[Strategic Response to Climate Change by Global Companies]

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Acknowledgement

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Table of contents

LITERATURE REVIEW1

Banking sector1

Contruction company effected by Climate change2

Oil and gas industry4

Automobile Industry6

Iron and steel Industry10

REFERENCES14

LITERATURE REVIEW

While public and policy interest begun currently in the late 1980s, premier to a first international agreement at the Rio Conference in 1992, the major person going by car for business strategic change was the adoption of the Kyoto Protocol in 1997. This happening spurred the development of guideline, and expanded the force from non-governmental organisations (NGOs) on governments to double-check ratification of the Protocol, and on companies, which were advised to take befitting steps to address global warming. (Venkatakrishnan 2005 123)

Banking sector

Climate change is an international ecological issue that has progressively captivated business attention in the past ten years, because of its genuine or promise strategic impact on numerous companies. Climate change poses strategic dilemmas for companies across a variety of industries, influencing those that make fossil fuels (e.g. oil, utilities), count on these fuels directly (e.g. chemicals, airlines) or obscurely (automobile and airplane manufacturers), and those that desire to develop new market opportunities originating from risk coverage or appearing emission dealing schemes (e.g. banks, insurance). (Hoffman 1997 143)

Climate change is likely to harm developing economies that generate major portion of their GDP from climate sensitive banking sectors. This paper computes economy-wide impact of climate change and its distributional consequence with the help of a banking sector wise disaggregated general equilibrium model using UK as a case. The projected climate shock reduces output in the banking sector with the strongest forward and backward linkage to the rest of the economy and redistributes income by changing the returns to inputs owned by various agents. The results suggest that climate change will make the prospect of economic development harder in at least two ways: first, by reducing agricultural production and output in the sectors linked to the agricultural sector, which is likely to reduce UK GDP by about 10% from its benchmark level; and second, by raising the degree of income inequality in which the Gini-coefficient increases by 20%, which is likely to further decrease economic growth and fuel poverty. Thus, climate change is expected to increase the fraction of people in poverty by reducing the size of the total pie and redistributing it more unevenly. (Venkatakrishnan 2005 p.123)

Contruction company effected by Climate change

This reconsider examines the result of climate change on the constructed environment with a focus on new construction. Adapting living stock is the subject of a distinct reconsider. While the constructed environment is very broad, expanding from ...