ABSTRACT

This chapter intends to engage the business community in helping to think about key strategic issues in what is termed as 'the new economy', by which is meant an economy based on low carbon sustainable enterprise, which is more resilient and more hazard-adaptive. It addresses the nexus between climate change, sustainable enterprise and change. The climate change prognosis forces humanity to confront its history. The science of climate change was recognised by all 192 countries. In particular there was consensus that global warming should be limited to 2°C above pre-industrial levels. Our way of thinking and seeing the world has created global warming, global terrorism and economic collapse. The greatest threats to humanity come, first, from our inability to tackle climate change and bring about sustainable development, and, second, an inequitable global economic system that focuses too much on private wealth at the expense of well-being for all, believing, a la Adam Smith, in the invisible hand.