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Business Impacts of Greenhouse Gas Regulations
E SOURCE, May 2005, Pages: 14
Greenhouse Gas emissions are not regualted by the U.S. government and yet many US companies are feeling compelled to act. This is a concise explanation of the business case for acting now.
Laws requiring companies to reduce their emissions of greenhouse gases (GHGs) are proliferating throughout the world. Although federal restrictions are unlikely in the U.S. for at least five years, a number of states are setting limits on carbon emissions sooner, particularly in the power sector. The Canadian government is in the process of formulating a wide set of policies aimed at reducing GHG emissions, as are governments from Europe to Japan.
The climate-protection rules being promulgated around the world interact in important ways, which means that companies must understand the international climate policy landscape and how it interacts with their domestic situation to fully appreciate the risks and opportunities they face. Even companies that will not directly encounter carbon regulations soon may find their competitive position affected by GHG rules in other countries, regions, or industries.
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