Consensus, Clearly Stated

May 14, 2008 at 11:55 pm Leave a comment

Posted by Nick

Wharton’s online journal recently published a compelling piece (thank you, Marty) that discussed the business hot spots bubbling up in response to climate change. Utilities now have huge regulation targets on their backs due to their (gross) emissions, and their sources of security and funding (insurers and banks) are similarly squaring down with an increased business reality that global warming means global cooling of their businesses, unless they respond and adapt. (Disclaimer, I used to work with utilities, insurers, and banks to finance municipal power plants, and was pleased to see local agencies leading the charge towards renewable, diversified power portfolios).

Wharton’s apparently doing more than just talking about these challenges, it recently launched its Initiative for Global Environmental Leadership (IGEL), creating a much needed link between the academic, corporate, and government sectors. With the regulatory aparatus poised to take a leadership role in 2009 for the first time in nearly decade–both McCain and Obama have pledged to prioritize the fight against climate change–what many refer to as a cycle response to global warming looks like to finally become institutionalized. Consensus is gathering–good news all around.

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