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Essay text:
Companies accept much quicker the need for action
America= a more conservative approach
American companies expended considerable energies in aggressively challenging climate science, pointing to the potentially high economic costs of greenhouse gas controls and lobbying against the Kyoto protocol
• Over time the positions of European and US-based MNEs have moved towards convergence. This convergence is driven by a wave of international mergers, joint ventures, as well as growth international institutional structures for business coordination
Theoretical Background
• When economic interest are clearly defined, companies generally view environmental concerns in a similar way and are likely to adopt similar response strategies
• For MNEs facing the climate issue, great uncertainty surrounds the future of climate science, emission regulation, and markets for alternative technologies
> as a result, there is no straightforward method for calculating optimal strategies a priori...
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Common topics in this essay:
- Business Strategy Towards Climate Change
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