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Business Responses to Climate Change
Abstract
In the previous chapters 5 and 6 the issues of adaptation and mitigation regarding climate change were introduced. Key concepts were defined, several questions were addressed and potential responses and policies were summarized, based on the findings of scientific research, including valuable sources such as (IPCC, 2007) and (Stern Review, 2006). It is particularly interesting to explore how businesses have perceived these issues and, even more important, how they have actually responded to the challenges of climate change. The issue of global warming, with its pervasive impacts on the society and economy, is not only an issue of public policy and, of course, it is not just an academic issue to be discussed among researchers. The extent and ways that businesses participate in world’s efforts to stabilize oncentrations is of vital importance, as businesses in different sectors of the economy produce large quantities of greenhouse gases (GHGs) and thus have a significant share of the responsibility for the problem. On the other hand, big corporations possess the organizational, technological, and financial resources to cope with environmental problems, including global warming. Indeed, big corporations’ involvement is a critical factor in the policy deliberations relating to climate change, as they are main suppliers of consumers with goods and services as well as main developers and disseminators of new technology. In addition, they implement and finance a substantial part of governments’ climate change policies.
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