Climate change as a business problem
Power lines lead away from the Kraftwerk Westfallen coal-burning power plant on May 23, 2011 in Hamm, Germany.
August 4th, 2011
05:00 AM ET

Climate change as a business problem

Editor's Note: G. Truett Tate is Group Executive Director of, Lloyds Banking Group. For more from Tate, visit Project Syndicate and check it out on Facebook and Twitter.

LONDON – Some political problems can be solved overnight; others take years to tackle. But, in the distant future, when the financial crisis and the euro’s troubles are long forgotten, we will still be facing the consequences of climate change.

A challenge of this scale and depth demands an unprecedented level of cooperation – between countries, between political parties, and between government, business, and citizens. It is for this reason that some of Britain’s biggest businesses, including Lloyds Banking Group, came together in the Prince of Wales’s Corporate Leaders Group on Climate Change (CLG). FULL POST

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