Prince Charles has called for a new economic model in order to save the planet. Speaking at the World Economic Forum in Davos, he pleaded with world leaders and businesses to revolutionise the interaction between nature and global financial markets,saving the planet from “approaching catastrophe”.
In an unprecedented royal intrusion on government policy, he argues market-based solutions and tax reform are the best options to halt the damaging impacts of climate change.Outlining 10 ways to transform financial markets and reduce global emissions, Prince Charles said nothing short of a revolution was required.
“I’ve come to realise it is not a lack of capital holding us back but rather the way in which we deploy it. Therefore, to move forward we need nothing short of a paradigm shift – one that inspires action at revolutionary levels and pace.”
He called for companies and countries to outline how they will move to net zero emissions – a signal he is not satisfied with the commitments made under the Paris climate accord. The United Kingdom has pledged to be carbon neutral by 2050 but Australia and other countries have been reluctant to make similar promises. Continue reading “Climate change challenge for the Nats is to take scientists’ advice on GE and gazump the Greens”