Are we on the turn of a new industrial revolution? As governments gathered in Katowice, Poland for COP24 to discuss how to bring the Paris Agreement COP 21 to a next stage actionable directives with the agreed goal of limiting global warming to below 2.0 centigrade (or ideally 1.5); and as, at the same time one outlier government’s delegation pitched coal, a trend emerged, investors and industries held their own summit. Some might term it Industrial Revolution 2.0.
Medieval guilds for craft and trade set regional standards for weights and measures, as well as tithes and taxes to support social goals. Charlemagne united a region in part through development of bridges, roads, and universities. Businesses, industries, and universities have long been sources of scalable innovation. Both guilds and universities trained new generations with shared knowledge spread by exchange. Both businesses and industries developed supply chains with interlocking standards that are a kind of currency of rapid exchange. Industries may change faster than governments, in no small part due to economic incentives.
The first Industrial Revolution gave us many things, some involving energy sources that causing the crisis of our times. Industrial Revolution 2.0 will turn on those same forces, but turn away. Stopping coal, for example, means moving away from a system built around energy sources of the first Industrial Revolution. Industrial Revolution 2.0 means not just moving away from coal, oil, gas, and other older fuels; more importantly, it is more a question of moving to a new system that is built for the ride. Governments can talk about that; industry can build it.
Businesses gave collective voice in Paris, during COP21; Bill Gates gathered 28 investors including Richard Branson and Mark Zuckerberg, to launch the Breakthrough Energy Coalition to contribute seed money to new ideas about energy. Branson stated: We must produce an abundance of clean, renewable energy and drive further innovation to make the next generation of energy more efficient. It will benefit the environment, our society and the economy. When 415 investing organizations, with an economic force of $32 trillion, gathered in Katowice, Poland, this week to add their collective voice to COP24, they pledged a new set of standards that may, if met, prove of merit as detailed in the 2018 Global Investor Statement to Governments on Climate Change.
It’s clear our innovators are taking action: what can each of us do?
Conference of the Parties 24. United Nations. https://unfccc.int/event/cop-24
Crilly, Rob. “Paris climate change summit: Bill Gates launches effort to disrupt energy sector by funding new search for clean energy.” 1 December 2015. The Telegraph. https://www.telegraph.co.uk/news/earth/paris-climate-change-conference/12026217/Bill-Gates-launches-effort-to-disrupt-energy-sector-with-fund-for-green-technology.html
Duncan, Bonnie. “Guilds and Skills.” ENGL403/603Chaucer. Millersville University. http://sites.millersville.edu/bduncan/403/guilds/
Jessop, Simon. “Investors managing $32 trillion in assets call for action on climate change.” 9 December 2018. Reuters. http://www.reuters.com/article/us-climatechange-investors/investors-managing-32-trillion-in-assets-call-for-action-on-climate-change-idUSKBN1080TR.
Building the World Blog by Kathleen Lusk Brooke and Zoe G Quinn is licensed under a Creative Commons Attribution-NonCommercial-NoDerivs 3.0 Unported Lice