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Thunderbird Convenes Global Leaders Across Sectors to Advance Climate Action
January 21, 2020
Davos, Switzerland - Thunderbird School of Global Management released a new report today projecting that the world can realize at least $1 trillion - $3 trillion dollars in market opportunities and $3 trillion - $5 trillion dollars in broader economic, social and environmental benefits per year by 2030.
Thunderbird’s Director-General and Dean, Dr. Sanjeev Khagram authored the new report and shared it at a cross-sectoral gathering hosted by Thunderbird with the Foundation for Climate Restoration in Davos during the World Economic Forum’s annual meeting.
“Together, we must rapidly deploy natural and technological solutions to remove gigatons of carbon dioxide from our air, restore ocean ecosystems, and preserve Arctic ice, while dramatically reducing emissions and adapting to climate change impacts,” said Dr. Khagram. “Climate restoration is the critical third pillar of climate action alongside climate mitigation."
Global Climate Restoration Task Force Launched to Drive Action
To catalyze and connect the mounting initiatives and reach the scale necessary for climate restoration efforts to realize their full potential, Thunderbird and The Foundation for Climate Restoration launched a new Global Climate Restoration Task Force at a high-level event at the World Economic Forum’s Annual Meeting in Davos, Switzerland, along with founding partners from the private sector, government, and civil society.
“Climate change and the devastating impacts of rising global temperatures are impossible to ignore. But I know we can not only achieve climate transformation, we can also do so in a way to advance inclusive and sustainable prosperity worldwide," Khagram said. "That is the challenge of this new decade of action."
The dynamics of the Fourth Industrial Revolution mean that systems of governance are, on the whole, failing to deliver what is needed in terms of minimizing risks and costs, while maximizing opportunities and benefits. This is true at all levels – global, regional, national, subnational and local – and across the public sector, among businesses, in the media and within civil society.
Governments and private-sector governance bodies – such as standards bodies – are familiar with the pressure to deliver beneficial governance, and many are responding. However, they are running up against a range of challenges that include barriers to cooperation, gaps in the governance landscape, divergent interests and conflicting incentives.
This white paper looks to make a small but meaningful step towards filling that gap. It is a deeper exploration of the landscape of global technology governance. Its goal is to highlight the common priorities, barriers, and roles of stakeholders in unlocking the benefits of emerging technologies while managing their negative impacts.
Source: World Economic Forum