behalf of global commerce, must put forward a shared proposal for tackling the world's climate problems. This proposal is to be presented for the hosts of the UN summit to be held in Copenhagen in December 2009 – the Danish government. The government has requested that international business presents itself concisely, precisely, and with one voice.

This proposal will be completed and presented at the World Business Summit on Climate Change in Copenhagen from 24-26 May 2009 – the most important event for the business community prior to the UN summit. Nothing can be more important than businesses joining ranks to propose how the world should avoid a financial implosion.

Work is already under way on the proposal. From now until May 2009 the six partners will be catalysts in an international dialogue on how to solve the climate issues we are facing. Among many other initiatives, this will occur via the Climate Community, the interactive website you are currently visiting.

An asteroid on the horizon

This is just one of many schemes that need to be implemented and which must succeed during the months ahead. We are fast running out of time in the fight against irreversible climatic change. The criterion for success is that the warning put forward today by Professor Chu, and supported by an ever-growing number of leading scientists, is listened to, understood, taken seriously, and then leads to a coordinated and ambitious series of actions.

The greatest hindrance to rapid action is that the current financial crisis has diverted focus from climate change. This only increases the risk of a crash of an unprecedented order. The financial and climate crises are combining to create a self-reinforcing negative spiral. They need to be viewed and understood as being connected – and therefore also solved together.

If an asteroid was heading towards Earth and scientists could document that it would, without doubt, collide with the planet within the space of 12 years and threaten life as we know it, the subsequent reaction would be massive, to say the least. The world community would come together in an all-embracing joint effort to prevent the asteroid from destroying us. But an asteroid – a climate asteroid – is heading our way, accelerating with every passing day. And we are already beginning to suffer the consequences.

Despite this, a joint global initiative remains a distant hope. The first joint political rescue plan can be effectuated no earlier than in December 2009 – and there are serious reservations as to whether even this will be effective.

Global cooperation

The mission of the new 'Climate Community,' launched 3 November 2008 by the Copenhagen Climate Council, is to motivate and head up the efforts required to prevent this climate asteroid from destroying our civilisation, and with it the future for our children. The countdown for ever-increasing climate change must be matched by an equally dramatic countdown to a new industrial revolution that can transform the threat of climatic change into a unique opportunity for growth. Never before have the stakes been so high and the time to act so short.

Global cooperation is a prerequisite if the Copenhagen Climate Council is to be a success. Companies across the world must recognise our common enemy – and the many opportunities that will arise from combating it – and take a direct, shared responsibility for the future of our planet.

For, as Steven Chu says, "There's nowhere else to go."

 

 


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