The world is at a “positive tipping point” in the fight against climate change, as soaring oil and gas costs prompt governments to decarbonize faster, the former U.S. vice president and former U.S. vice president told Reuters. co-founder of Generation Investment Management, Al Gore. He highlighted the Cut Inflation Act signed in August, a $430 billion bill considered the biggest climate package in US history, as well as the commitment made by the Australia earlier this month to reduce carbon emissions by 43% by 2030 and net zero by 2050.

Gore said he also expects Brazil to change its climate policy after an impending election and China to re-establish a dialogue with US President Joe Biden at November’s G20 summit in Indonesia. He added that he was, however, concerned about moves by some countries to increase fossil fuel production in the face of the war in Ukraine, which Russia calls a “special military operation”, which has sent oil prices skyrocketing. oil and gas.

“There is no such thing as a clean fossil fuel, just like there is no such thing as a healthy cigarette,” Gore said. “We don’t want to see investments in fossil fuel infrastructure that A/ won’t solve the problem in the short term and B/ will ensure higher emission levels for decades to come.” “There are signs absolutely everywhere” of the accelerating pace of change, he noted, adding that the need for action was also driven by worsening weather events.

“Mother Nature has joined the discussion on the climate crisis,” Gore said, citing heat waves in China, floods in Pakistan and drought in Europe. Gore, U.S. vice president from 1993 to 2001, rose to prominence for his advocacy of climate change with his Oscar-winning 2006 documentary “An Inconvenient Truth,” and its 2017 sequel, saying tackling climate change is a moral fight.

Co-winner of the Nobel Peace Prize for his climate campaign, he is chairman of Generation Investment Management, a London-based company that focuses on sustainable investments in public and private markets, and research. Among measures taken to accelerate the energy transition, some governments have opted to replace existing fossil fuel power plants with decades of life remaining as renewable electricity becomes cheaper, he said, while d Others Seek to Ban Fossil Fuel Cars and Trucks.

“At a time when technology…provides three times more jobs per dollar invested than fossil fuel investment, this all represents a very positive and palpable tipping point for me.” In Generation’s latest annual sustainability trends report https://str2022.generationim.com/chapters/introduction, released on Wednesday, the company said annual investments in the clean economy are on track to exceed 1 trillion dollars over the next few years.

Although this remains below the levels needed to limit global warming to 1.5 degrees Celsius above the pre-industrial average, he added that it was increasing “at a steady rate”. ($1 = 1.0048 euros)

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