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In order to avoid one Climate disasters, the entire world needs to change its business methods. It is difficult to exaggerate the extent of the required transformation. We need new ways to grow food, make things, move around, generate electricity, and heat and cool our buildings, all without releasing greenhouse gases. What the world needs now is a new one, Clean The industrial revolution, so we can reach net zero in 2050.
This is an ambitious goal, but it is achievable. I think three things will happen in 2022, which will accelerate the fundamental transition to a clean economy.
the first is climate change Will remain a high priority. This may seem simple, but in fact it represents a break with the past. After the 2008 recession, public opinion polls showed that climate change lags far behind in the global voter’s list of priorities. However, in this crisis, climate change has not retreated to the second place. Even in places devastated by the pandemic, young people, activists, shareholders, and employees will hold government and business leaders accountable for real progress.
Second, global business and political leaders will respond to these demands through specific emission reduction plans. This will also break the past, when governments and companies could make thin, feel-good promises, but they didn’t actually play a big role in solving the problem. Those days are gone forever.
In 2022 and beyond, companies will be praised not only for investing in sustainable development, but also for making The right type Investment—especially clean technologies that reduce future emissions. Investors will accelerate their escape from technologies that cause climate change. On the basis of global trends, private capital is increasingly investing in the energy transition, which will increase to US$500 billion (£361 billion) by 2020.
Investors will also increasingly reward companies that have taken courageous measures to fund technologies that we need to reach zero but have not yet deployed-technologies such as clean hydrogen, direct air capture, long-term power storage, and sustainable aviation fuel. These investments will be guided by better tools, such as the emerging climate technology framework developed by the non-profit Carbon Disclosure Project (CDP), which measures the impact of today’s investment in clean energy on tomorrow’s emissions.
We will also see the private and public sectors use their purchasing power to create new markets for clean products-such as committing to purchase electric vehicle fleets, use cleaner steel and cement in their construction projects, and obtain more electricity from zero-carbon sources. As the consumption of these products increases, their markets will become more mature, spurring innovation and lowering prices.
The more governments and companies are involved in eliminating emissions, the more they need to cooperate with others. So my third prediction is that we will see the rise of new ways of cooperation.
The government and the private sector will create new operating models so that we can establish a market for these products and accelerate the transition to a clean economy. One example is the work being carried out by the European Commission using Breakthrough Energy, a network of investment tools, philanthropy programs and advocacy work that I founded. In the next five years, Breakthrough Energy and the European Commission will raise up to US$1 billion (£722 million) to build large-scale commercial demonstration projects for climate smart technologies, thereby generating practical experience that is critical to climate smart technologies. The cost of the new solution. More such partnerships will emerge in 2022.
I am excited about the coming year and I believe we are at the beginning of a revolution that will be driven by the next generation of clean technology. The challenges ahead cannot be greater, but the seeds of a net-zero economy are being sown all over the world.
Get more experts’ predictions for the coming year. The wired world in 2022 With intelligence and insights that need to be known from the brightest minds in the WIRED network.It’s now available on newsstands as Digital downloadOr you can Order your copy online.
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