The issue of climate change has come into sharp focus since the Paris Agreement of 2015, which roused multilateral action to limit the average rise in global temperatures to 2 degrees Celsius above pre-industrial levels. The world’s leading climate scientists warn that further increase would be catastrophic for hundreds of millions of people in terms of risk of drought, floods and extreme heat.

While many of the world’s largest economies have made a commitment to reach net-zero emissions by 2050, it is a huge challenge that will only be achievable with help from business.

Darden Professor Michael Lenox, who’s recent research focuses on the interface between business strategy and public policy as it relates to the natural environment, discusses the critical role business must play to help reduce emissions, adopt energy sources and electrify transportation, while also exploring the potential growth and innovation benefits for pursuing climate goals.

There are huge opportunities either for incumbent companies or entrepreneurs to innovate new tech that can lead the march to a clean future.”

– MICHAEL LENOX, Tayloe Murphy Professor of Business Administration, Senior Associate Dean and Chief Strategy Officer

Read the full article on Ideas to Action.

This article is excerpted from Executive Education & Lifelong Learning’s Acting in the Present, Shaping the Future: Leaders in Unprecedented TimesDownload the full whitepaper to read additional perspectives on supply chain resiliency, the rise of AI and machine learning, diversity, equity and inclusion, and more from Darden’s world-renowned faculty experts.