Published 08 June 2017
SEI Key Research, Professor Christopher Wright was interviewed on Al Jazeera News Hour on Friday 2nd June 2017, to comment on President Trump’s announcement that he will withdraw the US from the Paris Climate Agreement.
When asked what Trump’s withdrawal from the Paris Climate Agreement means for American businesses and the Economy, Chris said:
In terms of jobs and the economy, it is clear that there is an energy transformation taking place around the globe…There are massive trends in renewables and this is a trend that is happening all around the world, and so it leaves America in a situation where it is wedded to nineteenth and twentieth century technology around the continued exploitation of fossil fuel energy.
Chris argues that this is a negative and outcome and the reliance on technologies of the past will have a retrograde effect on the future US job market and economy.
Are Fossil Fuels here to stay?
Chris explains that they can’t be. “The fossil fuels forever imaginary is a fantasy and we can’t do it unless we are willing to put at risk the future of human civilization – it is that catastrophic.”
Can the rest of the world carry on with their attempts to tackle Climate Change without the United States?
Chris explains that as America is the second largest producer of green house gases in the world, we need them to get on board with addressing global warming if we are to prevent exceeding the 2-degree increase as stipulated in the Paris Agreement.
You can watch Chris’ full interview below.
Christopher Wright is Professor of Organisational Studies and leader of the Balanced Enterprise Research Network at the University of Sydney Business School. His research focuses on the diffusion of management knowledge, consultancy and organisational change. His current research explores organizational and societal responses to climate change, with particular reference to how managers and business organizations interpret and respond to the climate crisis. He has published on this topic in relation to issues of corporate citizenship, emotionology, organizational justification and compromise, risk, identity and future imaginings.
Image: Gerry Machen 'Fossil Fuel Gives Way To Solar Power' via Flickr Commons