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The Global Carbon Crisis - Emerging Carbon Constraints and Strategic Management Options (Hardcover)
Loot Price: R1,241
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The Global Carbon Crisis - Emerging Carbon Constraints and Strategic Management Options (Hardcover)
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For at least a decade the science of climate change has warned us
of the dire need for action - particularly by corporations who are
the main engines of economic production and consumption. Yet
managerial and corporate understanding of climate change and
related energy issues remains fragmented and present actions lack
the urgency this critical problem deserves. There is a whole new
economy - the low-carbon economy - looming on the horizon. But our
consumption and production patterns remain in a carbon-locked
position. What we are risking is a global carbon crisis and a case
of history repeating. Humankind's failure to adequately recognise
the onset of and address the effects of the global financial crisis
mirrors our similar failures with the carbon crisis. There are many
parallels: both are and were predictable and both will have direct
implications on humanity on a sweeping, indiscriminate and severe
scale. The difference is that we cannot reverse the effects of
climate change and fossil fuel scarcity as easily as we can repair
the global financial system. It is of paramount importance that we
wake up to the risks and begin tackling the issues early enough. To
successfully address the risks, business needs to be aware of the
consequences that a changing climate and finite carbon resources
will have on their business performance. The element carbon - both
as a resource and as an emission - is both an economic threat as
well as an opportunity for companies. It is a threat for
carbon-intense production systems that will need to be changed to
avoid further harmful climatic change, and take into account the
limited availability of carbon-based fuels. At the same time, new
opportunities will emerge for companies who can creatively design
and produce goods and services that fit the new emerging
carbon-constrained business environment. Many sectors of the
economy - for example, renewable energy, energy and resources
conservation, waste reduction and management, carbon finance
markets - will expand rapidly, as other carbon- and
resource-intensive sectors decline. The Global Carbon Crisis
succinctly translates important insights from the natural sciences,
economics and equity discussions, for the business reader. It
reviews important aspects of these discussions and clarifies
misunderstandings with respect to climate change and fossil fuel
availability and their implications for business. The book provides
simple, direct, pragmatic and effective solutions that
policy-makers and corporate managers can implement. The aim is to
provoke action - thoughtful action - towards developing a
low-carbon future for companies on three levels. At the macro
level, the authors discuss the importance of tough industrial
policies for climate change and propose the idea of an
international carbon-equal fund. At the meso level, they elaborate
on the role of inter-firm collaborations for establishing
low-carbon industries and production systems. At the micro level,
they illustrate the virtue of proactive carbon strategies and
suggest a corporate carbon management framework. Getting the
message of the carbon crisis across to a business audience has
proved challenging. This book successfully makes the case that they
are intricately connected to one another and practising managers
and business students will benefit from viewing the carbon crisis
in parallel to the financial meltdown. The book will be essential
reading for all businesses grappling with carbon-related issues and
for many in academia, including those in management, strategy,
finance, corporate social responsibility and sustainable
development, globalisation and innovation studies.
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