The consideration of developments and the implementation of climate change strategies already leads us to conclude that we already have the tools at our disposal to address the issues that have arisen.
Much has been done in the last 20 years to make the situation worse, and much has not been done to stop the path to global warming. We need to act "now", there is no time for delay.
To summarize, there are five areas for immediate action:
- in energy, with changes in the way electricity is produced, increasing efficiency per unit of energy,
- in the production of agricultural goods and food, with changes in the way they are produced, reducing waste and protecting the ecosystem,
- in industrial production (materials, goods) by eliminating carbon from industrial materials and derivatives and finding more environmentally friendly production processes,
- in transport, by changing the fuels used in all means of transport, and
- in construction, by eliminating carbon from construction materials, increasing efficiency in the use of resources (e.g. energy) and increasing resilience.
According to Project Drawdown's estimates, the total cost of returning to the scenario of keeping warming at 1.5 to 2 degrees is between USD 25 and 30 trillion. The return on this investment is expected to be in the order of USD 145 trillion over the same period, i.e. a return on investment of about 400%. This 145 trillion figure does not include the "opportunity cost" if we do not act to address climate change and allow any expected disasters to occur, which will be simply incalculable!
These opportunities are:
- energy and resource savings,
- the development of new technologies that are more environmentally and climate friendly,
- the development of infrastructure and techniques to address or mitigate climate change phenomena,
- new forms of revenue, and
- the need for new onshore skills and human resources.
Imagine, for example, if the production of energy from RES in Greece or the EU were to increase by 20-30%: how many new technicians, engineers, scientists, accountants and other specialties would be needed, and without any risk of this productive base leaving for Asia or the Middle East! To these add skilled engineers, technicians and other (new) specialties that will be required for each of the areas of intervention that climate change 'investment' will require, from switching to heat pumps in our homes to the use of smart industrial and agricultural production systems.
At E-ON INTEGRATION we are closely following developments and our goal is to accurately quantify all issues, such as risks, opportunities and metrics, arising from the energy and climate crisis.
Our work includes a review of available technologies, an assessment of the economic impact of these risks/opportunities and a clear description of the resilience of the business model and strategy of the stakeholder based on the climate scenarios. Our entire methodology is fully based on an IT tool the "Climate Change Risk Assessment", which among other things uses data from external databases.
See the whole article in Greek only: https://www.powergame.gr/scripta-manent/262886/oi-efkairies-stin-antimetopisi-tis-klimatikis-allagis/
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