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For climate policies to stay on track we must prepare for transition risks


March 28, 2021
You are here: Home / Business / For climate policies to stay on track we must prepare for transition risks
For climate policies to stay on track we must prepare for transition risks
(Credit: Unsplash)
This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum.
Author: Aengus Collins, Deputy Director and Head of Policy, EPFL International Risk Governance Center & Rainer Sachs, Founder, Sachs Institute
2021 could be a pivotal year for climate policy as a growing number of countries and companies increase their environmental ambitions.
Ahead of COP26 policymakers must prepare for “transition risks” that increasingly bold climate policies are likely to trigger. ....

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Time to take low-carbon transition risks seriously is now


© 2021 Keystone
A successful climate policy means preparing for unintended adverse impacts, such as job losses in declining energy sectors or potential environmental impacts of scaling up renewables. That’s the message of EPFL researchers in their latest policy brief that provides a roadmap for anticipating and mitigating the risks of transitioning to a low-carbon economy and society. It calls on decision-makers to plan ahead and take systematic action.
On February 19th, the United-States will rejoin the Paris Agreement. This will kickstart a year of intensifying policy activity ahead of the United Nations Climate Change conference (COP26) in November, when countries will re-commit to their emissions reduction goals. ....

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The time to take low-carbon transition risks seriously is now