4.6.8.3 Business

Businesses are part of social-ecological systems, not separate from them, and so business needs to recognise that the only way to avoid negative tipping points is through active interventions to change the current system. This requires strong regulation of the access and financial power that incumbents have over political systems to enable a space for transformative change. Businesses that want to be leaders in a more sustainable and equitable future should also encourage the redirection of financial resources towards enabling PTPs and away from sectors causing the most harm. For example, they should support moves to redirect the US$11m per minute currently being spent on fossil fuel subsidies towards improved access to renewable energy for poorer communities (McCulloch, 2023). 

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