How countries are responding to the greenhouse business challenge including carbon footprint. Needs to be 2 pages. Please no plagiarism. Current Global Practices – How Countries Are Responding To the Greenhouse Business Challenge Including Carbon Footprint Table of Contents Overview 3
The issue of global warming is receiving significant attention worldwide in recent days. In general, the problem of global warming occurs due to one of the imperative factors of increasing emissions resulting from the greenhouse gases. Thus, it can be stated that there exists the necessity to employ as well as to implement broad assortment of serious initiatives by different countries in order to diminish the level of emissions by a considerable level (KPMG, 2008).
China introduced and employed an effective plan in order to respond towards the challenge of increased level of carbon emissions. According to Leggett & et. al. (2008), China and the United States (US) are considered to be the foremost producers of greenhouse gases (GHG) releasing approximately 35% of worldwide emissions. In order to respond towards mitigating the growing concern of carbon emissions, China introduced a plan named “National Climate Change Program”. The primary objective of China in introducing this important program is to diminish the rising level of GHG emissions (Leggett & et. al., 2008).
Leggett & et. al (2008) identified that the economy of the US has been significantly influenced by the increased level of GHG. It has been viewed that the growth of modern transportation arrangements is one of the major causes of rising GHG emissions in the US. In order to respond this significant issue, the US government is incessantly adopting certain important initiatives such as enhancing the energy efficiency relating to the transportation of the vehicles, presenting substitute law-carbon fuels and enhancing the competence level of the entire transportation system (Leggett & et. al., 2008).
The European Union (EU) is also liable for generating significant GHG emissions resulting from its international air transportation systems. It is expected that the emissions can be increased in future if the different member states belonging to EU does not employ any sort of policy response in this particular area. In this similar context, EU established a significant mechanism through which it can periodically track the level of emissions as well as the absorption of the GHG (Dow & Aggarwal, 2012).
In order to counter the problem about the increased level of GHG emissions, the Government of India established a plan named “National Action Plan on Climate Change (NAPCC)”. This plan has been fundamentally designed for tackling the aspect of climate change in order to reduce the growing concern of carbon emissions. Furthermore, the plan intends to lessen the intensity of carbon emission which can ultimately support the nation to improve its overall environmental policies by a significant level (Atteridge & et. al., 2009).
By taking into concern the Third World nations about responding towards increased level of GHG emissions, it has been viewed that the countries belonging to Third World undertook several significant measures. In this regard, the significant measures include substantially investing in climate change related policies, introducing and developing clean energy based technologies and most importantly emphasizing upon delivering inclusive education as well as training to the workforce linked with the deployment of energy technologies (Europcar Zimbabwe, 2012).
Atteridge, A. & et. al., 2009. Reducing Greenhouse Gas Emissions in India: Financial Mechanisms and Opportunities for EU-India Collaboration. Stockholm Environment Institute. [Online] Available at: http://www.sei-international.org/mediamanager/documents/Publications/Climate-mitigation-adaptation/reducinggreenhousegasemissions-india.pdf [Accessed October 16, 2012].
Dow, S. & Aggarwal, R., 2012. Navigating the C² Economy: The 21st Century Business Challenge. The European Financial Review. [Online] Available at: http://www.europeanfinancialreview.com/?p=2876 [Accessed October 16, 2012].
European Commission, 2012. What Is The EU Doing About Climate Change. Climate Action. [Online] Available at: http://ec.europa.eu/clima/policies/brief/eu/index_en.htm [Accessed October 16, 2012].
Europcar Zimbabwe, 2012. Green Policy. Home. [Online] Available at: http://www.europcarzimbabwe.com/cgi-bin/page.cgi?ID=2497&MID=&LANG=EN&METID=4704 [Accessed October 16, 2012].
KPMG, 2008. Climate Change: Is India Inc. Prepared. Business Outlook. [Online] Available at: http://business.outlookindia.com/pdf/ClimateChangereportfinal.pdf [Accessed October 16, 2012].
Leggett, J. A. & et. al., 2008. China’s Greenhouse Gas Emissions and Mitigation Policies. CRS Report for Congress. [Online] Available at: http://www.fas.org/sgp/crs/row/RL34659.pdf [Accessed October 16, 2012].
Thorning, M., 2007. A Reality Check On Initiatives To Reduce Greenhouse Gas Emissions In California, Oregon, The Northeast And In Europe. American Council for Capital Formation. [Online] Available at: http://accf.org/wp-content/uploads/2012/04/media_19.pdf [Accessed October 16, 2012].