Ted Dhillon, co-founder and CEO of FigBytes, was recently interviewed by MarketScale’s Justin Honore on the slow progress to reach the Fossil Fuel 2030 Reduction Goals established as part of the 2015 Paris Agreement. Dhillon and Honore discuss the journey towards to net zero, renewable energy, and what we must do to move away from empty promises and greenwashing to create positive change for the planet.
Dhillon states, “The creation of infrastructure for the generation and distribution of renewable energy is expensive. This is one of the reasons why the shift to a fossil-fuel-free energy future has been so slow. When you look at countries like India and China, economic growth will always trump sustainability concerns regarding policymaking. This is primarily because of the local politics and the geopolitical situation in those regions. But that’s a reality that we have to live with…. we have to develop mechanisms to incentivize these nations and reduce the costs for them to accelerate their move away from fossil fuels.”