Climate change has become a business reality, and executives should get ready for a major shift in the economy. The value at stake is huge.
Some companies will be winners and others losers in the gradual transition to a global low-carbon economy—a transition driven by regulation and structurally higher energy prices.
A drive to reduce greenhouse gas emissions in existing infrastructure and products, coupled with the emergence of new low-carbon business models and value chains, will provide many opportunities for business.
Companies should act aggressively where the benefits are clear, plant seeds for future expansion in highly uncertain areas, and try to shape the regulatory landscape.
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