• Home
  • News
  • In-depth
  • Opinion
  • Energy
    • Wind
    • Marine
    • Solar
    • Biomass
    • Nuclear
    • CCS
    • Infrastructure
  • Policy
    • Politics
    • Legislation
    • Taxation
  • Management
    • Marketing
    • Risk
    • Skills
    • Incentives
    • Carbon Accounting
  • Technology
    • Waste
    • Recycling
    • R&D
    • Efficiency
    • IT
  • Investment
    • Carbon Trading
    • Offsets
    • Venture Capital
  • Net Zero Now
  • Newsletters
  • Sign in
  •  
      • Newsletters
      • Account details
      • Contact support
      • Sign out
     
    • You are currently accessing BusinessGreen via your Enterprise account.

      If you already have an account please use the link below to sign in.

      If you have any problems with your access or would like to request an individual access account please contact our customer service team.

      Phone: +44 (0) 1858 438800

      Email: [email protected]

      • Sign in
  • Follow us
    • Twitter
    • LinkedIn
    • Newsletters
    • Facebook
    • YouTube
    • Instagram
  • Free Trial
  • Subscribe
  • Events & Awards
    • Upcoming events
      event logo
      BusinessGreen Leaders Awards 2020

      The BusinessGreen Leaders Awards 2020 will bring together over 600 executives, entrepreneurs, investors, policymakers, and campaigners to celebrate the green economy's most exciting and innovative achievements from the past 12 months.

      • Date: 24 Jun 2020
      • The Brewery 52 Chiswell Street London EC1Y 4SD, London
      event logo
      Net Zero Festival 2020

      Net Zero Festival 2020 is the world's first business festival dedicated to exploring, advancing, and celebrating the global transition to a net zero emission economy.

      • Date: 30 Sep 2020
      • The Brewery, London, London
      View all events
  • SDG Hub
Business Green
Business Green
  • Home
  • News
  • In-depth
  • Opinion
  • Energy
  • Policy
  • Management
  • Technology
  • Investment
  • Net Zero Now
 
    • Newsletters
    • Account details
    • Contact support
    • Sign out
 
  • You are currently accessing BusinessGreen via your Enterprise account.

    If you already have an account please use the link below to sign in.

    If you have any problems with your access or would like to request an individual access account please contact our customer service team.

    Phone: +44 (0) 1858 438800

    Email: [email protected]

    • Sign in
  • Hot topics
  • Davos 2020
  • SDG14
  • Brexit
  • COP26
  • Investment

'Nature is not an asset class': Prince Charles calls for 'evolution' of economic model

Prince Charles wants to help tricky industries decarbonise
Prince Charles wants to help tricky industries decarbonise
  • Madeleine Cuff
  • Madeleine Cuff
  • @Madeleine_BG
  • 23 January 2020
  • Tweet  
  • Facebook  
  • LinkedIn  
  • Send to  
0 Comments

Heir to the throne launches Sustainable Markets Council to bring together industry leaders to drive breakthroughs in decarbonisation

The Prince of Wales has announced plans to host a series of industry roundtables that will bring together experts, executives, and investors to identify ways to rapidly decarbonise the global economy.

Speaking at the World Economic Forum in Davos yesterday, Prince Charles said he hoped to help build a new "systems-level" framework to that "ground markets in a high-purpose mission".

Related articles

  • Action to tackle UK food waste is delivering results, WRAP data suggests
  • Accor joins new Global Tourism Plastics Initiative with fresh wave of waste-reduction pledges
  • Ceres launches corporate alliance to accelerate electric vehicle transition
  • UN Global Compact launches new initiative to spur decade of private sector progress towards the SDGs

"If there is one critical lesson we must learn from this crisis, it is that nature is not an asset class," he said. "Nature is in fact the lifeblood of our financial markets, and as such we must rapidly realign our own economy to mimic nature's economy and work in harmony with it."

He also argued that the global economy could be on the cusp of a tipping point. "After nearly 50 years of championing this cause I cannot help feeling that finally we are ready to change our trajectory," he added. "For my part I have made sustainable markets my priority for 2020 - actually beyond, however long it takes."

Backed by the World Economic Forum, Prince Charles said he would convene a series of industry roundtables in the coming months covering sectors such as aviation, automotive, carbon capture and storage, shipping, forestry, financing, digital technology, renewable energy, battery storage, fisheries, cement & steel, and agriculture.

"At the end of which I shall probably be dead," he joked.

He said he hoped the roundtables would help "bring the right people together" to help remove roadblocks hampering decarbonisation. "We all know the problem, and increasingly we agree on the direction," he said. "2020 is the time for solutions and practical action."

Wonderful to see the Prince of Wales announce the Sustainable Markets Council at #Davos.

The Council will bring together leading individuals from charity, public and private sectors, and investors to decarbonise the 🌍 economy, and transition to #sustainable markets. #WEF20 https://t.co/pFaHtuKMY1

— COP26 (@COP26) January 22, 2020

The Prince also called for a wider "evolution" of the global economic model to better incorporate the value of nature. The approach would include requiring every business executive to think about environmental protection, outlining a pathway to net zero, and adopting common reporting standards for climate-related issues. He also called on policymakers to work together to reverse "peverse" subsidies and improve incentives for sustainable alternatives, make it easier for consumers to choose sustainably, and boost investments in game-changer technologies.

 "What good is all the extra wealth in the world gained from business as usual if you can do nothing with it except watch it burn in catastrophic conditions?" he asked.

  • Tweet  
  • Facebook  
  • LinkedIn  
  • Send to  
  • Topics
  • Investment
  • Management
  • BusinessGreen
  • Prince of Wales
  • World Economic Forum
  • Davos
  • prince charles
  • Davos Summit
  • decarbonisation

More on Investment

    • Waste
Action to tackle UK food waste is delivering results, WRAP data suggests
    • Waste
    • 24 January 2020
The UN Global Compact helps businesses align their operations with the UN's 17 sustainable development goals
    • Management
UN Global Compact launches new initiative to spur decade of private sector progress towards the SDGs
    • Management
    • 24 January 2020
Credit: World Economic Forum / Mattias Nutt
    • Politics
Global climate strategies 'don't add up': Greta Thunberg hits back at White House critics
    • Politics
    • 23 January 2020
Memphis Meats is disrupting the protein sector with cultured meat grown in a lab | Credit: Memphis Meat
    • Investment
Meat giant Tyson Foods launches 'sustainable protein' coalition
    • Investment
    • 23 January 2020
AstraZeneca scientists are working to eliminate greenhouse gas emissions from respiratory inhalers
    • Management
AstraZeneca promises to get to net zero 10 years ahead of schedule
    • Management
    • 23 January 2020
Credit: John Carnemolla
    • Investment
Our world is on fire - and business must help put it out
    • Investment
    • 23 January 2020
Aldi is removing all plastic applicators from its own brand tampons by the end of the month
    • Waste
Aldi joins campaign to turn back the period products plastics tide
    • Waste
    • 23 January 2020
Solar panels at Holy Trinity church Hull
    • Investment
Church of England and insurer Generali join $4.3tr Net Zero Asset Owner Alliance
    • Investment
    • 22 January 2020

More news

  • Waste
Action to tackle UK food waste is delivering results, WRAP data suggests

  • 24 January 2020
Accor joins new Global Tourism Plastics Initiative with fresh wave of waste-reduction pledges
  • Waste
Accor joins new Global Tourism Plastics Initiative with fresh wave of waste-reduction pledges

Accor is to rollout a series of solutions to replace single-use plastic, including shampoo dispensers, water filtration taps, and reusable dishes

  • 24 January 2020
Ceres launches corporate alliance to accelerate electric vehicle transition
  • Transport
Ceres launches corporate alliance to accelerate electric vehicle transition

Alliance brings together Amazon, DHL, and others in a bid to drive development of electric vehicle market

  • 24 January 2020
UN Global Compact launches new initiative to spur decade of private sector progress towards the SDGs
  • Management
UN Global Compact launches new initiative to spur decade of private sector progress towards the SDGs

SDG Ambition will be led by the UN Global Compact Local Networks, bringing together more than a 1,000 firms across 40 countries to drive progress towards the global goals

  • 24 January 2020
blog comments powered by Disqus
Back to Top
  • Contact Us
  • Marketing solutions
  • About Incisive Media
  • Terms and conditions
  • Policies
  • Careers
  • Twitter
  • LinkedIn
  • Newsletters
  • Facebook
  • YouTube
  • Instagram

Incisive Footer Logo

© Incisive Business Media (IP) Limited, Published by Incisive Business Media Limited, New London House, 172 Drury Lane, London WC2B 5QR, registered in England and Wales with company registration numbers 09177174 & 09178013

Digital publisher of the year
Digital publisher of the year 2010, 2013, 2016 & 2017
Loading