Prickett, Ruth
July 2008
Financial Management;Jul/Aug2008, p34
Trade Publication
The article discusses the key drivers that would impact how companies worldwide respond to climate change. The Carbon Trust has identified four drivers, which include legislation, reputation, market dynamics and physical impact. Several legislation on carbon trading have been introduced, including the carbon reduction commitment, which was expected to be passed in 2010 to require government departments, companies and other organizations to trade carbon allowances. Moreover, it is suggested that all homes in Great Britain should commit in emitting no carbon by 2016. The market dynamics driver includes consumer demand and supply-chain pressure, while, the physical impact driver covers increased insurance premiums and problems with flooding.


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