Tag: World Economic Forum

Green Economy Surpasses $5 Trillion: New Report Highlights Path to $7 Trillion by 2030

Stuart Mitchell

A new report from the World Economic Forum ’s Alliance of CEO Climate Leaders and Boston Consulting Group (BCG) finds the global green economy has already surpassed $5 trillion and is projected to exceed $7 trillion by 2030. In the last decade it was the second-fastest growing sector, outpaced only by technology. The report, titled Already a Multi-Trillion-Dollar Market: CEO Guide to Growth in the Green Economy , outlines how companies embracing low carbon and resilience solutions are often delivering above-market growth, attracting lower-cost capital, and commanding higher valuations. Despite…

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Green Transition to add 9.6 Million Jobs Globally by 2030, but Risks Creating New Economic Divides

Stuart Mitchell

The green transition is expected to impact 14.4 million jobs globally by 2030, with a net gain of 9.6 million new roles despite 2.4 million being phased out, according to a new World Economic Forum report released today. While business leaders in more than 80% of countries anticipate an overall economic boost, geopolitical fragmentation, economic uncertainty and deepening societal divides are challenging traditional climate-mitigation approaches and heightening the risk of uneven impacts on workers, consumers and businesses within and across countries. The Making the Green Transition Work for People and…

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Key Investment in Airport Infrastructure Needed Now to Meet Demand for Hydrogen and Electric Aircraft by 2050

Stuart Mitchell

Hydrogen and electric aircraft could require 600-1,700 terawatt-hours (TWh) of clean energy by 2050, according to a new white paper from the World Economic Forum. For context, the total amount of renewable energy produced in 2021 was just over 8,000 TWh globally. To meet the estimated energy demand from hydrogen and electric aircraft in 2050 would require the amount of energy produced from 10-25 of the world’s largest wind farms, or a solar farm half the size of Belgium, the paper suggests. Alternative, carbon-free propulsion options, such as battery and…

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Global CEOs Pledge 50% Cut in Real Estate Emissions by 2030

Stuart Mitchell

Leading CEOs made a pledge today to reduce their real estate emissions by 50% by 2030 and reach net-zero carbon no later than 2050. With buildings contributing 38% of all energy-related greenhouse gas emissions, leaders across all industries have a critical role to play in lowering their global real estate emissions. “While real estate represents nearly 40% of all energy-related GHG emissions, the sector is frequently an afterthought when it comes to an organization’s decarbonization and sustainability strategies,” said Matthew Blake, Head of Financial and Monetary Systems, World Economic Forum.…

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WRAP and World Economic Forum – Partner to Tackle Global Plastic Pollution together

Stuart Mitchell

WRAP and the World Economic Forum’s Global Plastic Action Partnership (GPAP) have announced a formal partnership agreement to address the global issue of plastic waste by supporting both the network of Plastics Pacts, and Global Plastic Action Partnerships around the world. This partnership will bring together the combined knowledge, experience, and resources of two of the leading global stakeholder plastics programmes to combat this devastating issue collaboratively, with the potential to double the impact and reach. The two are now working together with local partners in Ghana, India, Mexico, Nigeria,…

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