Founder and Lead Convenor, Urban Climate Leadership, a project of MakeWay. Sr.Fellow, Definity Foundation. Comments are my own.
I had a chance to attend this webinar today, which included two panels - one focussed on policy the other on business. My big takeaways are: It’s likely the US will leave COP and try to leave the UN framework on climate although it’s unclear if they can legally do the ladder. It’s difficult to predict how Trump will act beyond the rhetoric, but we can anticipate an unstable policy environment and likely less investment in clean energy. It’s better to analyze Trump’s personal business interest and alignments for insight. If you read Project 2025, the future looks more dire as it calls for significant cuts to federal departments and the rescinding of the IRA. While the US presents uncertainty there is certainty in climate change continuing to worsen, and businesses would do well to continue to invest in solutions that they can scale. This isn’t the first time the US has pulled out of global climate agreements, and in the past, we have not seen a bandwagon impact. Countries are concerned with the direction of the economy, which is moving towards renewables and climate action. Cities will continue to push countries to act and will take a bigger leadership role globally. There may be opportunities for Canadian businesses who can recruit talent that is likely to leave the US through this period. There is also an opportunity to compete on execution, timeliness, and regulation in some clean economy, sectors since it’s likely the US will get bogged down in approving any new businesses. It’s going to be important for indigenous businesses to pay close attention to where opportunities might exist in the US. It will take courageous corporations to stay the course and continue to commit to their values by supporting indigenous partnerships and procurement from indigenous businesses.
LAST CHANCE to register for this timely webinar (Nov. 7) on what the #USelection results will mean for Canadian #ClimatePolicy and #ClimateAction. PLUS we are delighted to announce Catherine Abreu will be joining the stellar lineup of experts, along with moderators Carol-Ann Brown and Elizabeth Gamble. REGISTER TODAY: https://lnkd.in/geTUKBiU Delphi GLOBE Series CBSR Leading Change European Climate Foundation Tabatha Bull ICD.D Canadian Council for Indigenous Business Phil De Luna Deep Sky Shawn McCarthy Sussex Strategy Group David Miller C40 Cities Hon. Lisa Raitt CIBC Capital Markets
