It didn’t seem that long ago that it was all about billions — billions of dollars of climate investments, billions of tons of carbon reductions and billions in new market opportunities. Billions of assets under management being screened for climate risk. All to stem billions more in environmental damage, GDP loss, natural capital savings and ecosystems decline. And probably a billion other things.
That was so last year.
Bye-bye, billions. It’s time for trillions to seize center stage.
Yes, trillions. With a T.
In the ramp-up to Climate Week, unfolding in hundreds of events across New York City over the next five days or so, there’s been a raft of reports, commitments and declarations touting big, big numbers. It’s a clear sign that the money side of climate change — both costs and opportunities — is rising in lockstep with a recognition of the stakes to people and the planet.
Read the story from GreenBiz by Joel Makower - “The new language of climate change: Trillions.”
