Invest in Sustainability for Growth and Stability

Invest in Sustainability for Growth and Stability

The Global Climate Action Summit, held last September in San Francisco, CA, provided an opportunity to bring business and government leaders together—along with scientists, investors, and, students—to find out what is happening in the world of sustainability, and most important, build enthusiasm and confidence in the entire sustainability movement
A prediction which came out of this meeting and caught my attention was that if we take climate action steps now, it can pay off big later, with climate action pouring as much as US$26 billion into the world’s economy by 2030. This $26 billion can create as many as 65 million new “low-carbon” jobs and generate as much as $2.8 billion in new government revenues.

Take Steps Toward Sustainability

These predictions come from studies created by the Global Commission on the Economy and Climate (GCEC) and its flagship project the New Climate Economy. The organization was set up in 2013 by seven countries: Colombia, Ethiopia, Indonesia, Norway, South Korea, Sweden, and the United Kingdom. Its goal, as stated on its website, is to “help governments, businesses, and society make better-informed decisions on how to achieve economic prosperity and development, while also addressing climate change.”

The commission has the following suggestions to meet this goal:

  • Set a price on carbon of up to $80 per ton of CO2 released into the atmosphere by 2020.
  • End subsidies that support fossil fuels or encourage harmful agricultural practices.
  • Require companies to disclose any practices which can slowly result in global temperature changes, droughts, floods, agricultural loss, and tropical storms.
  • Double the amount of money banks and other financial institutions are investing in sustainable infrastructure to as much as $100 billion annually.
  • Encourage all Fortune 500 companies to adopt “science-based targets” by 2020 that align with their business operations. Science-based targets are goals created by organizations to reduce the amount of greenhouse gases they generate.

Invest in a Worthwhile Cause

It is going to cost money for these actions and financial returns to materialize. That $26 billion generated into the world economy will not just happen on its own. Additionally, more companies and organizations will need to make changes in their business operations to promote sustainability and commit to those changes.

However, GCEC’s biggest concern is not money or changes, it is time. We need to start taking steps now to turn these predictions into reality. So, what can we do individually to promote sustainability and by doing so, the world’s economy?

Let’s start by getting involved with the two organizations discussed here, the Global Climate Action Summit and The New Climate Economy. Both are actively implementing methods to achieve economic growth by addressing the need for sustainability and the risks posed by climate change.

Another option is to get involved with “sustainability investing. “Many major banks and brokerage houses now offer investment opportunities in organizations developing promising technologies that address climate change and other environmental issues. Your investment in these organizations can make a difference.


Posted On April 17, 2019

Stephen Ashkin

President, The Ashkin Group

Stephen P. Ashkin is president of The Ashkin Group, a consulting firm specializing in green cleaning and sustainability. He can be reached at

Topics Tags

Also in Technology and Trends

May 22, 2020 Amy W. Richardson

Robots to the Rescue

May 18, 2020 Robert Kravitz

Exploring a New but Dusty Add-On Service

April 9, 2020 Jeremiah Gray

Improving Disinfection Outcomes with Electrostatic Technologies

April 7, 2020 Brant Insero

Are You Future-Ready?

Sponsored in Technology and Trends

Whiz by SoftBank Robotics
January 28, 2020 Sponsored by SoftBank Robotics

Whiz by SoftBank Robotics

May 2, 2019 Sponsored by ProTeam

ProTeam® FreeFlex® Cordless Hybrid Upright Vacuum

March 12, 2019 Sponsored by Sanitaire Commercial

Maintain Productivity During Spring Cleaning With The Right Vacuum

November 9, 2018 Sponsored by Brain Corp

A Smarter Kind of Clean

Recent News

ISSA Show North America 2020 Moves to Las Vegas
July 9, 2020 CMM Daily News

ISSA Show North America 2020 Moves to Las Vegas

July 9, 2020 CMM Daily News

Coronavirus Government Response Update—EPA Approves First Surface Disinfectants Effective Against SARS-CoV-2

July 9, 2020 CMM Daily News

Grants Will Help Ex-Offenders Find Jobs in Growing Industries

July 9, 2020 CMM Daily News

Dirty Carpet Puts Campus Commitment to Health in Question

Invest in Sustainability for Growth and Stability
Share Article
Subscribe to CMM