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A New Climate for Doing Business
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A New Climate for Doing Business

Stuart T. Gulliver, Feike Sijbesma, Christiana Figueres, Steve Sedgwick and Doug McMillon
World Economic Forum, 2016
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Editorial Rating

7

Qualities

  • Analytical
  • Eye Opening

Recommendation

Following the December 2015 United Nations’ Climate Change Conference (COP21), momentum for curbing climate change is at an all-time high. This World Economic Forum panel of experts discusses what the forthcoming departure from fossil fuels will entail and examines how this transition can be sustainable. Though the conversation meanders, the panel touches on several critical points. getAbstract recommends this report to economists, environmentalists, policy makers and anyone concerned with the broader ramifications of a shift to green energy.

Take-Aways

  • Though the United Nations’ Climate Change Conference (COP21) of December 2015 reached a unanimous consensus, the real test is yet to come. Nations must pursue “long-term transformation that is urgent” but that doesn’t jeopardize the global economy.
  • Many nations rely on tax revenues from the oil and gas industry to fund pensions and public services, so a departure from fossil fuels must unfold in an orderly manner.
  • Walmart has pioneered tackling climate change in the corporate sphere. The retailer found that pursuing environmental goals is a profitable endeavor.

About the Speakers

Steve Sedgwick is an anchor on CNBC. Stuart T. Gulliver is group chief executive at HSBC. Feike Sijbesma is CEO of Royal DSM, a multinational health and nutrition firm. Christiana Figueres is the executive secretary of the United Nations Framework Convention on Climate Change. Doug McMillon is president and CEO of Walmart.

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