KPMG sustainability chief: IEA recommendations could bring predictability for business
Tougher carbon laws will bring huge opportunity, says Yvo de Boer.
Yvo de Boer, who leads KPMG’s Global Climate Change and Sustainability practice, today commented on the publication of the International Energy Authority’s (IEA) new report – Redrawing the Energy Climate Map – which was published today. He said:
“The IEA’s latest report demonstrates that a limited set of policy measures can help bring global temperature rise under control.
“By implementing the recommendations of the report, governments can not only help to prevent run-away temperature rises but can also provide the stability and predictability in climate policy that many businesses are crying out for.
“The report’s recommendations comprise energy efficiency measures, limits on the least efficient coal-fired power plants, minimizing methane from oil and gas production, and accelerating the phase-out of fossil fuel subsidies.
“These measures could also bring enormous opportunities for industries that can offer climate solutions. Building and construction, clean energy, automotive, engineering, chemicals and technology are all sectors that stand to potentially benefit and should anticipate this opportunity for growth and creation of long-term value.”
Yvo de Boer, prior to joining KPMG, was the Executive Secretary of the United Nations Framework Convention Climate Change (UNFCCC), the body responsible for a multi-lateral response to the climate change challenge, between 2006 and 2010.
