We believe businesses must act to reduce their climate risk and help to slow the march of climate change. Indeed, the clean energy transition can happen only if the private sector invests in clean energy and efficiency, deploys low-carbon technologies, and continues to innovate.
But the private sector, in turn, will take these actions at the necessary speed and scale only if they can do so on the back of a clear and consistent policy and regulatory framework that provides incentives for innovation and deployment of clean energy systems, and helps business adapt to those climate impacts that are inevitable due to past emissions.
A strong policy foundation sets the stage for strategic climate-related decisions by executives and boards. And in fact it is a core responsibility of government to take the long view, and to provide support for the infrastructure, innovation, and investments that will underpin the clean energy economy across every region and sector of this country.