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Prince Charles: Reform global capitalism or risk climate 'destruction'

Prince Charles

Prince Charles has urged business leaders to take strong climate action. Creative Commons: Dan Marsh, 2012

Prince Charles added his voice to the growing call for strong climate action yesterday, as he urged business leaders to take action against global warming or watch the world continue on a pathway “to our own destruction”.

In a speech in London, the Prince called for a “fundamental transformation of global capitalism”, warning that the world is at the mercy of those who aggressively deny that economic models are “dangerously accelerating climate change”.

He told the crowd:

Either we continue along the path we seem collectively determined to follow, apparently at the mercy of those who so vociferously and aggressively deny that our current operating model has any effect upon dangerously accelerating climate change – which I fear will bring us to our own destruction – or we can choose to act now before it is finally too late, using all of the power and influence that each of you can bring to bear to create an inclusive, sustainable and resilient society.

His words echo a growing body of research showing that a ‘great transition’ is needed in the global economy to tackle climate change and to address economic and social inequality, and to reduce dependence on fossil fuels.

Speaking alongside Prince Charles yesterday, Bank of England Governor Mark Carney also called on individuals and businesses to have a “sense of their responsibilities” to wider society.

This week’s comments are the latest in a number of public calls for climate action.

Last week, Pope Francis made the religious case for tackling climate change, calling on Christians to become “Custodians of Creation” and labelling the destruction of the planet a sin.

The calls come ahead of a vital 18 months for climate change, as countries work towards a global deal on tackling rising emissions to be agreed in Paris in December 2015.

Next week, negotiators from over 190 countries should take the next step towards such a deal, as they meet in Bonn, Germany for the latest round of UN climate talks.

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