UN climate report a 'wakeup' for entrepreneurs: Kerry

Image
AFP Washington
Last Updated : Apr 13 2014 | 8:55 PM IST
A new UN report tackling greenhouse-gas emissions should serve as a "wakeup call" for entrepreneurs, especially in the energy sector, US Secretary of State John Kerry said today.
"We've already had wakeup call after wakeup call about climate science. This report is a wakeup call about global economic opportunity we can seize today," he said of the Intergovernmental Panel on Climate Change (IPCC) report issued in Berlin.
"The global energy market represents a USD 6 trillion (4.34-trillion-euro) opportunity, with six billion users around the world. By 2035, investment in the energy sector is expected to reach nearly USD 17 trillion."
"We already know that climate science is unambiguous and that every year the world defers action, the costs only grow," Kerry said in a communique issued by the State Department.
"But focusing only on grim realities misses promising realities staring us right in the face. This report makes very clear we face an issue of global willpower, not capacity."
The report by the Nobel-winning expert panel said the world had a likely chance of meeting the UN's warming limit of two degrees Celsius if it cuts annual greenhouse-gas emissions 40 to 70 per cent by 2050, especially from energy.
*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Apr 13 2014 | 8:55 PM IST

Next Story