Sustainable tourism helps to finance land conservation efforts while preserving natural ecosystems. A recent initiative in Chile’s Torres del Paine national park is a great example of this.
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Investing in preventative adaptation solutions can be more effective and less costly for the private sector than a late response. The opportunities available to adapt to climate change remain largely unmet.
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Climate-related investments needed in the region through the end of the decade stand at between $470 billion and $1.3 trillion. Governments are unable to fund such amounts, so they are increasingly turning to the private sector to raise capital and relieve the pressure.
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The abundance of renewable resources places the regional industry well below many of its rivals in terms of greenhouse gas emissions per unit of electricity generated — a unique advantage that can help the region move rapidly towards the net-zero emission target.
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High-speed 5G Internet connections will help more remote work and information access, reducing emissions from cars and planes, and facilitate self-driving vehicles, leading to fewer accidents and shorter commutes, as well as the widespread adoption of smart buildings with less energy use.
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Bold and immediate action is needed for businesses and economies to leverage the transformative power of the private sector as we strive to meet our net-zero commitments under the Paris Agreement.
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