Climate Change Has Opened Up A New Asset Class

VANCOUVER, British Columbia - May 6, 2022 - PRLog -- Aggressive policies and laws are unquestionably required to save the world from climate change. However, the consequences of climate change can be seen everywhere, reminding us that we must act immediately. While climate change is this generation's most significant concern, it also presents an opportunity to improve the economy.

Canadians know that pollution is not free. And that's why we all pay for storms, floods, wildfires, and extreme heat.

Throughout Canada, our government secures prices for pollution, which we don't want, so we can get what we want, i.e., fewer emissions.

Remember that carbon credit offsets for many investors are new asset classes. Carbon credits have done remarkably well in recent years as a commodity. When you look at the growth and turnover of the market, you'll notice that it's expanding at an exponential rate. In 2021, the GEO spot carbon contract grew by about 1,000%. That's far more than bitcoin, oil, or the S&P 500 have returned.

The diversity of climate change measures reflects that not all companies need to play the same role in reducing carbon emissions. For some, switching to renewable energies can reduce a significant portion of their emissions. On the other hand, for others, only renewable energies will not solve the much bigger problem of climate change.

As a result, changing economic policies to address climate challenges may positively impact countries' growth and productivity. In sum, addressing climate change should be viewed as an opportunity for policy and technological innovation.

All areas of the majority of industries are affected by climate change. But, the need is the mother of invention. Those businesses that can innovate and enjoy the benefits of low-carbon transitions will be those that secure a sustainable future.

This reality makes sustainable development and climate change sides of the same coin. Companies play an essential role in tackling the challenges of climate change. Innovative business initiatives are part of a global transformation that opens the door to massive opportunities to combat climate change and change the lives of millions of people around the world. Companies worldwide have an excellent opportunity to participate in these initiatives and provide their expertise. Especially in Canada, the government hosts this G20 rally on behalf of more than a billion people.

The Low Carbon Technology Partnership Program is one such global initiative (LCTPi). LCTPi is a pioneering collaboration led by the World Business Council for Sustainable Development, accelerating the development and scaling of low carbon technologies.

More than 150 companies and more than 70 non-governmental organizations, governments, cities, and other partners worldwide collaborate to find innovative solutions to climate challenges. It covers eight different areas, including low-carbon transportation fuels, forestry, building energy efficiency, renewable energy, low-carbon transportation, chemicals, cement, and climate-smart agriculture.