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Al Gore sees the world at 'tipping point' for climate action

Stock Markets Sep 21, 2022 01:10PM ET
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2/2 © Reuters. FILE PHOTO: Former U.S. Vice President Al Gore speaks at a news conference during the UN Climate Change Conference (COP26), in Glasgow, Scotland, Britain, November 5, 2021. REUTERS/Phil Noble 2/2

By Juliette Portala and Simon Jessop

LONDON (Reuters) -The world is at a "positive tipping point" in the fight against climate change as surging oil and gas costs spur governments to decarbonise faster, former U.S. Vice President and co-founder of Generation Investment Management Al Gore told Reuters.

He pointed to the Inflation Reduction Act signed in August, a $430 billion bill seen as the biggest climate package in U.S. history, as well as a pledge by Australia earlier this month to cut carbon emissions by 43% by 2030 and to net zero by 2050.

Gore said he also expected Brazil to change its policy on climate after an impending election and China to re-establish a dialogue with U.S. President Joe Biden at the November G20 summit in Indonesia.

He added that he was concerned, though, about the moves by some countries to increase fossil fuel output in the face of the war in Ukraine, which Russia calls a "special military operation", that has sent oil and gas prices soaring.

"There is no such thing as a clean fossil fuel, just as there is no such thing as a healthy cigarette," Gore stated. "We don't want to see investments in fossil fuel infrastructure of the sort that A/ will not alleviate the short-term problem and B/ will guarantee higher emission levels for decades to come."

"There are signs absolutely everywhere around the world" of the pace of change picking up, he noted, adding that the need to act was also being driven by worsening weather events.

"Mother Nature has joined the discussion about the climate crisis," Gore said, citing heatwaves in China, floods in Pakistan and drought in Europe.

Gore, U.S. vice president from 1993 to 2001, became known for climate change advocacy with his 2006 Oscar-winning documentary "An Inconvenient Truth", and its 2017 sequel, arguing the climate change struggle is a moral fight.

Co-winner of the Nobel Peace Prize for his climate campaigning, he is chairman of Generation Investment Management, a London-headquartered firm focused on sustainable investments across both public and private markets, and on research.

Among steps being taken to speed up the energy transition, some governments have chosen to replace existing fossil fuel plants with decades of remaining lifetime as renewable electricity becomes cheaper, he said, while others are looking to ban fossil fuel-powered cars and trucks.

"At a time when the technology (...) provides three times as many jobs per invested dollar as investments in fossil fuels, then all of that to me adds up to a very positive, palpable tipping point."

In Generation's latest annual sustainability trends report, published on Wednesday, the company said that annual investments in the clean economy were on track to exceed $1 trillion over the next few years.

While that still falls short of the levels needed to limit global warming to 1.5 degrees Celsius above the pre-industrial average, it added that it was rising "at a brisk clip".

($1 = 1.0048 euros)

Al Gore sees the world at 'tipping point' for climate action
 

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Comments (22)
Andrew Ulferts
Andrew Ulferts Sep 21, 2022 3:38PM ET
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I love that even Maxipad Maximus and the other looney tunes on here didn’t even have the passion for this topic to make a comment in the lions den. Just goes to show it is a few globalist billionaires trying to get richer quicker that are pushing this lie to the media. Cheers normal people!
Connecticut Yankee
A_Jaundiced_Eye Sep 21, 2022 2:06PM ET
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The world IS at a tipping point: it's finally COMPLETELY SICK of Al Gore !!
John Hill
John Hill Sep 21, 2022 1:44PM ET
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Intelligent people are well aware that Al Gore "tipped over the edge" decades ago! I'm still waiting for Cali to be underwater. Would be the best thing for America.
Jeff Leggett
Jeff Leggett Sep 21, 2022 10:22AM ET
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its absolutely amazing this ****thinks his 100 years on the planet are more important than any other generation on this 4 billion year old planet ....... all the while getting rich off of promoting this stupidity.  cant wait for all these liberal cronies to die off
John Hill
John Hill Sep 21, 2022 10:22AM ET
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lol! to many brain dead liberals to take his place.
Stephen Fa
Stephen Fa Sep 21, 2022 8:12AM ET
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Wasn't Gore the loser who said around year 2000 the US coasts would be underwater by now?
ROB Stone
ROB Stone Sep 21, 2022 3:42AM ET
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As he keeps flying around in his private jet, has 3 mansions, and is driven around is gas powered vehicles in the US...
Maximus Maximus
Maximus Maximus Sep 21, 2022 1:55AM ET
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funny the little right wing r(etard) minions here, arguing against a united scientific community and the bloody obvious
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Stephen Fa
Stephen Fa Sep 21, 2022 1:55AM ET
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No maxipad, climate science is far from settled.
Andrew Ulferts
Andrew Ulferts Sep 21, 2022 1:55AM ET
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The “united scientific community” that you see on the fake news. Where are the millions of voices that oppose this myth? Oh yeah, you’ll never find them. They’ve been cancelled. That in itself is a red flag. When dissenting voices are not allowed, that is not science. That is propaganda. Communism. A narrative with an agenda.
Scott Bailey
Scott Bailey Sep 21, 2022 1:55AM ET
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Show me one proof, concrete, of climate change, just one
Scott Bailey
Scott Bailey Sep 21, 2022 1:55AM ET
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Show me one proof, concrete, of climate change, just one
Andrew Ulferts
Andrew Ulferts Sep 21, 2022 1:55AM ET
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Scott Bailey can’t. There is no such thing. It is a lie, and there is no way to prove it.
Frank Taylor
Frank Taylor Sep 20, 2022 11:40PM ET
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and he keeps getting fatter.....
John Hat
John Hat Sep 20, 2022 11:03PM ET
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This guy is worse than a ****
Timothy Sander
Timothy Sander Sep 20, 2022 10:46PM ET
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Nobody's made more off of climate alarmism than this grifter. Laughing all the way to the bank.
 
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