Aon Catastrophe Analyst Chris Swann was one of two runners up in the 2021 Aon Scholarship. The topic of his essay below is ‘2050 Climate Change: Industry Impacts, Challenges and Opportunities’.

Why did we not act sooner?

Our window of opportunity to change the course of climate change 30 years ago with radical and collective solutions was wide open.

Net zero emission targets for 2050 had been supported by 110 countries, representing 65 per cent of global carbon dioxide emissions; the transition from fossil fuels to renewable energy was beginning; improvements in electrifying mass transit were in place; and developments in green infrastructure by smart urban planning was no longer just an idea.

Public opinion also favoured government prioritisation of climate change post the COVID-19 pandemic (see Appendix A), and research told us that a low carbon recovery from 2020 would have created five times more jobs per million dollars invested, compared to spending on non-renewable energy.

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