 Environmentally Sustainable Businesses, Energy Transition, and Climate FinanceDiane-Charlotte Simon Chapter 12 in Sustainability:Business and Investment Implications, 2023, pp 305-333 from World Scientific Publishing Co. Pte. Ltd. Abstract: This chapter introduces Part III on Environmental Implications of sustainability. It discusses how environmental sustainability has become a critical matter for stakeholders, and also provides a unique opportunity for businesses to enter a potentially lucrative and high impact area of the economy. While presenting risks for businesses and investors, environmental sustainability also presents an opportunity amounting to trillions of dollars for those developing and scaling successful solutions. The chapter highlights how, in the past few decades, there have been increased stakeholder expectations for corporate environmental responsibility, which has transformed the business landscape. Consumers, investors, NGOs, and regulators are now pressing companies to account for their environmental impact. The chapter introduces the European Union (EU) Taxonomy for sustainable activities. It presents the concept of a circular economy which aims to reduce waste and improve product design to optimize recycling. It explores climate change mitigation for companies, touching on greenhouse gases, net-zero targets, the energy transition, and the critical importance of carbon removal solutions. It then covers adaptation strategies. The chapter concludes by calling attention to the need to develop and scale economically viable carbon capture technologies. It emphasizes that, while necessary, the energy transition alone may not be sufficient to tackle climate change given the long lifespan of carbon dioxide in the atmosphere. Carbon capture and transformation technologies following the circular economy model, such as mineral carbonation, are particularly promising as they would transform carbon dioxide, a threat, into a valuable resource. Keywords: Sustainability; Sustainability Risks and Opportunities; Sustainability: Business and Investment Implications; Sustainable Finance; Sustainable Investing; Impact Investing; Sustainable Entrepreneurship; ESG; Business Case for Sustainability; Investment Case for Sustainability; Introduction to Sustainability; Introduction Sustainable Finance; Introduction to Sustainable Investing; Introduction to ESG; Introduction to Impact Investing; Sustainability Handbook; Sustainability Textbook; Sustainable Business Textbook; Sustainable Business Handbook; Sustainable Finance Textbook; Sustainable Finance Handbook; Impact Investing Textbook; Risk Management & Sustainability; The Corporate Sustainability Spectrum; Business and Financial Implications of Climate Change; The Financial Case for Embedding Sustainability Core to Business Strategy; Corporate Sustainability & Financial Performance; Shareholder Engagement; The Pressing Needs For A Sustainable World; Scale-up; Impact Entrepreneur; Impact Entrepreneurship; Sustainability Science and Challenges; Internalizing the Externalities; The Role of Government; Fiscal Impact; Macro-economic Performance; Realism; Mission Creep; Single Issue Capture; GreenWashing; Whitewashing; Hidden Agendas; Transparency; and Competitiveness (search for similar items in EconPapers) Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:wsi:wschap:9789811240928_0012 Ordering information: This item can be ordered from Access Statistics for this chapter More chapters in World Scientific Book Chapters from World Scientific Publishing Co. Pte. Ltd. |
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