Minerals Council still dangerously wrong on coal and climate, says former senior coal executive
by Ian Dunlop, first posted at RenewEconomy
After 30 years of inaction, the focus on climate risk is accelerating as the physical impact of climate change worsens and the transition risks to a low-carbon world intensify.
To prevent temperatures rising above the upper 2C limit of the 2015 Paris Climate Agreement, it is no longer possible to follow a gradual, incrementalist glide path.
We have left it too late; emergency action, akin to wartime regulation, is inevitable, which further increases the transition risk.
Market-based measures alone are insufficient.
Despite years of denial in the top echelons of corporate Australia, legal opinion has confirmed that: “company directors who fail to properly consider and disclose foreseeable…
View original post 691 more words