The covid-19 came, forcing people indoors. Lockdowns across the planet paused life temporarily. One positive implication amongst this grim scenario, was the breather that nature got, literally.
Pollution levels plummeted 一 the air was cleaner 一 breathable. Wild animals could be spotted again, roaming in the free. The climate was bailed out of its misery, albeit temporarily.
Climate change will have even worse implications than covid. The virus attacks in sinusoidal waves, giving intermittent, relative relief. Climate change, on the other hand, will have a devastating impact, it is just a question of when…
The onus is on the individual, producers, policymakers, and all the stakeholders to delay the apparent impending catastrophe.
Direction of investment for businesses
Decarbonization won’t be easy, it requires a shift 一 in business processes, driving focus from profits to profits with sustainability. This is imperative, as it will push capital from the stakeholders to build infrastructure to drive sustainable intensive infrastructure.
Sustainable practices, in themselves, require infrastructure development per se. Factor in electric vehicles. For EVs to be a popular choice for the masses, good enough to replace ICE 一 the practicality of use has to be addressed. EVs need charging stations, even more than gas stations. Moreover, the technology used to power the EVs also needs more progressive R&D.
Urgency in the shift
The necessitated shift also needs to be fast-tracked. Green infrastructure would need time that climate change has shortage of. Given the complexity of the challenge, pragmatism may lie in developing intradomain partnerships.
Urgent as it is, sustainable development also presents opportunities, enticing and fostering startups into powering their foray with innovation directed at sustainability.
Investors, concentrating their vision around such innovation can work towards building connected infrastructure for a better future, while still generating returns for their investment.
Increasing awareness 一 Shift in consumer priorities
Consumers across the globe are rising up to climate change. More than it is acknowledged by policymakers or businesses, the need for an inclusive approach will be well accepted. Products developed that promise a green shift with potentially tangible results can gain traction.
In essence, an infrastructure that supports green alternatives stands to gain near-term economic benefits.
Role of governments
Uncertainty in government policies can be a deterrent. On the contrary, the government working towards fostering a cohesive working environment of the public sector and the private sector, reducing friction, can power a much-needed shift.
The governments can work towards identifying sectors where private and public sector partnerships can produce tangible results.
To sum it up
Norvergence – Climate change is for real. The dangers are immense, catastrophic, and imminent. A shift in the vision for investment, policymakers, and other stakeholders can bring about the necessary results to power green infrastructure, propelling a catalytic ecosystem for green sustainable alternatives.
Near term economic benefits can be accrued, by devising a well-formulated path fostering pragmatic partnerships, and innovation.