Economic opportunities in the green transition

Far from being a financial burden, the report argues that climate action offers significant economic opportunities. The global green economy, currently worth US$5tn, is predicted to nearly triple to US$14tn by 2030.

“Climate action does not come at the cost of economic efficiency,” explains Jasper.

IKEA’s parent company Ingka Group exemplifies this principle. Since 2016, the company has reduced its climate impact by 24.3% in Scope 1, 2 and 3 emissions while increasing its turnover by 30.9%.

Jasper is keen to emphasize that sustainability is not only ethical, but essential to long-term business viability. “Being resource smart is cost smart, business smart,” he says.

The Alliance of CEO Climate Leaders represents a powerful coalition, whose members collectively generate $4 trillion in revenue and employ 12 million people across 12 industries.

From 2019 to 2022, the group reduced overall emissions by 10 percent while increasing revenue by 18 percent.