![](https://assets.weforum.org/article/image/ADlAaO6CnW3jMdO_g7T2NgLplLnJwwy6wH_fA10HqZ8.jpeg)
How businesses can help avert a recession while furthering decarbonization
We are at a historic inflection point, facing a recession and global turbulence just as the need for decarbonization is greatest. Businesses can help.
Chairman at Siemens AG, Member of the Board at C3.ai. Member of the Board of Trustees at the World Economic Forum. Adjunct Professor at Copenhagen Business School (CBS). Former Chairman of A.P. Møller - Mærsk A/S. Former co-CEO of SAP. Master’s in Operational Research from the University of Aarhus, Denmark.
We are at a historic inflection point, facing a recession and global turbulence just as the need for decarbonization is greatest. Businesses can help.
We need a radical reimagination of global value chains in order to help accelerate climate action across sectors in ways not previously thought possible.
Digital technologies can save the world, but business leaders need to use them responsibly to address global issues such as social inequalities and climate change.
Global efforts to combat climate change such as developing green infrastructure need to speed up in order to meet targets set out in the Paris Agreement.
We must challenge the irresponsible use of technology undermining our societies and democracies by prioritizing tech governance through these approaches.