Al Gore is a well known name around the world, especially in environmental circles. I was fortunate enough to attend, on behalf of the Union’s Environment Committee, a session with Gore at the Westin Hotel in Sydney recently.
The session, A Path to Zero Carbon, was hosted by superannuation fund HESTA, so there was a focus on long term sustainable investment and growth.
Gore’s argument was persuasive and carefully constructed. He shared a range of statistics and news events from around the world, highlighting the growing dangers of climate change.
This ranged from extreme weather events in places like India and Iran, but also Australia, to increasing temperatures and the economic costs of these.
He connected the ‘rain bombs’ that appear to be becoming more common with the increasing severity and duration of droughts. It was pretty confronting stuff – and the mood in the room was sombre.
However, Gore said these dangers and challenges provide us with opportunities, and they are the kinds of opportunities that super funds may well be interested in.