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Not being prepared for disruption has very painful consequences. This was very well illustrated during this pandemic, when prior to its arrival, business continuity was not top of mind.
Don’t make the same mistake twice by being unprepared for what comes next.
The science has been very clear on what we need to do to avoid a climate, and by extension, a global catastrophe. We have to transition to a low and no carbon economy at a rapid rate, to the tune of a global CO2 emission reduction of 7.6% every year for the next decade!
We are rapidly approaching a point where as with COVID governments will be forced to act to achieve this goal.
Verisk Maplecroft in their 2021 Environmental Risk Outlook state the following:
Our data underscores that it is clear there is no longer any realistic chance of an orderly transition. Companies and investors across all asset classes must prepare for at best a disorderly transition and at worst a whiplash from a succession of rapid shifts in policy across a host of vulnerable sectors. And this doesn’t just apply to energy companies – transport, agriculture, logistics and mining operations must all work to identify the threats and opportunities a carbon-restricted future will open up for them
So in plain English “carbon lockdowns” are in our future and will arrive with very little warning and are going to be painful and very disruptive.
This means that, right now, you need to look at your business (or career) through a set of “carbon emission glasses” if you will, that let you see clearly all the places you intersect with fossil fuels.
Then with those touch points clearly visible a strategy must be put in place to decouple from them. The faster and more complete that decoupling is the less painful the upcoming forced changes are going to be for you.
How far are you down this road?