As climate change remains a politically-polarizing issue and governments around the world struggle to enact significant restrictions on their populations' contribution to the issue, "government officials have increasingly focused their attention on the private sector—treating companies not just as entities to regulate but also as core partners," writes Justin Worland for TIME's cover story.
"We need to accelerate our transition...and that process will only happen if the American private sector are an inextricable part of that process" says Brian Deese, director of President Biden’s National Economic Council.
Planet Earth’s Future Now Rests in the Hands of Big Business (Justin Worland - TIME)
In a related article from the same issue, Edward Felsenthal writes that a recent U.N. global warming meeting in Glasnow "reflected a new paradigm in the climate fight." He says, "the general assumption" had been that governments "would be at the center of any path forward," but despite some progress in diplomacy "it has become all too clear that political will is far from where it needs to be."
Ecopreneurs Are Critical to the Planet's Future (Edward Felsenthal - TIME)
As a prime example of this shift to companies, in late March, the U.S. Securities and Exchange Commission formally proposed "new rules that would for the first time require businesses to report their greenhouse gas emissions, along with details of how climate change is affecting their businesses," writes David Gura for NPR.
"Every year, public companies in the U.S. are required to provide investors and regulators with detailed data about their financial performance and the risks they face. Soon, they may also have to disclose information about how they are dealing with climate change," said David Gura.
The SEC wants companies to disclose how climate change is affecting them (David Gura - NPR)