Energy transition will be ‘very, very rough’ if governments and businesses can’t get on the same page

Energy transition will be ‘very, very rough’ if governments and businesses can’t get on the same page

The biggest news from the COP27 conference this month was an agreement that wealthy countries, including the U.S., will pay for climate-change damage for poor nations called a “loss and damage” fund. Bruce Usher, co-director of the Tamer Center for Social Enterprise at Columbia Business School and author of “Investing in the Era of Climate Change,” says the creation of the fund is a recognition of the effects of climate change on nations including Pakistan, which suffered catastrophic flooding this summer from flash flooding.