Some people will have noticed the furious opposition that sustainable cost accounting gets on this site any time that I mention it. As a recent opponent made clear, his real objection was that business becoming net-zero carbon will require changes to consumption patterns, and he did not like that idea. Everything else he said had to be read in that context.
So let me add another context. It is this, from the FT, this morning:
The chance of global warming temporarily reaching the 1.5C mark in the next five years has risen to more than 40 per cent after new monitoring data from the Arctic, according to the World Meteorological Organization.
As they also note, this may be an under-estimate. Temperatures could rise by as much as 1.8C.
And that is why I think sustainable cost accounting matters. And that it matters now. And that pussy-footing around business becoming net-zero carbon is not something we can afford.
Thanks for reading this post.
You can share this post on social media of your choice by clicking these icons:
You can subscribe to this blog's daily email here.
And if you would like to support this blog you can, here:
One of the areas that has been impervious to CO2 reductions is transport. It is probably impervious to “sustainable cost accounting” as well. In this context, this article makes for interesting reading:
https://braveneweurope.com/alex-kirby-city-motorists-buy-most-suvs
UK serfs are not just groomed with respect to politics, they are groomed with respect to what 4 wheeled vehicle they buy. That said, this could all be sorted out if exponential taxation was applied to vehicles based on weight and power – perhaps the gov could use “sustainable cost accounting” to taxation/excise duty.
It could…..
Consumption pf products with a high energy input will have to be reduced drastically. Unless sustainable accounting can track the use of fossil fuels in in production it will not be effective. Shell were taken to court in Hollnd yesterday – maybe things are changing?
I must do a blog on that…
The age of denial.
Deny climate change
Deny wealth inequality
Deny Covid
Deny lockdowns.
Deny resource accounting.
Deny us the money we need.
And so on. What a spoilt race of beings we are. Just because the sun sets and rises doesn’t mean it’s going to do that forever.
Extinction awaits……………….
The Age of Denial or the Age of Stupid? (12 years on… https://www.spannerfilms.net/films/ageofstupid)
Given the decision by the Dutch court gives a precedent to enforcing environmental protocols, investment in companies without sustainable cost accounting is becoming VERY risky!
https://www.theguardian.com/business/2021/may/26/court-orders-royal-dutch-shell-to-cut-carbon-emissions-by-45-by-2030
Agreed….blog coming