Why Investing in Climate Action Makes Good Economic Sense
Leaders’ hesitation to incur the upfront costs of mitigation and adaptation has slowed the collective response to climate change. But what are the economic implications of inaction?
Global leaders gathered at COP29 in Baku, Azerbaijan, to drive the conversation and compel action around climate action, sustainability targets, and the energy transition.
Each year, the UN convenes a Conference of Parties (COP), bringing together public and private sector leaders to catalyze action and deliver climate progress. From November 11 to November 22, the COP Presidency of Azerbaijan hosted COP29 in Baku, with a program focused on advancing the targets set forth in the Paris Agreement and designing an inclusive energy transition.
Every COP represents a critical moment in international progress and cooperation—an opportunity to align and forge collective action around a shared purpose. But each also acts as a reminder that time is running out to combat the worst effects of climate change. The objective of COP29 was focusing on the need to “invest today to save tomorrow.”
In Baku, BCG’s delegation convened clients across industries to explore pathways for green growth, reducing climate risks, and accelerating decarbonization. Our engagements at COP29 reinforced that, while much work remains—especially in delivering government-level cooperation worldwide-public and private sector organizations play a pivotal role in aligning net-zero goals with value creation to drive impactful progress.
At BCG, we remain committed to partnering with the most impactful institutions around the globe to drive impact on the issues that will be front and center at COP29. Our expertise includes:
BCG is committed to helping organizations unlock climate financing and innovation by mobilizing funding across the investment and venture ecosystem.
Leaders’ hesitation to incur the upfront costs of mitigation and adaptation has slowed the collective response to climate change. But what are the economic implications of inaction?
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