Climate KIC calls Paris climate deal "a turning point in the human enterprise"
Looking at the Paris climate agreement of 12 December 2015 from a research and innovation perspective, the chairman of the EIT's Climate KIC (Knowledge and Innovation Centre) Hans Joachim Schellnhuber has called the deal "a turning point in the human enterprise", adding that "the target of limiting global warming to well below 2 degrees and aiming at 1.5 degrees is more ambitious than expected, yet fully in line with the scientific risk assessment.” Schellnhuber also pointed out that current emission reduction pledges of most countries are insufficient for reaching this target and will have to be adapted over the next few years.
Bertrand van Ee, CEO of Climate-KIC, commented on the deal saying it "has unlocked a blue ocean of uncontested opportunities for business. The trajectory of staying well below two degrees warming is achievable, but achieving it requires a major shift in the global economy. That shift represents a highly lucrative economic opportunity. Already, there’s a $5.5 trillion market for low carbon technologies and products. And that’s just the tip of the iceberg.”
Last week, newly released research from Climate-KIC had revealed that most European business leaders have prepared strategies to respond to climate change, but with a lack of focus on innovation. As a result, those strategies are likely to be ineffective for a 2°C trajectory.
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