50 months - 50 months: Jeremy Leggett
We must mobilise clean energy as though for war, and a solar revolution must be part of that mobilization. I experience daily both the potential of solar and its sister technologies, and the deadly effectiveness of the carbon incumbency in holding clean energy back. I think that our best chance of derailing the suicidal carbon train is to switch off its capitalization process. Investors continue to pile into carbon fuels because we allow companies to account coal, oil and gas as assets at zero risk of impairment today. But such “assets” are at risk of ending up stranded, once a critical mass in society begins to realize there is no choice but to cut emissions. Researchers at CarbonTracker, a small think-tank that I chair, have shown just how big a problem this is, and how relatively easy it would be for all types of players across the financial value chain – regulators, actuaries, auditors and so on - to do their jobs properly and recognize the risk. If they did that simple thing, in their different ways, things would change quickly. The Mississippi river of capital flowing to carbon would have to begin diverting to clean energy.Solar Energy Company - Solar Century
...One simple example among many is that we should require pension funds to invest as though pensions are for the long-term benefit of retirees, not the short-term enrichment of a bonus cult.
Founder and Non-Executive Chairman Jeremy Leggett established Solarcentury to address the threat of climate change by reducing CO2
We envisage solar tiles on the roof of every building