ABSTRACT
This chapter identifies the key pathways for the understanding of carbon-induced changes in the business environment. It highlights the two technology challenges ahead: the decoupling of economic growth from the use of energy and the decarbonization of the energy mix. The chapter also identifies the key strategic issues and challenges ahead and emphasized that purely economic approaches have their limitations in addressing and understanding the carbon crisis. It illustrates that incorporating human, organizational, technological, regulatory, infrastructure, and preparedness elements are essential for paving the way to a low-carbon future. The chapter addresses a selection of mitigation options and innovative ideas in order to prevent a global carbon crisis and the severe effects of climate change. Technology change must be accelerated and financing mechanisms have to be fostered for serious mitigation to occur. The chapter concludes that both mitigation and adaptation are important and inevitable.
