Why Capitalism Can Make A Big Impact On Climate Change

Why Capitalism Can Make A Big Impact On Climate Change

CAMARILLO, CA - MAY 3: A man on a rooftop looks at approaching flames as the Springs fire continues ... [+] to grow on May 3, 2013 near Camarillo, California. The wildfire has spread to more than 18, 000 acres on day two and is 20 percent contained. (Photo by David McNew/Getty Images) If the pursuit of corporate profits led to the paradox now posed by climate change, then the same precept applies if global leaders want to reach net-zero. That's a cornerstone of the proposed securities rules — requiring companies to disclose their climate-related market risks. Roger Ballentine explained the logic, a climate capitalist who is the president of Green Strategies Inc. Cheap fossil fuels have powered the globe's remarkable economic growth. But times have changed, and now is the moment to align profit-seekers with climate-friendly businesses. The market will reward companies that embrace the challenge, while those that do not will get sidelined. The U. S. Securities and Exchange Commission (SEC) would require companies to reveal their climate risks — part of the agency's "core bargain" with investors. The proposal was issued for comment on March 21, and a final rule is coming. "Climate is a business issue.