Part 2/5:

Failure to adapt and decarbonize could prove financially disastrous for companies, with possible earnings reductions of up to 50% by 2030. This decline is anticipated to stem from stricter climate regulations and rising carbon pricing, highlighting the pressing need for businesses to undertake strategic measures now.

The Opportunity in Adapting to Climate Change

While the risks are severe, the WEF also emphasizes a significant opportunity for forward-thinking businesses: the burgeoning green energy market. This sector is expected to experience explosive growth, expanding from a valuation of $5 trillion in 2024 to a projected $40 trillion by 2030.