Business leaders can identify “tipping points” to lead their industries in the adoption of low-carbon technologies, according to a new report by Gartner Inc. and the University of Exeter.
A tipping point occurs when a small change sparks a transformation that is often rapid and irreversible.
With the climate crisis accelerating – partly due to the threat from Earth system tipping points – positive socio-economic tipping points are now vital.
The new report says business leaders can drive this positive change – and navigate the risks and opportunities of the energy transition – by understanding and using tipping-points thinking.
“Executive leaders have a huge opportunity to innovate, sell and adopt low-carbon technologies, to drive new revenue and sustainable growth,” said Chris Howard, Gartner’s Chief of Research.
“However, adopting, developing and scaling new technologies is complex.
“This new research helps executive leaders identify where and when to invest effort when assessing potential for low-carbon technology development and scalability.”
Professor Tim Lenton, from the University of Exeter, said: “Business leaders can play a vital role in the switch to low-carbon technologies, helping to ensure the sustainable future upon which we all depend.
“Our report breaks down how tipping points work and how to influence them.
“The energy transition will happen rapidly, and in ways that may be difficult to predict.
“Understanding and harnessing the power of positive tipping points can allow business leaders to help drive that change, rather than simply reacting to it.”