Position of Corporates
Position of Corporations
Business sector is one of the main GHG emitters. Emissions are generated by two main ways: directly (e.g. combustion on site) and indirectly (e.g. via bought oil or electricity).
Companies are affected by climate change and climate change regulations less or more, mainly because of the type of business they are in. But all big industries have their interest in some way in the climate change topic. Some companies are trying to postpone any regulations about emissions reduction in order to secure for a while their business model from losses. Other companies are trying to implement "green" elements into their strategy. Industries that are most depending on GHG emissions are fossil fuels producing companies, fossil fuel based industries (including power generation) and agriculture (in some areas, though, where deforestation is required).
More and more corporations and companies these day's are trying to bring some environment friendly elements to their business, trying to get more support from public, meet regulatory requirements, optimize efficiency or just because of consciousness.
During last few years rating of environment friendly companies became available from some consulting and analytical groups.
Enablers:
1. Public pressure.
2. More strict regulations.
3. Efficiency increase.
4. Increasing fossil fuel price.
Inhibitors:
1. Dependency on fossil fuels.
2. Lack of appropriate technology
3. Geographical restrictions (e.g. agriculture and deforestation).
Paradigms:
To resolve climate change issue it will require firms to reduce greenhouse gas emissions. Therefore information on firms' emission levels, carbon risks, technologies and strategies will be required.
Experts:
1. USCAP - US Climate Change Action Partnership.
2. Nicholas Stern - British economist and academic. Chair of the Grantham Research Institute on Climate Change and the Environment at the London School of Economics.
Web Resources:
http://onlinelibrary.wiley.com/doi/10.1002/smj.796/abstract
http://www.businessweek.com/magazine/content/05_50/b3963401.htm
http://www.climatechangecorp.com/content.asp?ContentID=4877
http://www.parliament.uk/documents/post/postpn213.pdf
Stern Review