Much of the focus of the report is on international agreements and carbon-trading schemes - by 2010, the global carbon market could be worth US$70 billion. The study further highlights that acting now to cut carbon would cost 1% of global GDP per year; and by doing nothing, the costs at the time would be a minimum of 5% and as high as 20% of GDP a year. The point is that there is now a need to solve climate whatever it costs through a low carbon global economy, simply because the cost of not securing it will be far greater.
Companies and institutions are now investing millions in tackling climate change through the use of clean energy – recent calculations suggest that global expenditure on curbing the effects of climate change could be worth about one thousand billion US dollars within five years of action being agreed.
What is clear is that we can no longer extenuate ourselves from the risks that climate change brings by ignoring the disasters it wreaks - from ravaging hurricanes, melting ice sheets, pollution, and natural species which are fast becoming extinct, to looming problems concerning human warfare. The evidence is mounting.
Though global warming has become launched into our mainstream consciousness, there are still problems businesses and societies need to address and tackle head-on. This is why we came up with our “Cut Carbon, Grow Profits” book: for the purposes of educating individuals through investigating case studies and what leading companies are doing to mitigate climate change risk. It is a guide on sustainability issues using a simple how-to-do-it approach.
We feel action towards sustainability and adaptation will be the best solution, and the corporate world will be poised to take on this challenge. In this century and the next, a business-as-usual approach will clearly be irresponsible. Zooming in on Asian companies, the trek towards sustainability will be challenging, but certainly not impossible. As George Soros wisely remarks, the situation is not all hopeless because we are likely to be more adaptable then we think, but the danger is real and there is no time to waste.
Ladies and gentlemen, this is your wake up call.
Thank you for your presence today and God Bless you all.
 Daniel Gilbert, “If only gay sex caused global warming”, Los Angeles Times, July 2, 2006.
 Greg Hurst, “Cut carbon emissions now or face economic calamity later”, The Times, UK, October 30, 2006.
 Chris Giles, “Global push to cut greenhouse emissions”, Financial Times, October 26, 2006.