Impact of Global Warming Laws on Industry: Challenges & Benefits
It has been hard to ignore the effects of climate change , with governments across the world now promising strong new tough policy to curb greenhouse gas emissions and promote environmental care. These policies are forcing industries to review their operations, shift their focus towards sustainability and the use of cleaner technologies . Carbon mitigation policies have gone a notch higher by extending to the use of carbon pricing mechanisms such as carbon taxes and cap and trade systems to institutional investors or obligating businesses to cut emissions reduction targets. Such policies are however not designed only to address climate change threats but presents both challenges and positive prospects for businesses in all sectors. Energy-related climate regulations can impose significant costs and operational challenges on sectors such as transportation and manufacturing. Adapting to these regulations while pursuing sustainable practices...