Planetary Boundaries: Stratospheric Ozone Depletion

🪐 Let’s dive into the science grounding Planetary Possibilities. Today’s focus? Stratospheric ozone depletion.

🪐 Following the discovery that chlorofluorocarbons (CFCs)—think hairspray and refrigerants—depleted the ozone layer, the UN introduced CFC regulations in 1987.

🪐 As CFCs were used in a wide range of sectors, companies needed to transition their chemical use to secure long-term profitability.

🪐 When shifts in regulation happen, there is a huge potential to re-shape the market share structure amongst competitors.

🪐 Businesses focused on innovation, developing alternative substances with low levels of global warming potential that avoided ozone depletion.

🪐 As a result of their science-based actions, companies in effected sectors have continued to be profitable while stratospheric ozone depletion is no longer an at-risk boundary.

🪐 It’s time to take inspiration from this success story and catalyse regulation to innovate for all other planetary boundaries.

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