Monday, December 14, 2015

Business Reacts To Paris Agreement

It will take some time to transition away from fossil fuels but the Paris Agreement has provided a strong signal to business and to investors.  The coal industry in the US is already feeling the pinch from natural gas which is much cleaner than coal.  Investment in new technologies will accelerate and green energy will be a growth industry.  There will be resistance in many places, for example, the US Chamber Of Commerce, which has become a lobbying organization for the most reactionary elements in the business community, signaled its intention to resist change.  However, the Paris Agreement has unleashed forces in business and government which will have their own momentum.  We may save the planet from our grandchildren.

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