The Paris Agreement, adopted by consensus by all of the 195 NFCCC (United Nations Framework Convention on Climate Change) participating countries at the end of COP21 in December 2015, sets an ambitious target to limit global warming to well below 2°C. Although this agreement hasn’t entered into force yet, and will only do so if 55 countries that produce at least 55% of the world's GHG (greenhouse gas) emissions ratify, accept, approve or accede to the agreement when it opens for signature in April 2016, the very fact that such a consensus was reached shows a global willingness and readiness for change.
But change is always uncomfortable. The Paris Agreement will impact industries in numerous sectors and may push them to the limits of their financial, computational, human, and time resources: How will they be able to keep up with the innovation pace? How can we shift mindsets so industries prioritize environmental-friendly solutions over profitable solutions? And to which extent will business models need to change to be viable?