December 21, 2015
What implications could the recent United Nations Climate Conference have on your supply chain?
The recent UN Climate Conference held in Paris outlined several key goals regarding the environment and climate control. Under the overarching goal of limiting post-industrial climate changes to +1.5-2 degrees C—various sub goals related to de-carbonization of our energy supply in relation to technological changes and economic opportunities were also set forth.
Developed countries have been given the legal responsibility of helping emerging nations develop climate technology and specific details regarding the limits of emissions were more clearly articulated. With a majority of world powers, including for the first time China, present- this conference was the foundation necessary to pave the way for the globally reaching transition requisite to pursue sustainability with the urgency and initiative to drive timely and meaningful results.
Possible implications of these decisions will include: government incentives for adherent companies, grants and increased investment in sustainable energy technologies, replacement of less sustainable infrastructures, and a global shift in the sense of urgency and associated methodology of pursuing sustainable innovations. Although projected changes will likely be gradual, the reinvigoration of focus initiated by this climate conference is anticipated to make a significant impact on the momentum of sustainability associated programs and research. This poses many opportunities and threats in the business world for those companies that either embrace the impending change or seek to resist its implementation.