Founder, Sir Richard Branson Proposes Strategy to Tackle Climate Change -
March 16, 2019 /PRNewswire -- Sir Richard Branson has shared his vision for
a Clean Energy Dividend which he hopes will tackle climate change.
in his blog today, amid scenes of climate change marches around the world, he
states his belief that there will be an opportunity to create millions of jobs
whilst also driving down the price of fuels in the long term.
Richard Branson, Virgin Group Founder wrote: "I believe there is an extremely
simple way to whip climate change and I plan to set it out below. It's wonderful
to see children all over the world marching today for such an important cause
and they are absolutely right that if we don't implement ideas immediately then
their lives and their children's lives are going to be imperilled.
people working on this subject believe the world needs a carbon tax on dirty fuels
- coal and oil - to solve the problem. However, the problem with a carbon tax
is that it has so far been impossible to impose without governments falling. The
Australian government tried to bring one in and they were kicked out - the new
government cancelled it. In November 2018, the state of Washington voted against
a carbon tax for the second time in two years.
taxes are of course well-intentioned. But others are sceptical that they will
raise enough resources to tackle the problem, or if the money will actually even
be spent on the issue. So aside from being unpopular with the companies, carbon
taxes are also often unpopular with the public and unpopular with governments.
There are really no winners - except ultimately the globe and the environment
I would like to propose the following: a Clean Energy Dividend."
Virgin Group founder went on to add important points around why companies around
the world should support this dividend adding:
company in the world should accept a Clean Energy Dividend to be imposed on the
fossil fuel they use and the carbon emissions they cause. The dividend could be
the equivalent percentage that a carbon tax would have been, and based on cutting
pollution at the rate the climate science shows is necessary. However, unlike
a carbon tax, that money wouldn't disappear into government coffers, but would
be used specifically to be invested in generating clean energy through wind farms
and solar panels, as well as the development of more low carbon fuels and other
breakthrough technologies. The companies, through those investments, can get that
money back, plus dividends (it would be wise to have some independent governance
to make absolutely certain that all companies comply with this remit.)
good news about this approach is that:
energy will have literally billions poured into it over the next few years - enough
money to switch the world from dirty to clean energy. This is important because
what climate change initiatives are still lacking at the moment is major investment.
investing this money should be happy because the investments they make should
be secure ones.
Millions of new jobs will be created through a climate change
The public should be happy because although some fuel prices might
increase in the short-term, the competition from clean fuel will rapidly drive
prices of both dirty and clean fuel down very quickly and they will stay down
Governments should be happy because the lower fuel prices will result
in a great boost to the economy. Lower fuel prices are politically attractive
and politicians will also be able to say that by implementing this, they have
made a major move towards getting on top of climate change.
This is a win-win
all-round. It's a win for companies, a win for the people who work in them, a
win for the public, a win for creating new jobs, win for governments, and most
importantly of all a win for our beautiful globe."
Sir Richard Branson:
in 1970 by Sir Richard Branson, the Virgin Group has gone on to grow successful
businesses in sectors including mobile telephony, travel and transportation, financial
services, leisure and entertainment and health and wellness. Virgin is a leading
international investment group and one of the world's most recognised and respected
starting youth culture magazine "Student" at aged 16, Richard has found
entrepreneurial ways to drive positive change in the world. In 2004 Richard established
Virgin Unite, the non-profit foundation of the Virgin Group, which unites people
and entrepreneurial ideas to create opportunities for a better world. Most of
his time is now spent building businesses that will make a positive difference
in the world and working with Virgin Unite and organisations it has incubated,
such as The Elders, The Carbon War Room, The B Team and Ocean Unite. He also serves
on the Global Commission on Drug Policy and supports ocean conservation with the
is a leading international investment group and one of the world's most recognised
and respected brands. Conceived in 1970 by Sir Richard Branson, the Virgin Group
has gone on to grow successful businesses in sectors including mobile telephony,
travel & transportation, financial services, leisure & entertainment and
health & wellness.
Richard Branson/ Virgin Managment