Corporate Responses to Climate Change: Achieving Emissions Reductions Through Regulation, Self-Regulation and Economic Incentives (Hardback)
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A propos de cet article
Titre : Corporate Responses to Climate Change: ...
Éditeur : Taylor Francis Ltd, United Kingdom
Date d'édition : 2008
Reliure : Hardback
Etat du livre :New
A propos de ce titre
Given the scale of the greenhouse gas emissions reductions that are seen as necessary to avert the worst effects of climate change, policy action is likely to result in a complete reshaping of the world economy. The consequences are not confined to 'obvious' sectors such as power generation, transport and heavy industry; virtually every company's activities, business models and strategies will need to be completely re-thought. In addition, beyond their core business activities, companies have the potential to make important contributions to reducing greenhouse gas emissions through the allocation of capital, through innovation and the development of new technologies, and through their influence on the actions taken by governments on climate change. 'Corporate Responses to Climate Change' has been written at a crucial point in the climate change debate, with the issue now central to economic and energy policy in many countries.This book analyses current business practice and performance on climate change, in the light of the dramatic changes in the regulatory and policy environment over the last five years. More specifically, it examines how climate change-related policy development and implementation have influenced corporate performance, with the objective of using this information to consider how the next stage of climate change policy - regulation, incentives, voluntary initiatives - may be designed and implemented in a manner that delivers the real and substantial reductions in greenhouse gas emissions that will be required in a timely manner, while also addressing the inevitable dilemmas at the heart of climate change policy (e.g. how are concerns such as energy security to be squared with the need for drastic reductions in greenhouse gas emissions? Can economic growth be reconciled with greenhouse gas emissions? Can emissions reductions be delivered in an economically efficient manner?). This book focuses primarily on two areas. First, how have companies actually responded to the emerging regulatory framework and the growing political and broader public interest in climate change? Have companies reduced their greenhouse gas emissions and by how much? Have companies already started to position themselves for the transition to a low-carbon economy? Does corporate self-regulation - unilateral commitments and collective voluntary approaches - represent an appropriate response to the threat presented by climate change? What are the barriers to further action?Second, this book examines what the key drivers for corporate action on climate change have been: regulation, stakeholder pressure, investor pressure. Which policy instruments have been effective, which have not, and why? How have company actions influenced the strength of these pressures? 'Corporate Responses to Climate Change' is a state-of-the-art analysis of corporate action on climate change and will be essential reading for businesses, policy-makers, academics, NGOs, investors and all those interested in how the business sector is and should be dealing with the most serious environmental threat faced by our planet.Critique:
This book is particularly important since it addresses the corporate sector, a major stakeholder in tackling the challenge of climate change. Indeed, it is largely through market-based responses that new technologies will be developed and their dissemination would take place to reduce the emissions of greenhouse gases. The book appropriately addresses issues of public policy and their nexus with corporate responses, which makes this a useful volume not only for corporate leaders but policy-makers as well. Dr Rajendra K. Pachauri, Chairman, Intergovernmental Panel on Climate Change (IPCC), co-winner of the Nobel Peace Prize and Director-General, TERI, India --United Nations Framework Convention on Climate Change
Captains of industry are the key to the solution of global warming. This book helps define rules that will help them to lead, rather than oppose, the actions that are needed. James Hansen, Columbia Earth Institute --Earth Institute
The World Business Council for Sustainable Development is pleased to endorse this important new book. The companies in our membership are innovative and well managed partly because of their commitment to sustainable development. They are also the front-runners in understanding the business benefits derived from innovative energy and environmental approaches. This means they do not waste time on outdated notions: for example, that the economy will suffer massively by responding to the challenges climate change presents. To the contrary, the current financial crisis means that we must now develop business models for growth driven by a low-carbon economy. This new work is a valuable contribution to guiding us further in meeting that challenge. Björn Stigson, President, World Business Council for Sustainable Development --World Business Council for Sustainable Development
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