Thousands of students assemble at Sydney’s town hall, joining the global “climate strike” to demand urgent action on climate change, on March 15. Photo: EPA-EFE Thousands of students assemble at Sydney’s town hall, joining the global “climate strike” to demand urgent action on climate change, on March 15. Photo: EPA-EFE
Thousands of students assemble at Sydney’s town hall, joining the global “climate strike” to demand urgent action on climate change, on March 15. Photo: EPA-EFE
Andrew Sheng
Opinion

Opinion

Andrew Sheng

Climate change will turn the Earth into the next Titanic unless corporate captains wake up and act quickly

  • Heads of large corporations, not governments, need to recognise the urgency of the climate crisis and focus on the planet’s long-term survival instead of short-term profit, while economists must factor the cost to the Earth into GDP calculations

Andrew Sheng
Andrew Sheng

Updated: 1:46am, 8 Jun, 2019

Why you can trust SCMP
Thousands of students assemble at Sydney’s town hall, joining the global “climate strike” to demand urgent action on climate change, on March 15. Photo: EPA-EFE Thousands of students assemble at Sydney’s town hall, joining the global “climate strike” to demand urgent action on climate change, on March 15. Photo: EPA-EFE
Thousands of students assemble at Sydney’s town hall, joining the global “climate strike” to demand urgent action on climate change, on March 15. Photo: EPA-EFE
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Andrew Sheng

Andrew Sheng

Andrew Sheng is a former central banker and financial regulator, currently distinguished fellow at the Asia Global Institute, University of Hong Kong. He writes widely on Asian perspectives on global issues, with columns in Project Syndicate, Asia News Network and Caijing/Caixin magazines. His latest book is “Shadow Banking in China”, co-authored with Ng Chow Soon, published by Wiley.