To us, a just transition means creating the right balance amongst, and value for, the stakeholders to deliver a net zero economy.
The Romans – who knew a few things about technology advancement – used to say in medio stat virtus : virtue stands in the middle. This principle is something we’ve always applied in life and it infuses all of our work at the net zero bankability consultancy, Ikigai Capital. We believe that balancing multiple virtues, finding compromises (or better yet, win-wins) between the four main stakeholders in the energy transition – consumers, technological innovators, financial institutions and governments – is the only way we can achieve our sustainability objectives.
What does this actually mean in practice? For example, notwithstanding huge social (and now legal) pressure, it would be quite naïve to think that large oil and gas companies can divest from billions of investment just because we have to decarbonise. Besides the fact that shareholders expect to have their investment remunerated, millions of people are employed in the industry and all our economies still depend heavily on fossil fuels for materials, industry and transportation. This article was originally published in The Guide Transition implies change, radical […]