Business now operates within a carbon surge economy: Carbon surge — rapidly rising concentrations of atmospheric greenhouse gases — is rapidly raising the risks and cost of doing business. Extreme weather tied to the carbon surge is reducing business revenues by disrupting customer access to stores and websites. Increasing evidence of climate change tied to the carbon surge is pushing consumers, especially the millennial generation, to question what they buy and who they buy from.
This consumer shift is threatening utility revenues while growing the sales of smart, energy efficient technologies. The net result is the emergence of an economy defined and shaped by carbon surge.
Carbon surge evidence
The World Meteorological Organization’s latest report finds that a carbon surge in climate-changing emissions has pushed atmospheric CO2 concentration to 142 percent of the pre-industrial era, with methane and nitrous oxide levels at 253 percent and 121 percent of pre-industrial levels. The ocean’s ability to absorb greenhouse gases may have reached its limits — with ocean acidification now at levels unseen for over 300 million years.
Carbon surge’s threat to business costs
A carbon surge economy is a costlier place to do business. Examples of how carbon surge and the inceased incidence of extreme weather are increasing business costs include:
- Rising electricity and fossil fuel costs tied to increased regulation of climate changing pollution;
- Increased commodity costs, plus increased price volatility, as extreme weather events disrupt or destroy supplies;
- Increased property insurance tied to the increase in extreme weather damage claims;
- Lost productivity due to electrical service disruption;
- Lost productivity due to storm and weather related worker attendance disruptions.