Corporations Taking the Lead on Climate?
Corporations Taking the Lead on Climate?
In a Washington Post op-ed yesterday titled, "The Planet Can't Wait," columnist David Ignatius noted that business activism may offer the best hope of moving the U.S. government to address climate change.
Corporations are increasingly filling the void left by governments. Worldwatch researcher Erik Assadourian describes several promising initiatives in his article "Next Steps for the Business Community" in the March/April issue of World Watch. Among them is a recent pledge by investment banking firm Goldman Sachs to stem its own release of carbon and to lobby governments around the world to address climate change.
Yet the U.S. business community remains far behind Europe, where in the U.K., "several large companies are pushing the government to increase U.K. efforts to reduce carbon emissions, including creating targets for emissions trading beyond 2012, and eliminating 'the policy inconsistencies and perverse incentives that undermine the effectiveness of climate policy,'" notes Assadourian in his chapter "Transforming Corporations" in State of the World 2006.
While these efforts are encouraging, at least one of the companies involved in the U.K. initiative has been simultaneously resisting effective climate regulation in the U.S. To achieve a future where corporations advocate for strong climate policy, it will be essential to create a fully transparent lobbying system that punishes companies that promote laws solely prioritizing their own bottom lines at the expense of society.
As more companies realize it is ultimately in their best interest to lend their voices and dollars to slow climate change, governments around the globe, including the United States, will be forced to take action.