With all economic and environmental indicators pointing towards a clean energy future … the Trump administration continues to move the U.S. backwards by repealing the Clean Power Plan.
While disheartening at a personal level, at a professional level I see no signs of the private sector retreating from the clean energy economy. Leading companies are zeroing in on the strategic moves that strengthen long-term business resilience.
Right now there is a broad and diverse coalition supporting the Clean Power Plan, including 18 states, 60 municipalities in red and blue states, some of the nation’s leading power companies, consumer and ratepayer advocates, faith organizations, public health associations, small business associations, iconic corporate leaders like Apple, Google, and Mars, and many others.
We’re too far down the road to a clean energy economy to turn back now.
Resilience is the hard-earned ROI of both business and nature. And when the two work together they do more than survive; they thrive. Long-term business competitiveness relies on the capacity to plan for the future, adapt to challenges and changing market conditions and thrive in a progressively connected and global marketplace. Increasingly, business competitiveness and long term resilience are being impacted by climate change, from scarcity of natural resources to disruptions to global supply chains.
And now, Washington is selling a misguided political show of support for outdated dirty energy; once again paving the way for China, India, the European Union and Canada to race ahead on the global stage. The business community isn’t buying it.
Here’s a quick recap of recent corporate leadership focused on long-term prosperity:
- More than 365 businesses have publicly voiced their support for the Clean Power Plan.
- More than 1,700 have declared their commitment to driving a low-carbon economy by signing the “We Are Still In” statement.
- Investors pumped $66.9 billion into clean energy around the world in Q3, up 40% from the same period a year earlier, according to Bloomberg New Energy Finance.
- Wind investment reached $34.3 billion, the highest since Q2 2016, and surpassed solar investment of $30.5 billion.
- Just last week, America’s two largest automakers announced major commitments to produce more electric vehicles. General Motors (GM) plans to roll out 20 new all-electric vehicles by 2023 and Ford will add 13 electric car models in the next five years.
The good news is that there are more examples than ever before of companies stepping up their climate commitments and leadership. And with every public commitment, more companies are pointing their business strategies toward “true north."
The economy and the environment can and must move forward hand-in-hand. Where is your company heading?
Follow Tom on Twitter, @tpmurray
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