Release of Intergovernmental Panel on Climate Change Working Group 3 Report
Secretary of State
We’ve already had wake-up call after wake-up call about climate science. This report is a wake-up call about global economic opportunity we can seize today as we lead on climate change.
So many of the technologies that will help us fight climate change are far cheaper, more readily available, and better performing than they were when the last IPCC assessment was released less than a decade ago. Good energy solutions are climate solutions and this report shines a light on energy technologies available right now to substantially reduce global emissions.
These technologies can cut carbon pollution while growing economic opportunity at the same time. The global energy market represents a $6 trillion opportunity, with 6 billion users around the world. By 2035, investment in the energy sector is expected to reach nearly $17 trillion.
We already know that climate science is unambiguous and that every year the world defers action, the costs only grow. But focusing only on grim realities misses promising realities staring us right in the face.
This report makes very clear we face an issue of global willpower, not capacity.