⁍ Harvard Business School economist Rebecca Henderson told the opening of a series of ‘Climate Week’ events hosted in New York City.


⁍ She called on big businesses, hundreds of which are setting their own ‘net-zero’ emissions targets, to lobby governments for taxes on fossil fuels.


⁍ New York’s Climate Week events coincide with a restart of ‘mass’ protests by the Fridays for Future youth climate movement.


– “Without appropriate government policy, we are not going to get to zero” when it comes to climate change, a Harvard Business School economist said Monday, calling on big businesses to lobby governments for taxes on fossil fuels and other measures to curb emissions. “We have the beginnings of a worldwide climate movement … but we need to scale that up really quickly,” Rebecca Henderson told the opening of Climate Week events hosted in New York City alongside the UN General Assembly. She called on big businesses, hundreds of which are setting their own “net-zero” emissions targets, to lobby governments for taxes on fossil fuels, energy-efficiency regulation, and other measures to spur rapid reductions in climate-changing emissions. Henderson said technological changes are in the pipeline but sufficient public “emotion” around the threats and government action were missing. “We’ve seen what you can do when the lives of your people are at stake,” she said. But with climate change impacts ramping up, similar urgency is needed “for every single decision that affects the climate,” she said. Meanwhile, Britain’s Prince Charles told the opening event that climate change should be addressed “on a war-like footing” with “a Marshall plan for nature, people, and planet.” The company announced Monday a new aim to reach zero emissions across its global operations by 2040, and, through its charitable foundation, to protect, manage, and restore 50 million acres of land and a million square miles of ocean by 2030.



Source: https://www.reuters.com/article/climatechange-regulation/demand-climate-regulation-harvard-economist-urges-big-businesses-idUSL5N2GI566