McKinsey on the economic consequences of Copenhagen

This clip is very interesting and well worth watching. First the points on Copenhagen are important. It might not have been the package we wanted - the lack of legally binding targets is quite a disappointment. However, it is not a failure.

At about 3:30 the speaker, Jeremy Oppenheim, talks about challenges to business. The focus has been putting a price on Carbon but Oppenheim makes the point that there are two environmental concerns that business might find more pressing: that the price of energy is increasing and predicted to continue to rise and that the increased burdens of legislation means greater risk of non-compliance. 

 

Posted on Saturday, Feb 6, 2010