Fighting climate change – The Property Chronicle
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Fighting climate change

The Professor

The politics, economics and tech.

We inhabit a world where a distorted perception persists regarding the relationship between the value and expense of initiatives aimed at addressing climate change. Without proactive measures, regardless of their associated costs, we face the ominous spectre of global warming and the existential threats it poses. The benefits and advantages of taking action to mitigate the impacts of global warming far exceed the current costs of such actions. Our hope is that 2023 will be remembered as a pivotal moment of shared realization among humanity.

Today’s prominent headlines in mainstream media regularly feature dramatic wildfires, droughts, floods, severe heatwaves, rapid glacial melting, shifting ocean currents, a profound decline in wildlife, and widespread human suffering in various parts of the world. This “dystopian future,” marked by an unrelenting series of climate and ecosystem crises, is unfolding, affecting individuals within the familiarity of their own surroundings in both developed and developing nations. The stakes have reached an unprecedented level, as an escalating apprehension of perilous climate risks rapidly reshapes our way of life, impacting both the affluent and the less privileged. Disruption, uncertainty, resource scarcity, human suffering, and frustration are becoming the prevailing norm.

So, what can be done?

Churchill once said that “the pessimist sees the difficulty in every opportunity and the optimist sees the opportunity in every difficulty,” while Nietzsche said, “there are no such things as facts, only interpretations”. Both are right when it comes to climate action, but someone with pointy ears in a galaxy far, far away also said: “Do or do not; there is no try.”






The Professor

About Wesley Paul and Bing Wang

Wesley Paul is a finance, investment, and technology professional with over 45 years of experience across multiple industries. He is the Founder and Chairman of Evenstar Group, a holding company focusing on ESG innovation and technologies that can advance humanity and contribute materially to preserving our environments and ecosystems for future generations. Wes was formerly a Managing Director and Global Head of Investments at J.P. Morgan, where he worked for 25 years. Dr Bing Wang is Associate Professor in Practice for Real Estate and the Built Environment at Harvard University Graduate School of Design (GSD). She is an investor and advisor in real estate across multiple continents and a principal of design. Dr Wang is also an author of books and many articles, including recently published Understanding China’s Real Estate Markets: Development, Finance, and Investment by Springer Nature.

Articles by Wesley Paul and Bing Wang

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