Business corporations are key players in the on-going political debate surrounding climate change. In producing the goods and services of the global consumer economy, corporations are major producers of greenhouse gas emissions. However, corporations can also play a leading role in the mitigation of those emissions through increased efficiencies and the development of new technologies. As a result, the business response to climate change can often appear conflictual. ‘Corporate greening’ and innovation contrast with examples of business obfuscation and the organised funding of climate change denial (e.g. as this recent documentary outlines).
Last month we were lucky to have Professor Andy Hoffman from the University of Michigan visit the University of Sydney Business School and present a number of talks on climate change and business responses. Andy is one of the world’s leading experts on business and climate change and has published extensively on this topic.
Above is a short interview on ABC’s Business Today program hosted by Whitney Fitzsimmons, where Andy discusses some of the business implications of climate change and related regulatory and market changes.
‘Sustainability’ has become a pervasive part of social and business discourse. However getting down to specifics on sustainability is a much debated issue.
This is of particular relevance for climate change. In particular, how can we speak of, or imagine ‘sustainability’, given the underlying conflict that emerges between the pursuit of ‘economic progress’ defined in terms of the production and consumption of goods and services, and the ever escalating production of greenhouse gas emissions.
The social and political debate over climate change continues unabated, despite an ever worsening procession of extreme weather events and increasingly dire scientific climate projections (on track for a 4 degree warmer world).
While there is a significant over-estimation of the extent of climate change denial within society, those who reject the phenomenon of anthropogenic climate change appear to have become even more strident, despite the overwhelming weight of climate science.