Is government or business best placed to address climate change? Discuss, using examples and drawing upon the concepts taught in this unit.
One can’t predict or precisely tell how climate changes are going to change the planet, but there are few things that are very certain to happen: the complex climatic changes and variations in environmental impact is directly going to affect the business, government systems, society, and ecosystems; and the governments will thus look forward to bring the required changes for the people and mitigate the effects brought by complex climatic changes with far-reaching regulations (Schuur and McGuire, 2015). Until recently, there are so many companies that have set various regulations and included standards for carbon emissions to be forming up in the coming days. These enterprises will increasingly find that these emissions from the climatic changes around them will witnessed a price hikes in terms of the society and financials (Boucher and Randall, 2013). Thus, there are great chances that the businesses that continue to sit on the side-lines will be crippled strongly as compared to several other businesses and company who are now discovering and devising latest strategies to ensure a reduction in the environmental risk.
A right approach to find environmental solutions for various businesses is highly important. There has to be an approach that is environment friendly and thus the companies who are currently running on strategies or work place with carbon emission or harmful particles formation need to find a different approach to address climate change (Edenhofer, 2015). The business and the government is certainly the best place to address these harmful changes in the climatic conditions.
Only those companies who will succeed to get their strategies right and appropriate for addressing the complex climatic conditions and changes will be able to find vast opportunities, which will later help them get both the business revenue gains and also create social positivity on the global platform (Shine, 2014).
Climate change today is under continuous focus by the government and these changes are also playing a huge role in how business operations will perform. Various GNH or greenhouse gases, carbon footprints, harmful gases elimination will be excessively tracked, controlled, and fined financially by the government agencies (Adger and Aggarwal, 2007). Some parties or individual managers can find these changes non-existent and also disagree about the immediate climatic changes caused by the emissions from their workplace or products and they may fail to notice the significant impact of climate change, but sooner or later all these kinds of companies will be entitled to include the eco-friendly solutions in their business and the government will have to impose stringent action to save the nature.
There are several companies that persist having environment save work treatments, but the sole purpose of including such changes are to save their businesses. There are numerous firms which are not taking the matter seriously. .A company’s climate policies are very likely to get affected by the responsibilities and expectations of the stakeholder and the various standards and norms for begin socially responsible. However, the effects of the complex changes in the environment or climate on the day to day work operations of a firm are going to become quite prominent and can be fought with the government polices and legislations (Rogers and Marres, 2016).
When there are talks about the approaches to tackle the complex and harmful climatic changes in our environment, one can clearly see the there is no one solution to solve all the different problems to address the complex climatic transformations. (NASA, 2010) Each and every business enterprise and each industry’s approach will have to be dependent on its particular business, working environment, strategies used the solution to address the climatic changes should sync with the overall corporate strategies.
For every industry and the business, the approach to deal with these changes must include smart and strict initiatives that will turn effective at mitigating the climate-related costs and the risks that are going to happen in its value chain (Xu and Grumbine, 2014).
All the business leaders across different industries and companies are required to consider that the carbon emissions are costly affairs. They must realise that these carbon emissions and gases will be become expensive pretty soon, and the responsible corporations thus need to assess the risks their operating are causing to the environment (Field, 2015). Every company, industrial sectors and businessmen need to get those basics right, and work towards addressing the issues seriously keeping the global perspective in mind.
Any of the company that has more number of employees than the number of employees required in its shipping department is actually operationally ineffective; when one looked closely can clearly witness how the managers are using up all their business resources and creating a process where performance is kept at a low level. Similarly for an instance there is a company that is producing excessive carbon or emits other harmful gasses during its various operations related to shipping then, such company can be claimed to be a defective company with a lot of operational inefficiencies. Such companies are simply wasting their entire resource base and also incurring extra unwanted prices. Such prices tend to rise annually as well. So, it is highly important to implement best of the available practices in businesses to manage the climate-related costs and remain competitive in the market (Christensen, Kanikicharla, Marshall and Turner, 2013). Additionally with the increased costs caused due to continuous harmful gas emissions, every businessman, companies and all such types of firms also need to evaluate and understand its operational sensitiveness and its contribution to the transformations in the world climate. (Melillo, Richmond and Yohe, 2014)
For the purpose of setting a company’s attitude in addressing the complex climate changes caused by the emissions and to make detection of their strategic operations, all the corporations out there must analyse their internal operations. This is technically termed as an approach of inside out. This will eventually help them properly realise how their operations are having a negative effect on the environment. These companies also need to have a look “outside in”, for this will help them understand how changing climate may in turn affect the environment and capabilities of their business (Collins and Knitti, 2012).To understand these things in a positive perspective, managers are supposed to observe the value chain system of the firm. Such a value chain system has everything related to operations, logistics, sales. Services, marketing etc all of which are evaluated to understand how they are impacting the environment (Crate and Nuttall, 2009).
Climate changes are happening abruptly and there are going to change a lot in the near future, whose effects could be devastating. So, it is important how companies operating on a global scale will react on a present day in various locations which will have an impact on their markets. These careless operative methods are actually a medium to invest in global security and the companies need to improve corporate social responsibility and their flexibility to adopt these. Certain things are likely to happen and they can raise security concerns for businesses causing the infrastructure to get totally damaged, failure of the Earth’s ecosystem, disruptions in the farmlands and agricultural sector and many more (Stocker, 2013).
Thus these businesses are risking the environment and many lives, for the extremities of shifts in climate can destroy a successful environment of an enterprise and even the social world residing around. So, business executives and owners, firm owners and companies require anticipating the way climate changes can affect their business and take preventive measures for it (Fann. And Nolte, 2015)
Conclusion
The impact of the emissions from the value chain related activities can be both straightforward and complex. The various carbon emissions can either be such that it gets triggered by any activity which has been done under the firm’s direct operational strategies and the emissions can also be induced by the suppliers, channels, and customers.
These impacts have potentially revolutionary implications that may no longer be applicable in a world which is filled with emissions causing huge expenditures. High carbon exposure is not a sign that for a company climate concerns has to be an instant strategic change. Rather the managers need to devise an effective action plan to detect and address such a grave issue. The seriousness of the matter can be taken as a strategic plan. If business enterprises can lower their carbon footprint compared to their competitors, there are high chances that they are going to stay ahead of all its competitors in the near future. Inside-out analysis will also help them in lower such energy consumptions and balance out the emissions caused from its operations which are having a financial impact on its value chain. The businessmen and the entire firm and people associated with the firm should thus make regular assessment of all these prevalent risks and then decide which things and operational process to reduce. This can effectively be done through redesigning the working or shipping operations, efficiently understanding what operations are causing what effects, using contractual hedging and insurance which the environment can withstand.
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