The survey found that 64 pct of CEOs in the UK believe climate change is a threat to their organization, with a quarter stating that they were "extremely concerned" about the issue -- tripling 2016 levels when just 7 pct of UK CEOs said they were extremely concerned.
On the up side, more than half of respondents agreed that climate change initiatives will lead to significant new product and service opportunities, while almost three-quarters of UK CEOs -- and a similar proportion of global CEOs -- believe their response to climate change initiatives will provide a public opinion advantage among key stakeholders.
Even so, 54 pct of UK CEOs said they do not believe they are seeing changes in international policies that will mitigate climate change risks while 21 pct of UK CEOs believe they are seeing effective change in this area on the domestic front -- well below the global average of 36 pct.
(Source: PwC, Various Media, BusinessGreen, 20 Jan., 2020) Contact: PwC, Emma Cox, UK Leader for Climate Change and Sustainability, +44 (0)20 7583 5000,
+44 (0)20 7212 4652 - fax., www.pwc.co.uk
More Low-Carbon Energy News limate Change, PwC,
In addition to joining RE100, PwC has also committed to offsetting unavoidable emissions linked to air travel by investing in a range of voluntary carbon offsets. PwC network firms will select from a portfolio of offsetting projects to reflect their local priorities.
Amongst the project portfolio are a biodiversity reserve in Borneo, a wind farm in Turkey, a cook stove project in China and a landfill gas project in New York state generating electricity for 18,000 homes and creating 420 acres of new wetlands.
(Source: PWC, The Financial, 17 Oct., 2018)Contact: PricewaterhouseCoopers, www.pwc.com; RE100, www.thre100.org; CDP, www.cdp.net
More Low-Carbon Energy News CDP, RE100, PwC, Carbon Emissions, Renewable Energy,
At current decarbonization levels, the global carbon budget for 2 degree C would run out in 2036.
Each year the global economy failed to decarbonize at the required rate, the 2 degree C goal would become more difficult to achieve. The gap between current decarbonization and that needed to limit global warming to 2 degree C was 6.4 pct a year, the PwC report added.
London, UK-headquartered PricewaterhouseCoopers is a multinational professional services network of firms in 158 countries and 743 locations.
(Source: PwC, The Australian, Graham Lloyd, Environment Editor, 7 Oct., 2018) Contact: PricewaterhouseCoopers, www.pwc.com
More Low-Carbon Energy News PricewaterhouseCoopers, Climate Change, Carbon Capture, CCS,