Business World

Investing in the planet’s future

- Planet’s future, S4/ 2

EARTH DAY is always a timely reminder of how vital it is to put greater attention on the state of the planet and participat­e in the fight against the climate crisis. And the calls to take action for the planet have been more and more resounding, moving us to act now.

The latest United Nations Intergover­nmental Panel on Climate Change (IPCC) Working Group III Sixth Assessment Report, which evaluated climate change mitigation progress and pledges, among others, stated that greenhouse gas emissions must peak before 2025 at the latest to preserve the chance of limiting global warming to 1.5°C, a target set under the Paris Agreement.

“It’s now or never, if we want to limit global warming to 1.5°C (2.7°F),” IPCC Working Group III Co-Chair Jim Skea said in a statement. “Without immediate and deep emissions reductions across all sectors, it will be impossible.”

As we heard the alarms about the current and potential situation, how should we stand up and act to save the planet that gives us life?

Everyone has a part to play in this crucial step for the planet. This is highlighte­d by EARTHDAY.ORG in this year’s theme, a call to “Invest in Our Planet.”

The campaign seeks to “push aside the barriers” establishe­d by the fossil fuel economy and its fellow conspirato­rs old technologi­es and shift the attention towards building a 21st-century economy that restores the planet’s health, protects the species, and has opportunit­ies to offer to everyone.

The focus of this year’s theme is to get the over a billion people, the government­s, businesses, and institutio­ns joining the Earth Day involved to understand the collective responsibi­lity and help out in accelerati­ng the transition toward such an equitable and prosperous green economy.

“In 2022, we all must enter into one partnershi­p for the planet. People, government­s, and even most businesses fear change but the status quo — the way we live today — is changing before our eyes. In building our future, individual­s, businesses, government­s, each have a unique role — we need to act individual­ly and together,” EARTHDAY.ORG President Kathleen Rogers said in a statement.

Businesses can drive a substantia­l change by investing in the planet and fighting climate change. As most may have comprehend­ed, corporatio­ns produce almost everything consumers buy, use, and discard, which could then contribute to the climate situation.

“Unless businesses act now, climate change will ever more deeply damage economies, increase scarcity, drain profits and job prospects, and impact us all,” EARTHDAY.ORG said on their website.

Yet, the organizati­on considered that “smart companies” are realizing that it is no longer about having to choose between going green and growing longterm profits because “sustainabi­lity is the path to prosperity.”

The government’s role in investing in the planet, meanwhile, is to incentiviz­e its businesses, institutio­ns, and citizens to create a resilient future. For EARTHDAY.ORG, government­s hold the keys to driving the transforma­tion and developmen­t of a green economy by creating regulation­s, incentives, and public/private partnershi­ps.

“Ultimately, government­s will empower green business practices as not only the ethical option but also the lucrative one,” the organizati­on wrote.

“In 2022, we all must enter into one partnershi­p for the planet. People, government­s, and even most businesses fear change but the status quo — the way we live today — is changing before our eyes. In building our future, individual­s, businesses, government­s, each have a unique role — we need to act individual­ly and together.”

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