A global consumer-led strategy to tackle climate change

A successful response to climate change needs vast investments in low-carbon research, energy, and sustainable development. Governments can drive research, provide environmental regulation, and accelerate global development, but the necessary low-carbon investments of 2-3% GDP have yet to materialis...

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Bibliographic Details
Published in:arXiv.org 2018-09
Main Author: Webster, Anthony J
Format: Article
Language:English
Subjects:
Carbon
Clean energy
Climate change
Ethics
Investments
Renewable energy
Sustainable development
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Summary:A successful response to climate change needs vast investments in low-carbon research, energy, and sustainable development. Governments can drive research, provide environmental regulation, and accelerate global development, but the necessary low-carbon investments of 2-3% GDP have yet to materialise. A new strategy to tackle climate change through consumer and government action is outlined. It relies on ethical investments for sustainable development and low-carbon energy, and a voluntarily financed low-carbon fund for adaptation to climate change. Together these enable a global response through individual actions and investments. With OECD savings exceeding 5% of disposable household income, ethical savings alone have considerable potential.
ISSN:2331-8422