Prince Charles: Reform global capitalism or risk climate “destruction”‬

Intro

Prince Charles added his voice to the growing call for strong climate action yesterday, as he urged business leaders to take action against global warming or watch the world continue on a pathway “to our own destruction”. In a speech in London, the Prince called for a “fundamental transformation of global capitalism”, warning that the world is at the mercy of those who aggressively deny that economic models are “dangerously accelerating climate change”. His words echo a growing body of research showing that a ‘great transition’ is needed in the global economy to tackle climate change and to address economic and social inequality, and to reduce dependence on fossil fuels. Speaking alongside Prince Charles yesterday, Bank of England Governor Mark Carney also called on individuals and businesses to have a “sense of their responsibilities” to wider society. This week’s comments are the latest in a number of public calls for climate action. Last week, Pope Francis made the religious case for tackling climate change, calling on Christians to become “Custodians of Creation” and labelling the destruction of the planet a sin. The calls come ahead of a vital 18 months for climate change, as countries work towards a global deal on tackling rising emissions to be agreed in Paris in December 2015. Next week, negotiators from over 190 countries should take the next step towards such a deal, as they meet in Bonn, Germany for the latest round of UN climate talks.

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MT ‏@INCRnews Transforming capitalism necessary to halt “dangerously accelerating climate change” – Prince of Wales http://bit.ly/1tkmYxN

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Key Quotes

  • “[The] fundamental transformation of global capitalism [is necessary in order to halt] dangerously accelerating climate change [that would] bring us to our own destruction.” – HRH Prince Charles
  • “We can choose to act now before it is finally too late, using all of the power and influence that each of you can bring to bear to create an inclusive, sustainable and resilient society,” he said in a speech in London to a conference entitled Inclusive Capitalism. There will, of course, be hard choices to make, and, take it from me, in the short term, you will not be popular with your peers, but if you stand firm and take the kind of action that is needed, I have every confidence the rewards will be immense.” – HRH Prince Charles
  • “Over the next eighteen months, and bearing in mind the urgency of the situation confronting us, the world faces what is probably the last effective window of opportunity to vacate the insidious lure of the ‘last chance saloon’ in order to agree an ambitious, equitable and far-sighted multilateral settlement in the context of the post-2015 sustainable development goals and the U.N. Framework Convention on Climate Change. Either we continue along the path we seem collectively determined to follow, apparently at the mercy of those who so vociferously and aggressively deny that our current operating model has any effect upon dangerously accelerating climate change – which I fear will bring us to our own destruction – or we can choose to act now before it is finally too late, using all of the power and influence that each of you can bring to bear to create an inclusive, sustainable and resilient society.” – HRH Prince Charles

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