Theory and Practice of Business under Sustainability Principles
Edited by Geoffrey Wells
Chapter 14: International trade law, climate change and carbon footprinting
Sustainable development is now thoroughly integrated into international and national governance and policy making, and widely accepted within the business community (Matthew and Hammill, 2009; Keijzers, 2005). Through organizations such as the World Business Council for Sustainable Development and the International Chamber of Commerce, global business leaders have committed to sustainable business practice and, by means of initiatives such as the Sustainability Reporting Guidelines (Global Reporting Initiative, 2011; Carbon Disclosure Project, 2011) have also committed to ensuring that sustainability standards are transparently monitored. Business everywhere is keen to spruik its sustainable development credentials. Climate change poses a significant threat to sustainable development and has been classified as ‘the greatest and widest-ranging market failure ever seen’ (Stern, 2006). Projected increases in global temperatures not only endanger human welfare by reducing the supply of potable water and by putting global food production at risk, they also have a devastating impact upon the environment and biodiversity.
You are not authenticated to view the full text of this chapter or article.
Elgaronline requires a subscription or purchase to access the full text of books or journals. Please login through your library system or with your personal username and password on the homepage.
Non-subscribers can freely search the site, view abstracts/ extracts and download selected front matter and introductory chapters for personal use.
Your library may not have purchased all subject areas. If you are authenticated and think you should have access to this title, please contact your librarian.