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Kyoto Primer

| Wednesday February 16th, 2005 | 0 Comments

The week’s been abuzz with news on today’s start date for the Kyoto treaty on climate change. Joel Makower posts everything you need to know about the treaty, the business case behind it, the process of carbon trading, and some expected impacts. If the argument that the Earth’s ecosystem services are being undervalued is not enough, then memorize the following paragraph:

“At the firm level, the most compelling business rationale includes reduced operating costs, usually through lower energy expenditures, as well as enhanced reputation, as customers, shareholders, and other stakeholders seek out companies with strong climate leadership. Some companies also view value in the reduced uncertainty that comes from being well ahead of regulatory requirements and stakeholder expectations.”

(more from Makower)


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