As change spreads through economies, markets and our daily lives, finding balance will be key to ensuring the risks don’t outweigh the rewards.One of the key themes that is gaining momentum is the push to make the global economy more environmentally friendly.
Some regional governments are implementing changes to accelerate the transition to electric vehicles as well, with Quebec and California announcing their intent to ban the sale of new gas-powered vehicles by 2035. China also just announced its intention to step up environmental policies to achieve peak carbon emissions prior to 2030 and achieve carbon neutrality before 2060.
The recent big names to relocate out of California highlight that risk and include Tesla’s Elon Musk, Dropbox’s Drew Houston, Splunk’s Douglas Merritt and Palantir’s Joe Lonsdale. Even large market-leading companies such as Oracle are leaving San Francisco to places like Austin, Texas.